Colorado Code § 37-44-138

Construction contract - bond
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After adopting a plan for the construction of
reservoirs and works for the protection of life and property and to furnish water for the irrigation
of the territory embraced within the boundaries of the internal improvement district, or to drain
lands within or without the boundaries of said district, the board of directors shall give notice, by
publication thereof, not less than twenty days in a newspaper published in the county in which
the office of the internal improvement district is located, provided a newspaper is published
therein, and in such other newspapers as it may deem advisable, calling for bids for the
construction of said works or any portion thereof. If less than the whole work is advertised, then
the portion so advertised must be particularly described in such notice. The notice shall set forth
that plans and specifications may be seen at the office of the board and that the board shall
receive sealed proposals therefor and that the contract will be let to the lowest responsible
bidder, stating the time and place for opening the proposals, which bids at said time and place
shall be opened in public. As soon as convenient thereafter, the board shall let said work, either
in portions or as a whole, to the lowest responsible bidder, or it may reject any or all bids and
readvertise for proposals, or may proceed to construct the work under its own superintendence.
Contracts for the purchase of materials shall be awarded to the lowest responsible bidder. The
person to whom a contract may be awarded shall enter into a bond, with good and sufficient
sureties, to be approved by the board, payable to said district for its use, for not less than ten
percent of the amount of said contract, conditioned for the faithful performance of said contract.
The work shall be done under the direction and to the satisfaction of the engineer in charge and
shall be approved by the board.

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