Colorado § 43-1-123 Project closure and project reporting requirements

Colorado Statutes

§ 43-1-123 — Project closure and project reporting requirements

Colorado·Title 43 Transportation·Art. General and Administrative

(1)The department shall close each transportation project and release any money budgeted for the project as quickly as feasible and within one year following the substantial completion of the project unless a pending legal claim relating to the project or an unusual circumstance beyond the control of the department unavoidably requires a longer time to close the project.

(2)Notwithstanding any other provision of state law, for transportation projects for which the department awards a competitively bid contract on or after July 1, 2016, the department shall report on its public website within thirty days of the contract award:

(a)The identity of the winning bidder;

(b)The amount of the winning bid; and

(c)Whether or not the bid awarded was the low bid, and, if not, why the

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(1) The
department shall close each transportation project and release any money
budgeted for the project as quickly as feasible and within one year following the
substantial completion of the project unless a pending legal claim relating to the
project or an unusual circumstance beyond the control of the department
unavoidably requires a longer time to close the project.

(2) Notwithstanding any other provision of state law, for transportation
projects for which the department awards a competitively bid contract on or after
July 1, 2016, the department shall report on its public website within thirty days of
the contract award:

(a) The identity of the winning bidder;

(b) The amount of the winning bid; and

(c) Whether or not the bid awarded was the low bid, and, if not, why the
department chose the bid over a lower bid.

(3) No later than November 1, 2017, and no later than November 1 of each
year thereafter, the department shall report to the transportation commission
regarding the percentages and total amount of money budgeted and expended
during the preceding fiscal year for:

(a) Payments to private sector contractors for work on transportation
projects; and

(b) Total transportation project costs for projects completed by department
employees, including indirect cost recoveries and employee salaries.

(4) Repealed.

Colorado § 43-1-123 (Project closure and project reporting requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2016: Entire section added, (SB 16-122), ch. 91, p. 255, � 2, effective April 14. L. 2017: (4) amended, (SB 17-294), ch. 264, p. 1417, � 114, effective May 25; (4) amended, (SB 17-231), ch. 174, p. 634, � 3, effective August 9.