R-24-103-202.3-01

Current through Register Vol. 48, No. 1, January 10, 2025

Section R-24-103-202.3-01 - Definitions

For purposes of section 24-103-202.3, C.R.S., and rules R- 24-103-202.3 through R- 24-103-202.3 -03, the following definitions apply.

(a) "Base bid" means the minimum functional requirements set forth in the bid, as issued by the state.

(b) "Enhancements" means components, services, or products that exceed the minimum functional requirements and would improve the quality of the products or services being procured by the state.

(c) "Options" means choices of additional components, services, or products that would provide increased value to the state beyond the base bid.

(d) "Alternatives" means a different product or service that meets or exceeds the functional requirements of the base bid.

(e) "Best value" means the lowest overall cost to the state after taking into consideration costs, benefits, and savings.

R-24-103-202.3-01

38 CR 15, August 10, 2015, effective 8/31/2015

41 CR 17, September 10, 2018, effective 10/1/2018

46 CR 11, June 10, 2023, effective 7/1/2023