2 Colo. Code Regs. § 601-10-4.12
Current through Register Vol. 47, No. 11, June 10, 2024
Section 2 CCR 601-10-4.12 - Consideration of Bids4.12.1 After the Bids are opened, the Bids will be reviewed to determine if the Low Apparent Bidder's total Bid is no more than 10% over the Department's project budget. All Bids will be compared on the basis of the summation of the mathematical products of the estimated quantities shown in the Bid schedule and the unit Bid prices and any adjustments indicated by the specifications or, pursuant to Section 4.13 in the case of exclusively state funded projects that are advertised as CSBV projects. The results of such comparisons will be made available to the public no later than the date of Award of the contract. (a) In the event of a discrepancy between unit Bid price and the mathematical products of the unit Bid price and the estimated quantities in the Bid schedule, the unit Bid price shall govern.(b) In the event of Low Tie Bids, a drawing shall be conducted to determine the Low Apparent Bidder. The result for the drawing shall be certified on the Bid tabulation.(c) In the event the Low Apparent Bidder is more than 10% over the Department's project budget, the Bid amount shall not be published on the date of the Bid opening. The Low Apparent Bidder shall be disclosed on CDOT's website at https://www.codot.gov/business/bidding, but the bid shall only be disclosed upon verification by the Department that funds are available to award the project.41 CR 17, September 10, 2018, effective 9/30/2018