Code of Colorado Regulations
600 - Department of Transportation
601 - Transportation Commission and Office of Transportation Safety
2 CCR 601-15 - REQUIREMENTS FOR PROCUREMENT BY THE COLORADO DEPARTMENT OF TRANSPORTATION OF DESIGN-BUILD CONTRACTS FOR TRANSPORTATION PROJECTS
Section 18 - Controlled Insurance Program
Current through Register Vol. 47, No. 5, March 10, 2024
1. CDOT may implement and use an Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP) for a Transportation Project, or any other alternative Controlled Insurance Program (CIP) approved by the Chief Engineer, in accord with terms and conditions as the Chief Engineer determines appropriate and in the best interests of the State.
2. As part of an OCIP, CDOT may assess charges to the Firm and subcontractors to pay their respective shares of the cost of such insurance, and CDOT may provide financial incentives to the Firm and subcontractors if savings are realized from reduced claims under the OCIP.
