§1656. Escalation clause
Bid specifications may contemplate a fixed escalation or de-escalation in accordance
with a recognized price index. Such index may include but not be limited to the United
States Bureau of Labor Statistics, Consumer Price Index and Wholesale Price Index. Bids
based on specifications which are subject to a recognized escalation index shall be legal and
valid.
Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan.
1, 2015.