Colorado § 24-70-208 Bid guarantee - opening bid

Colorado Statutes

§ 24-70-208 — Bid guarantee - opening bid

Colorado § 24-70-208

Title 24Government

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Bluebook

Colo. Rev. Stat. § 24-70-208 (2026).

Text

The executive director of the
department of personnel, in the case of classes one, two, or three, shall consider
only bids which are accompanied by a bid guarantee satisfactory to the executive
director, in the sum of at least five percent of the established value of the contract,
conditioned that the person making the bid, if the contract is awarded him or her,
within ten days after notification that his or her bid has been accepted, will enter
into such contract in accordance with his or her bid or proposal and in accordance
with the provisions of this part 2 and all specifications submitted by the executive
director of the department of personnel.

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The executive director of the
department of personnel, in the case of classes one, two, or three, shall consider
only bids which are accompanied by a bid guarantee satisfactory to the executive
director, in the sum of at least five percent of the established value of the contract,
conditioned that the person making the bid, if the contract is awarded him or her,
within ten days after notification that his or her bid has been accepted, will enter
into such contract in accordance with his or her bid or proposal and in accordance
with the provisions of this part 2 and all specifications submitted by the executive
director of the department of personnel.

Legislative History

Source: L. 37: p. 950, � 10. CSA: C. 130, � 75. CRS 53: � 109-2-9. L. 63: p. 272, � 9. C.R.S. 1963: � 109-2-8. L. 81: Entire section amended, p. 1293, � 23, effective January 1, 1982. L. 96: Entire section amended, p. 1526, � 77, effective June 1.