Colorado § 24-16-103 Definitions

Colorado Statutes

§ 24-16-103 — Definitions

Colorado·Title 24 Government·Art. Public Works Fiscal Responsibility

As used in this article, unless the context otherwise requires:

(1)Agency of government means any state agency, department, division, board, bureau, commission, institution, or section which is a budgetary unit exercising purchasing authority or discretion.

(2)Contract means any agreement for public works for a fixed or determinable amount duly awarded after advertisement and competitive bid.

(3)Cost means the total cost of labor, materials, provisions, supplies, equipment rentals, equipment purchases, insurance, supervision, engineering, clerical and accounting services, the value of the use of equipment, including depreciation, owned by an agency of government, and reasonable estimates of other administrative costs not otherwise directly attributable to the project which m

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As used in this article, unless the context otherwise
requires:

(1) Agency of government means any state agency, department, division,
board, bureau, commission, institution, or section which is a budgetary unit
exercising purchasing authority or discretion.

(2) Contract means any agreement for public works for a fixed or
determinable amount duly awarded after advertisement and competitive bid.

(3) Cost means the total cost of labor, materials, provisions, supplies,
equipment rentals, equipment purchases, insurance, supervision, engineering,
clerical and accounting services, the value of the use of equipment, including
depreciation, owned by an agency of government, and reasonable estimates of
other administrative costs not otherwise directly attributable to the project which
may be reasonably apportioned to such project in accordance with generally
accepted cost accounting principles and standards.

(4) Generally accepted cost accounting principles and standards means
those accounting principles and standards promulgated by the cost accounting
standards board of the American institute of certified public accountants which
pertain to contractors engaged in the performance of government contracts.

(5) Project means any public work for which appropriation or expenditure
of funds may be reasonably expected to exceed twenty-five thousand dollars in the
aggregate for any fiscal year.

(6) Public work means any construction, alteration, repair, or improvement
of any land, building, structure, facility, road, highway, or other public improvement
suitable for and intended for use in the promotion of the public health, welfare, or
safety or maintenance programs for the upkeep of public roads, highways, or bridge
structures; except that public works does not include routine maintenance that is
not definable by a stop or start time or by geographical limits.

(7) Responsible agency of government means the agency of government
which has fiscal accountability for a project.

(8) Responsible official means the person having overall responsibility,
including delegated authority, for keeping the accounting records of the
responsible agency of government.

Colorado § 24-16-103 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.