5501:2-7-04 Maximum incentive/disincentive amount.

The director shall not pay more than five per cent of the total contract amount in incentive payments unless he determines that the work is so critical that a higher percentage is warranted. There shall be no cap placed upon the accruing daily disincentive amount unless expressly authorized by the director.

Cite as Ohio Admin. Code 5501:2-7-04

R.C. 119.032 review dates: 11/26/2013 and 07/12/2016
Promulgated Under: 119.03
Statutory Authority: 5525.20
Rule Amplifies: 5525.20
Prior Effective Dates: 9/29/89