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CO SB211
Bill
AI Summary
- Department shall update bidding rules regarding prequalification requirements, including contract amounts requiring bidders to submit audited financial statements reviewed by a certified public accountant
- Chief engineer shall develop a policy for evaluating how contractors' previous relevant experience and bonding capacity will be considered when reviewing proposals and bids for public projects
- Act takes effect 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly (August 9, 2017, if adjournment sine die is on May 10, 2017)
- If a referendum petition is filed within the ninety-day period, the act will not take effect unless approved by voters at the November 2018 general election
- Governor John W. Hickenlooper signed the bill
Legislative Description
Contractor Surety Bonds For Public Projects
State Government
Last Action
Governor Signed
6/6/2017
Committee Referrals
Committee of the Whole5/3/2017
Transportation and Energy4/18/2017
Committee of the Whole4/4/2017
Transportation3/3/2017
Full Bill Text
No bill text available