Colorado § 24-106-104 Types of contracts

Colorado Statutes

§ 24-106-104 — Types of contracts

Colorado § 24-106-104

Title 24Government

Art.Modification and Termination of Contracts

This text of Colorado § 24-106-104 (Types of contracts) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-106-104 (2026).

Text

Subject to the limitations of this section,
any type of contract which will promote the best interests of the state may be used;
except that the use of a cost-plus-a-percentage-of-cost contract is prohibited. A
contingency-based contract may be used only upon approval by the governor's
office of state planning and budgeting pursuant to section 24-17-204. 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 state than any other type of
contract or that it is impracticable to obtain the supplies, services, or construction
required unless the cost-reimbursement contract is used.

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Subject to the limitations of this section,
any type of contract which will promote the best interests of the state may be used;
except that the use of a cost-plus-a-percentage-of-cost contract is prohibited. A
contingency-based contract may be used only upon approval by the governor's
office of state planning and budgeting pursuant to section 24-17-204. 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 state than any other type of
contract or that it is impracticable to obtain the supplies, services, or construction
required unless the cost-reimbursement contract is used.