Title 24, Government - State
0 chapters · 2,521 sections in this title.
Colo. Rev. Stat. § 24-91-101 Legislative declaration
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(1) The general assembly hereby declares that retentions in and delays in the completion of construction contracts with public entities are a matter of statewide concern and are affected with the public interest and that the provisions of this article are enacted in the exercise …
Colo. Rev. Stat. § 24-91-102 Definitions
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As used in this article, unless the context otherwise requires: (1) Acceptable securities means: (a) United States bonds, United States treasury notes, or United States treasury bills; (b) General obligation or revenue bonds of this state; (c) General obligation or revenue bonds …
Colo. Rev. Stat. § 24-91-103 Public entity - contracts - partial payments
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(1) (a) A public entity awarding a contract exceeding one hundred fifty thousand dollars for the construction, alteration, or repair of any highway, public building, public work, or public improvement, structure, or system, including real property as defined in section 24-30-1301…
Colo. Rev. Stat. § 24-91-103.5 Public entity - contracts - delay clauses - definition
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(1) (a) Any clause in a public works contract that purports to waive, release, or extinguish the rights of a contractor to recover costs or damages, or obtain an equitable adjustment, for delays in performing such contract, if such delay is caused in whole, or in part, by acts or…
Colo. Rev. Stat. § 24-91-103.6 Public entity - contracts - appropriations - contract modifications - severability - definition
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(1) No public entity shall contract with a designer, a contractor, or a designer and contractor for the construction, the design, or both the construction and design of a public works project unless a full and lawful appropriation when required by statute, charter, ordinance, res…
Colo. Rev. Stat. § 24-91-104 Contract - completion by public entity - partial payments
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If it becomes necessary for a public entity to take over the completion of any contract, all of the amounts owing the contractor, including the withheld percentage, shall be applied: First, toward the cost of completion of the contract; second, toward performance of the public en…
Colo. Rev. Stat. § 24-91-105 Withdrawal by contractor of sums withheld - security deposit required
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The contractor under any contract exceeding one hundred fifty thousand dollars made or awarded by any public entity, pursuant to which sums are withheld to assure satisfactory performance of the contract, may withdraw the whole or any portion of the said sums withheld if the cont…
Colo. Rev. Stat. § 24-91-106 Escrow agreement - authority to enter into - effect on acceptable securities
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(1) A public entity and the contractor may enter into an escrow contract or escrow contract and security agreement with any national bank, state bank, trust company, or savings and loan association located in this state and designated by mutual agreement of the public entity and …
Colo. Rev. Stat. § 24-91-107 Custodian for acceptable securities - collection of interest income - payable to contractor
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The public entity or any national bank, state bank, trust company, or savings and loan association located in this state and designated by mutual agreement of the public entity and the contractor to serve as custodian for the acceptable securities pursuant to section 24-91-106 sh…
Colo. Rev. Stat. § 24-91-108 Retained payments - amount deducted by a public entity
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Any amount deducted by a public entity, pursuant to law or the terms of a contract, from the retained payments otherwise due to the contractor thereunder shall be deducted first from that portion of the retained payments for which no acceptable securities have been substituted an…
Colo. Rev. Stat. § 24-91-109 Retained payments - disbursement
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All retained payments and interest thereon disbursed to any contractor under any contract with a public entity covered under this article shall be disbursed to each subcontractor by the contractor. The disbursement of such retained payments and interest shall be in proportion to …
Colo. Rev. Stat. § 24-91-110 Contracts excepted from article
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The provisions of this article shall not apply in the case of a contract made or awarded by any public entity if a part of the contract price is to be paid with funds from the federal government or from some other source and if the federal government or such other source has requ…