Upon the failure or nonperformance in any particular of the terms of any of the contracts on the part of a contractor with the state or for any unreasonable delay in performing the things required under the terms of such contract, the governor may annul the contract in which such default is made, and payment for all work theretofore done by the contractor shall be withheld until the damage to the state is ascertained by proper adjudication, and the executive director of the department of personnel may thereupon readvertise and enter into a contract for the balance of the uncompleted term of any contract so annulled or abrogated in the manner prescribed for contracting by the terms of this part 2.L. 37: p. 956, § 22. CSA: C. 130, § 87. CRS 53: § 109-2-21. C.R.S. 1963: § 109-2-19. L. 81: Entire section amended, p. 1295, § 30, effective 1/1/1982. L. 96: Entire section amended, p. 1528, § 82, effective June 1.
Colorado Legal Code