Colorado § 37-44-138 Construction contract - bond

Colorado Statutes

§ 37-44-138 — Construction contract - bond

Colorado·Title 37 Water and·Art. Internal Improvement Districts Law of 1923

After adopting a plan for the
construction of reservoirs and works for the protection of life and property and to
furnish water for the irrigation of the territory embraced within the boundaries of
the internal improvement district, or to drain lands within or without the boundaries
of said district, the board of directors shall give notice, by publication thereof, not
less than twenty days in a newspaper published in the county in which the office of
the internal improvement district is located, provided a newspaper is published
therein, and in such other newspapers as it may deem advisable, calling for bids for
the construction of said works or any portion thereof. If less than the whole work is
advertised, then the portion so advertised must be particularly described in such
n

Free access — add to your briefcase to read the full text and ask questions with AI

After adopting a plan for the
construction of reservoirs and works for the protection of life and property and to
furnish water for the irrigation of the territory embraced within the boundaries of
the internal improvement district, or to drain lands within or without the boundaries
of said district, the board of directors shall give notice, by publication thereof, not
less than twenty days in a newspaper published in the county in which the office of
the internal improvement district is located, provided a newspaper is published
therein, and in such other newspapers as it may deem advisable, calling for bids for
the construction of said works or any portion thereof. If less than the whole work is
advertised, then the portion so advertised must be particularly described in such
notice. The notice shall set forth that plans and specifications may be seen at the
office of the board and that the board shall receive sealed proposals therefor and
that the contract will be let to the lowest responsible bidder, stating the time and
place for opening the proposals, which bids at said time and place shall be opened
in public. As soon as convenient thereafter, the board shall let said work, either in
portions or as a whole, to the lowest responsible bidder, or it may reject any or all
bids and readvertise for proposals, or may proceed to construct the work under its
own superintendence. Contracts for the purchase of materials shall be awarded to
the lowest responsible bidder. The person to whom a contract may be awarded
shall enter into a bond, with good and sufficient sureties, to be approved by the
board, payable to said district for its use, for not less than ten percent of the
amount of said contract, conditioned for the faithful performance of said contract.
The work shall be done under the direction and to the satisfaction of the engineer in
charge and shall be approved by the board.