Definitions

C.R.S. § 24-17-203
in effect
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24-17-203. Definitions. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-24.docx#24-17-203Fetched: 10/6/2026

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