Colorado § 24-70-208 - Bid guarantee - opening bid.
Full text of Colorado Colorado Revised Statutes § 24-70-208 — Bid guarantee - opening bid., with citation guidance and answers to common questions.
§ 24-70-208. Bid guarantee - opening bid.
The executive director of the department of personnel, in the case of classes one, two, or three, shall consider only bids which are accompanied by a bid guarantee satisfactory to the executive director, in the sum of at least five percent of the established value of the contract, conditioned that the person making the bid, if the contract is awarded him or her, within ten days after notification that his or her bid has been accepted, will enter into such contract in accordance with his or her bid or proposal and in accordance with the provisions of this part 2 and all specifications submitted by the executive director of the department of personnel.
Source: L. 37: p. 950, § 10. CSA: C. 130, § 75. CRS 53: § 109-2-9. L. 63: p. 272, § 9. C.R.S. 1963: § 109-2-8. L. 81: Entire section amended, p. 1293, § 23, effective January 1, 1982. L. 96: Entire section amended, p. 1526, § 77, effective June 1.
Frequently Asked Questions About Colorado § 24-70-208
What does Colorado Revised Statutes § 24-70-208 cover?
Section 24-70-208 ("Bid guarantee - opening bid.") 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 § 24-70-208?
A common citation format is "Colorado Revised Statutes § 24-70-208" (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 § 24-70-208 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.