1. (1) The CRAU that conducts a Procurement using a Bidding Process shall evaluate bids:

   1. (a) using the objective criteria described in the Invitation for Bids; and
   2. (b) to achieve the greatest long-term value to the CRAU.
2. (2) Criteria not described in the Invitation for Bids may not be used to evaluate a bid.

3. (3) After evaluating bids, the CRAU shall:

   1. (a)(i) award a Contract as soon as practicable to the Responsible Bidder who submits the lowest Responsive bid; and

      1. (ii) publish the name and bid amount of the Bidder to whom the Contract is awarded; or

   2. (b)(i) cancel the Invitation for Bids without awarding a Contract; and

      1. (ii) publish a notice of the cancellation that includes an explanation of the reasons for cancelling the Invitation for Bids.

KEY: Colorado, Bidding Process

Date of Last Change: December 28, 2021

Authorizing, and Implemented or Interpreted Law: 63M-14-206