Colorado § 24-106-104 - Types of contracts.
Full text of Colorado Colorado Revised Statutes § 24-106-104 — Types of contracts., with citation guidance and answers to common questions.
§ 24-106-104. Types of contracts.
Subject to the limitations of this section, any type of contract which will promote the best interests of the state may be used; except that the use of a cost-plus-a-percentage-of-cost contract is prohibited. A contingency-based contract may be used only upon approval by the governor's office of state planning and budgeting pursuant to section 24-17-204. A cost-reimbursement contract may be used only when a determination is made in writing that such contract is likely to be less costly to the state than any other type of contract or that it is impracticable to obtain the supplies, services, or construction required unless the cost-reimbursement contract is used.
Source: L. 2017: Entire section added with relocated provisions, (HB 17-1051), ch. 99, p. 331, § 38, effective August 9.
Editor's note: This section is similar to former § 24-103-501 as it existed prior to 2017. For a detailed comparison of this section, see the comparative tables located in the back of the index.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-106-104
What does Colorado Revised Statutes § 24-106-104 cover?
Section 24-106-104 ("Types of contracts.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-106-104?
A common citation format is "Colorado Revised Statutes § 24-106-104" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-106-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.