Colorado Code § 24-103-201.5

Market research - request for information
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(1) A procurement official
may conduct market research prior to selecting a method of source selection pursuant to this part
2. The executive director may promulgate rules in accordance with the "State Administrative
Procedure Act", article 4 of this title 24, to further define methods of conducting market
research.
(2) A request for information may be used as a method to obtain preliminary information
about a market or type of available service or product when there is not enough information
readily available to write an adequate specification or statement of work. A request for
information may ask for input from potential vendors to assist the state in preparing a
specification or statement of work for a subsequent solicitation and may ask for pricing
information only with the provision that such information would be submitted voluntarily. The
request for information must clearly state that no award will result from the request.
(3) When market research has been conducted, the governmental body is not obligated to
commit to a method of source selection and may determine that it will not pursue a procurement.
(4) All responses to requests for information are confidential until after an award based
on a subsequent solicitation has been made or until the procurement official determines that the
state will not pursue a solicitation based on the request for information. After such time, the
responses to a request for information shall be open to public inspection in accordance with the
provisions of the "Colorado Open Records Act", part 2 of article 72 of this title 24.

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