Colorado Code § 24-92-103

Construction of public projects - invitation for bids
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(1) All construction
contracts for public projects that do not receive federal moneys may be solicited by invitation for
bids pursuant to this section.
(2) An invitation for bids shall be issued and shall include a project description and all
contractual terms and conditions applicable to the public project.
(3) Adequate public notice of the invitation for bids shall be given at least fourteen days
prior to the date set forth therein for the opening of bids, pursuant to rules. Such notice may
include publication by electronic online access pursuant to section 24-92-104.5 or in a
newspaper of general circulation at least fourteen days prior to bid opening or in an electronic
medium approved by the executive director of the department of personnel.
(4) Bids shall be opened publicly in the presence of one or more witnesses at the time
and place designated in the invitation for bids. The amount of each bid and such other relevant
information as may be specified by rules, together with the name of each bidder, shall be entered
on a record, and the record shall be open to public inspection. After the time of the award, all
bids and bid documents shall be open to public inspection in accordance with the provisions of
sections 24-72-203 and 24-72-204.
(5) Bids shall be unconditionally accepted, except as authorized by subsection (7) of this
section. Bids shall be evaluated based on the requirements set forth in the invitation for bids,
which may include criteria to determine acceptability, such as inspection, testing, quality,
workmanship, delivery, and suitability for a particular purpose. Those criteria that will affect the
bid price and be considered in the evaluation for award shall be objectively measurable, such as
discounts, transportation costs, and total or life-cycle costs.
(6) Withdrawal of inadvertently erroneous bids before the award may be permitted
pursuant to rules if the bidder submits proof of evidentiary value which clearly and convincingly
demonstrates that an error was made. Except as otherwise provided by rules, all decisions to
permit the withdrawal of bids based on such bid mistakes shall be supported by a written
determination made by the responsible officer.
(7) The contract shall be awarded with reasonable promptness by written notice to the
low responsible bidder whose bid meets the requirements and criteria set forth in the invitation
for bids. In the event that all bids for a construction project exceed available funds, as certified
by the appropriate fiscal officer, the responsible officer is authorized, in situations where time or
economic considerations preclude resolicitation of work of a reduced scope, to negotiate an
adjustment of the bid price with the low responsible bidder in order to bring the bid within the
amount of available funds; except that the functional specifications integral to completion of the
project may not be reduced in scope, taking into account the project plan, design, and
specifications and quality of materials.

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