Colo. Rev. Stat. § 24-17-203
Definitions
Colorado · Colorado Revised Statutes Title 24 — Government - State · Status: effective
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- Citation
- Colo. Rev. Stat. § 24-17-203, Definitions, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2301223
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Full text
As used in this part 2, unless the context otherwise requires:
(1) "Contingency-based contract" means a contract entered into by a state agency and a vendor for services that:
(a) Requires all or part of the vendor's compensation to be computed by multiplying a stated percentage times the amount of measurable savings in the state agency's expenditures or costs of operation that are demonstrably attributable to the vendor's services under the contract; and
(b) Is entered into without the authority of a state statute that specifically authorizes the agency to enter into such a contract.
(2) "Office" means the office of state planning and budgeting created in section 24-37-102.