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Section 29-1-705 - Agency of local government to submit cost estimate — Colorado Law | CourtGPT
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  8. Section 29-1-705 - Agency of local government to submit cost estimate
Colorado Legal Code

Section 29-1-705 - Agency of local government to submit cost estimate

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(1) Whenever an agency of local government proposes to undertake the construction of a state-funded public project, by any means or method other than by a contract awarded by competitive bid, it shall prepare and submit a cost estimate in the same manner as other bidders. Such agency of government itself may not undertake the proposed state-funded public project unless it shows the lowest and most responsive cost estimate.(2) Agencies of local government shall not be required to be bonded when performing the work on a state-funded public project.L. 89, 1st Ex. Sess.: Entire part added, p. 65, § 21, effective 1/1/1990.