Colorado § 24-106-104 Types of contracts

Colorado Statutes

§ 24-106-104 — Types of contracts

Colorado·Title 24 Government·Art. Modification and Termination of Contracts

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.

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