C.R.S. Section 24-103-202.3
Invitation for best value bids

(1)

When, pursuant to rules, the chief procurement officer or a procurement official determines in writing that the use of an invitation for best value bids is advantageous to the state, a contract may be solicited by invitation for best value bids.

(2)

An invitation for best value bids shall be made in the same manner as provided in section 24-103-202 (2), (3), and (4).

(3)

Intentionally left blank —Ed.

(a)

The chief procurement officer or procurement official may allow a bidder to submit prices for enhancements, options, or alternatives to the base bid for a commodity or service that will result in a product or service to the state having the best value at the lowest cost. The invitation for best value bids must clearly state the purchase description of the commodity or service being solicited and the types of enhancements, options, or alternatives that may be bid; except that the functional specifications integral to the commodity or service may not be reduced.

(b)

Prices for enhancements, options, or alternatives to the bid may be evaluated by the chief procurement officer or procurement official to determine whether the total of the bid price and the prices for enhancements, options, or alternatives provide a contract with the best value at the lowest cost to the state. This evaluation shall be made utilizing the rules of the executive director of the department of personnel promulgated pursuant to subsection (3)(d) of this section.

(c)

A contract may be awarded to a bidder where the total amount of a bid price and the prices for enhancements, options, or alternatives of the bidder exceed the total amount of the bid price and the prices for enhancements, options, or alternatives of another bidder if it is determined pursuant to subsection (3)(b) of this section that the higher total amount provides a contract with the best value at the lowest cost to the state.

(d)

The executive director of the department of personnel shall promulgate rules to be utilized by the chief procurement officer or procurement official in making the evaluation pursuant to subsection (3)(b) of this section. The rules shall provide:

(I)

Criteria for objectively measuring prices for enhancements, options, or alternatives to a bid, including relevant formulas or guidelines;

(II)

Criteria for objectively determining whether the prices for enhancements, options, or alternatives provide the best value at the lowest cost to the state.

(4)

The contract shall be awarded with reasonable promptness by written notice to the bidder whose bid provides for a contract with the best value at the lowest cost to the state.

Source: Section 24-103-202.3 — Invitation for best value bids, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑103‑201
Methods of source selection 24‑103‑201.5
Market research - request for information 24‑103‑202
Invitation for bids 24‑103‑202.3
Invitation for best value bids 24‑103‑203
Requests for proposals 24‑103‑204
Small purchases 24‑103‑205
Sole source procurement 24‑103‑206
Emergency procurements 24‑103‑208
Other procurement methods 24‑103‑301
Cancellation of invitations for bids or requests for proposals 24‑103‑401
Responsibility of bidders and offerors 24‑103‑402
Prequalification of suppliers 24‑103‑403
Cost or pricing data 24‑103‑701
Finality of determinations 24‑103‑702
Reporting of anticompetitive practices 24‑103‑801
Legislative declaration 24‑103‑802
Definitions 24‑103‑803
Nonprofit agencies - self-certified vendor list - creation 24‑103‑804
Services solicitations - categorical identification 24‑103‑805
Contract set asides - bid process created by department of personnel - obligation of state agencies - rules 24‑103‑806
Compliance with state and federal laws 24‑103‑901
Procurement preferences and goals 24‑103‑902
Low tie bids - award procedure and determination - bid preference 24‑103‑903
State purchases of recycled paper and recycled products - definitions 24‑103‑904
Purchasing preference for environmentally preferable products - definitions 24‑103‑905
Service-disabled veteran-owned small businesses - state procurement preference - definitions 24‑103‑906
Bid preference - state contracts 24‑103‑907
Preference for state agricultural products 24‑103‑908
Bid preferences - resident bidder - public projects - report - federal and state law - definitions 24‑103‑909
Bid preference - recycled plastic products 24‑103‑910
Use of foreign-produced goods - iron, steel, and related manufactured products - disclosure - report - definitions 24‑103‑911
Preference for internet service providers that certify compliance with open internet protections - definitions 24‑103‑1001
Legislative declaration 24‑103‑1002
Definitions 24‑103‑1003
Disparity study - report 24‑103‑1004
Requests for information - disparity study 24‑103‑1101
Short title 24‑103‑1102
Legislative declaration 24‑103‑1103
Definitions 24‑103‑1104
State procurement equity program - established - goal - preliminary implementation maximization of contracting opportunities - expansion of historically underutilized business registry - real-time solicitation assistance help desk - bond assistance program - cash fund - report 24‑103‑1105
State procurement equity program implementation - stakeholder group - recommendations - report - legislative declaration
Green check means up to date. Up to date

Current through Fall 2024

§ 24-103-202.3’s source at colorado​.gov