Terms Used In Utah Code 11-39-104

• Bid limit: means :
       (1)(a) for a building improvement:

            (1)(a)(i) for the year 2003, $40,000; and

            (1)(a)(ii) for each year after 2003, the amount of the bid limit for the previous year, plus an amount calculated by multiplying the amount of the bid limit for the previous year by the lesser of 3% or the actual percent change in the Consumer Price Index during the previous calendar year; and
       (1)(b) for a public works project:

            (1)(b)(i) for the year 2003, $125,000; and

            (1)(b)(ii) for each year after 2003, the amount of the bid limit for the previous year, plus an amount calculated by multiplying the amount of the bid limit for the previous year by the lesser of 3% or the actual percent change in the Consumer Price Index during the previous calendar year. See Utah Code 11-39-101
• Contract: A legal written agreement that becomes binding when signed.
• Emergency repairs: means a building improvement or public works project undertaken on an expedited basis to:
       (6)(a) eliminate an imminent risk of damage to or loss of public or private property;
       (6)(b) remedy a condition that poses an immediate physical danger; or
       (6)(c) reduce a substantial, imminent risk of interruption of an essential public service. See Utah Code 11-39-101
• Local entity: means a county, city, town, special district, or special service district. See Utah Code 11-39-101
• Property: includes both real and personal property. See Utah Code 68-3-12.5