Following a growing
national trend of providing bid preferences for in-state businesses and
workers, Colorado is poised to consider a bid percentage preference law
for Colorado firms. Senate Bill 1 will be considered when the Colorado
General Assembly convenes on January 11, 2012.
Construction and Service Contracts Affected: The
percentage preference for Colorado firms would vary based on the type
of contract and what commitments the bidders make. Here's a summary of
the percentage preferences proposed:
Award Amounts Could Be Higher: Under
the proposed legislation, a Colorado business could be awarded a
contract even if their bid price was not the low bid. If they qualified
for enough of a percentage preference, their bid could be deemed to be
lower than an out-of-state firm. The Colorado business would be awarded
the project at their actual, higher bid price.
More Information:
- Click here to read an article from The Colorado Statesman on December 16, 2011.
- Visit the Bid Preferences subject index of my blog for additional blog entries about bid preferences across the country: http://publiccontracting.blogspot.com/search/label/Bid%20Preferences.
Mike Purdy's Public Contracting Blog© 2012 by Michael E. Purdy Associates, LLChttp://PublicContracting.blogspot.com
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