1 Colo. Code Regs. § 109-1.05
Contract- Any agreement for public works for a fixed or determinable amount duly awarded after advertisement and competitive bid.
Cost- The total cost of labor, materials, provisions, supplies, equipment rentals, equipment purchases, insurance, supervision, engineering, clerical and accounting services, the value of the use of equipment, including depreciation, owned by a state agency, and reasonable estimates of other administrative costs not otherwise directly attributable to the project which may be reasonably apportioned to such project in accordance with generally accepted accounting principles and standards.
Direct Costs- Those costs that can be specifically and readily identified with a state agency program or activity.
Indirect Costs- A cost incurred by a state agency that cannot be specifically and readily identified with a cost objective and therefore must be allocated on some basis of imputed benefit.
Public Work- Any construction, alteration, repair, or improvement of any land, building, structure, facility, road, highway or other public improvement suitable for and intended for use in the promotion of the public health, welfare, or safety; or maintenance programs for the upkeep of public roads, highways, or bridge structures; except that 'public works' does not include routine maintenance that is not definable by a stop or start time or by geographical limits.
State Agency- A department, division, section, unit, commission, board, bureau, college, university, or institution in Colorado State Government created by law, executive order, or any other authority.
State Financial System- The official financial system for the State of Colorado as prescribed by the State Controller.
1 CCR 109-1.05