§ 24-70-219 — Annulment of contract

Upon the failure or nonperformance in
any particular of the terms of any of the contracts on the part of a contractor with
the state or for any unreasonable delay in performing the things required under the
terms of such contract, the governor may annul the contract in which such default
is made, and payment for all work theretofore done by the contractor shall be
withheld until the damage to the state is ascertained by proper adjudication, and
the executive director of the department of personnel may thereupon readvertise
and enter into a contract for the balance of the uncompleted term of any contract
so annulled or abrogated in the manner prescribed for contracting by the terms of
this part 2.

Legislative History

Source: L. 37: p. 956, � 22. CSA: C. 130, � 87. CRS 53: � 109-2-21. C.R.S. 1963: � 109-2-19. L. 81: Entire section amended, p. 1295, � 30, effective January 1, 1982. L. 96: Entire section amended, p. 1528, � 82, effective June 1.