Colorado Code § 24-109-503

Protest - remedies following an award - ratification by chief
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procurement officer. If the procurement official determines that the solicitation or award is in
violation of this code, the procurement official may cancel or terminate such solicitation or
award, direct the governmental body to modify such solicitation or award to eliminate the
violations, or if the procurement official determines that the solicitation or award is in the best
interests of the state, the procurement official may submit the recommendation to ratify the
solicitation or award to the executive director or the chief procurement officer or a designee of
either officer. If the executive director or chief procurement officer or a designee of either officer
elects to ratify the solicitation or award, the aggrieved party who should have been awarded the
contract under the solicitation, but was not, shall be entitled to costs as set forth in section 24-
109-505. The acceptance of costs by the aggrieved party constitutes a waiver of the right to
appeal the determination of the executive director or the chief procurement officer or a designee
of either officer.

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