Current through Register Vol. 48, No. 1, January 10, 2025
Section R-24-105-201 - Acceptable Bid SecurityBid security is submitted as a guarantee that the bid or proposal will be maintained in full force and effect for a period of thirty (30) days after the opening of the bids or proposals or as specified in the solicitations. Acceptable bid security shall be limited to:
(a) A one-time bid bond underwritten by a company licensed to issue bid bonds in the state of Colorado, and in the form prescribed in section 24-105-203, C.R.S.; or(b) A bank cashier's check made payable to the treasurer of the state of Colorado; or(c) A bank certified check made payable to the treasurer of the state of Colorado.38 CR 15, August 10, 2015, effective 8/31/201541 CR 17, September 10, 2018, effective 10/1/201846 CR 11, June 10, 2023, effective 7/1/2023