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Home » US Law » 2022 Colorado Code » Title 24 - Government - State » Article 106 - Modification and Termination of Contracts

§ 24-106-102. Supplementary General Principles of Law Applicable

Unless displaced by the particular provisions of this code, the principles of law and equity, including the “Uniform Commercial Code”, the law merchant, and any law relative to capacity to contract, agency, fraud, misrepresentation, duress, coercion, mistake, or bankruptcy shall supplement the provisions of this code. Source: L. 2017: Entire section added with relocated provisions, […]

§ 24-106-103. Centralized Contract Management System – Personal Services Contracts – Legislative Declaration – Definitions

The general assembly hereby finds and declares that by enacting this section the general assembly intends to centralize the location of information about personal services contracts and provide for legislative, executive, and public access to all personal services contracts entered into by any governmental body. For purposes of this section, “governmental body” shall have the […]

§ 24-106-104. Types of Contracts

Subject to the limitations of this section, any type of contract which will promote the best interests of the state may be used; except that the use of a cost-plus-a-percentage-of-cost contract is prohibited. A contingency-based contract may be used only upon approval by the governor’s office of state planning and budgeting pursuant to section 24-17-204. […]

§ 24-106-105. Multiyear Contracts

Unless otherwise provided by law, a contract for supplies or services may be entered into for any period of time deemed to be in the best interests of the state if the term of the contract and conditions of renewal or extension, if any, are included in the solicitation and if funds are available for […]

§ 24-106-106. Right to Audit Records

The state shall be entitled to audit the books and records of any contractor or subcontractor under any negotiated contract or subcontract to the extent that the books and records relate to the performance of a state contract or subcontract, if the state is able, in conducting any such audit, to maintain the confidentiality of […]

§ 24-106-107. Monitoring of Vendor Performance – Definitions

For purposes of this section, “governmental body” has the same meaning as set forth in section 24-101-301 (18); except that, for purposes of this section, “governmental body” shall also include elected officials. Each personal services contract entered into pursuant to this code with a value of one hundred thousand dollars or more shall contain: Performance […]

§ 24-106-108. Administrative Rules – Cost Reimbursement

The executive director may promulgate rules setting forth cost principles which may be used to determine the allowability of incurred costs for the purpose of reimbursing costs under contract provisions which provide for the reimbursement of costs. Source: L. 2017: Entire section added with relocated provisions, (HB 17-1051), ch. 99, p. 331, § 38, effective […]

§ 24-106-109. Terms and Conditions in Contracts

Any term or condition in any contract entered into by the state that requires the state to indemnify or hold harmless another person, except as otherwise authorized by law, or by which the state agrees to binding arbitration or any other binding extra-judicial dispute resolution process in which the final resolution is not determined by […]