Ohio Administrative Code
Title 5501:2 - Division of Highways
Chapter 5501:2-7 - Incentive/Disincentive Contract
Section 5501:2-7-04 - Maximum incentive/disincentive amount
Universal Citation: OH Admin Code 5501:2-7-04
Current through all regulations passed and filed through March 18, 2024
The director shall not pay more than five per cent of the total contract amount in incentive payments unless he/she determines that the work is so critical that a higher percentage is warranted. There shall be no cap placed upon the accruing disincentive amount unless expressly authorized by the director.
Effective: 3/29/2018
Five Year Review
(FYR) Dates: 1/10/2018 and
03/29/2023
Promulgated
Under: 119.03
Statutory
Authority: 5525.20
Rule
Amplifies: 5525.20
Prior
Effective Dates: 09/29/1989
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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