25 IAC 2-16-7 Prequalification suspension; denial, revocation; sanctions; grounds

Sec. 7. The certification board may suspend, deny, or revoke the prequalification of those applicants not complying with the stipulations of the statute or of this rule. Additionally, verified reports or indications of misfeasance, malfeasance, or other undesirable practices made by any reliable source or financial statements indicating instability, a precarious financial position, or poor business procedures in the eyes of the certification board shall each be further due cause for denial, revocation, or suspension of prequalification by the certification board. A certificate of qualification may be revoked or denied if the contractor: (1) fails to pay, or satisfactorily settle, all bills due to labor and material on former or existing contracts; (2) is convicted of a violation of a state or federal law in relation to a public contract; (3) defaults on a previous contract; or (4) fails to enter into a public works implemented project contract. Notification of such pending action will be made in writing, setting forth the grounds for the proposed certificate revocation. The action shall become final unless an appeal in writing is filed. Any appeal must be filed as prescribed hereinafter. The period of disqualification shall not exceed two (2) years.