Colorado § 24-92-203 - Prevailing rate of wages and other payments - specifications in solicitations and contract.
Full text of Colorado Colorado Revised Statutes § 24-92-203 — Prevailing rate of wages and other payments - specifications in solicitations and contract., with citation guidance and answers to common questions.
§ 24-92-203. Prevailing rate of wages and other payments - specifications in solicitations and contract.
(1) For solicitations issued for public projects on or after January 1, 2022, before awarding any contract for a public project in the amount of five hundred thousand dollars or more, an agency of government shall obtain from the director the general prevailing rate, as determined by the director pursuant to section 24-92-205, of the regular, holiday, and overtime wages paid and the general prevailing payments on behalf of employees to lawful welfare, pension, vacation, apprentice training, and educational funds in the state, for each employee needed to execute the contract for the public project. Payments to the funds must constitute an ordinary business expense deduction for federal income tax purposes by contractors and subcontractors.
(1.5) Repealed.
(2) An agency of government shall specify in the competitive solicitation for a public project in the amount of five hundred thousand dollars or more and in the contract for such public project, the general prevailing rate of the regular, holiday, and overtime wages paid and the payments on behalf of employees to the welfare, pension, vacation, apprentice training, and education funds existing in the geographic locality for each employee needed to execute the contract or work.
(3) The general prevailing rate of the regular, holiday, and overtime wages paid and the payments on behalf of employees to the welfare, pension, vacation, apprentice training, and education funds specified in the competitive solicitation and in the contract for a public project pursuant to subsection (2) of this section shall remain the same for the duration of the work on the public project.
(4) Contracting agencies of government shall not artificially divide public projects to avoid compliance with the requirements of this part 2.
Source: L. 2019: Entire part added, (SB 19-196), ch. 316, p. 2950, § 2, effective August 2. L. 2021: (1) amended and (1.5) added, (HB 21-1319), ch. 305, p. 1830, § 1, effective June 23.
Editor's note: Subsection (1.5)(b) provided for the repeal of subsection (1.5), effective June 30, 2025. (See L. 2021, p. 1830.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-92-203
What does Colorado Revised Statutes § 24-92-203 cover?
Section 24-92-203 ("Prevailing rate of wages and other payments - specifications in solicitations and contract.") 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 § 24-92-203?
A common citation format is "Colorado Revised Statutes § 24-92-203" (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 § 24-92-203 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.