Code of Colorado Regulations
100 - Department of Personnel and Administration
101 - Division of Finance and Procurement
1 CCR 101-9 - PROCUREMENT RULES
Article 103 - SOURCE SELECTION AND CONTRACT FORMATION
Part 3 - CANCELLATION OF SOLICITATIONS: REJECTION OF BIDS OR PROPOSALS
Section R-24-103-301-02 - Cancellation of Award

An award of a contract under a solicitation may be cancelled, in whole or in part, when the procurement official determines in writing that such action is in the state's best interest. Reasons supporting the cancellation of an award include those identified in rule R- 24-103-301 -01. The cancellation of an award does not require cancellation of the solicitation. No property interest of any nature shall accrue until the awarded contract is approved in accordance with section 24-30-202(2), C.R.S.