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  5. ›2024-024P23-01CA / Annex Elevator Modernization

State of Colorado, Office of the State Architect (Department of Personnel & Administration)·Colorado

2024-024P23-01CA / Annex Elevator Modernization

Closes 8/27/2026$2M – $2.5MInvitation for Bid
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Description

The State of Colorado is seeking a qualified contractor to fully modernize four elevators (three gear‑less passenger elevators and one geared freight/service elevator) in the Capitol Annex Building at 1375 Sherman St., Denver. The work includes design, engineering, fabrication, installation, testing, commissioning, and a full preventive‑maintenance service through the warranty period. The building will remain occupied, so work must be phased to maintain elevator service and minimize tenant disruption. The contract value is estimated at $2.23 M; bidders must provide a bid bond (≥5 % of the bid) and performance/payment bonds (≥50 % of contract value). Colorado labor requirements (≥80 % Colorado‑resident workers) and apprenticeship participation are mandatory. The schedule is tight: pre‑bid conference 5 Aug 2026, questions due 14 Aug 2026, bid submission 27 Aug 2026 (11:00 am MT), bid opening 27 Aug 2026 (11:10 am MT), construction start 1 Sep 2026, and final completion 15 Jun 2027. • Full elevator modernization (hardware, controls, doors, pit, wiring). • Compliance with ASME A17.1‑2022 and state GWP limits (Buy Clean Colorado). • Required documentation: bonding, prevailing‑wage certifications, apprenticeship certifications, environmental product declarations. • Mandatory pre‑bid meeting/site tour on 5 Aug 2026. • All work must be performed by contractors meeting minimum experience (≥2 similar projects >$1.5 M) and bonding capacity.

Attached files

Contact

Kaitlin Lucas(Architect)

[email protected]

(303) 866-4619

Key dates

Opened
8/21/2026
Questions due
8/14/2026
Pre-bid meeting
8/5/2026Mandatory
Site visit
8/5/2026Mandatory
Closes
8/27/2026
Duration
39 weeks

Last updated

Details

Type
Invitation for Bid
Industry
Construction
NAICS
238210
Solicitation №
IFB1-AAHA-2027000003-2

Budget estimate

$2,000,000 – $2,500,000

The solicitation lists an estimated project cost of $2,230,000. Because the contract is a design‑bid‑build award, the winning contractor will receive the full contract amount less any required bonds and retainage. Assuming typical retainage of 5‑10 % and that the contractor’s profit margin ranges from 5‑10 %, the net earnings to the contractor are likely to fall between roughly $2.0 M and $2.5 M. Factors influencing the final budget include the final negotiated bid price, any change orders, the cost of required bonding, prevailing‑wage payroll expenses, and the scope of the warranty/maintenance service.

AI estimate from the solicitation

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