IC 36-1-9.5-38 Maximum Aggregate Rating; Components; Net Current Assets

• Library: Indiana Statutes
• Edition: 2023
• Currency: Current through P.L. 255-2023
• Year: 2023
• Citation: IC 36-1-9.5-38

(a) A contractor's maximum aggregate rating as determined from the statement will be the sum of the following rating components:

(1) Net current assets multiplied by ten (10).

(2) The lesser of:

(A) the net book value of construction equipment assets multiplied by eight (8); or

(B) one-half (1/2) of the amount determined under subdivision (1).

(3) The lesser of:

(A) net fixed and other assets multiplied by two (2); or