Subject to the limitations of this section, any type of contract which will promote the best interests of the agency of government may be used; except that the use of a cost-plus-a-percentage-of-cost contract is prohibited. A cost-reimbursement contract may be used only when a determination is made in writing that such contract is likely to be less costly to the agency of government than any other type of contract or that it is impracticable to obtain the construction required unless the cost-reimbursement contract is used.
Source: L. 81: Entire article added, p. 1257, § 1, effective July 1.
Structure Colorado Code
Article 92 - Construction Bidding for Public Projects
§ 24-92-103. Construction of Public Projects - Invitation for Bids
§ 24-92-103.5. Construction of Public Projects - Invitation for Best Value Bids
§ 24-92-103.7. Disclosure - Invitation for Bids - Invitation for Best Value Bids
§ 24-92-104. Exemptions - Applicability
§ 24-92-104.5. Solicitation of Bids by Electronic Online Access - Department of Transportation
§ 24-92-105. Cancellation of Invitations for Bids
§ 24-92-106. Responsibility of Bidders and Offerors
§ 24-92-107. Prequalification of Contractors
§ 24-92-108. Types of Contracts
§ 24-92-109. Agency of Government to Submit Cost Estimate
§ 24-92-110. Rules and Regulations
§ 24-92-112. Finality of Determinations
§ 24-92-113. Reporting of Anticompetitive Practices
§ 24-92-114. Prohibition of Dividing Work of Public Project
§ 24-92-116. Department of Transportation - Reporting Requirements