Stipulated fee

Colo. Rev. Stat. § 43-1-1407, under Transportation.

Colo. Rev. Stat. § 43-1-1407

At its discretion, the department may award a stipulated fee to the design-build firms that submit responsive proposals but that are not awarded the design-build contract for a transportation project. The department shall not be required to award such stipulated fee, but if it elects to award such fee for a transportation project, the department shall identify the availability and the amount of such fee in its request for proposals.

Source: L. 99: Entire part added, p. 260, � 1, effective April 9.