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Colorado Revised Statutes Title 29. Government Local § 29-4-109. Construction contracts and costs

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Any contract for the construction of a housing project or any part thereof may be awarded by the city upon any day at least five days, excluding Sundays, after at least one publication of notice requesting bids upon such contract in a newspaper circulating in the city, or if there is no such newspaper, after a posting of such notice in three public places in such city on a date at least five days previous to the award of such contract.

(2) In determining the cost of any housing project, the following items may be included as a part of the cost of such housing project and financed by the issuance of bonds:

(a) Engineering, inspection, accounting, fiscal, and legal expenses;

(b) The cost of issuance of the bonds, including engraving, printing, advertising, accounting, and other similar expenses;

(c) Any interest costs on money borrowed or estimated to be borrowed during the period of construction of the housing project and for six months thereafter.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 29. Government Local § 29-4-109. Construction contracts and costs - last updated January 01, 2025 | https://codes.findlaw.com/co/title-29-government-local/co-rev-st-sect-29-4-109/

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