COLORADO—HB14-1387—PAYMENT BOND THRESHOLD

The threshold for requiring a payment bond increased to $150,000 on state contracts.

Colorado HB14-1387, effective June 6, 2014, includes a provision that a payment bond must be obtained for state projects exceeding $150,000.00.  The Act also increases the contract threshold for which the awarding authority must publish a notice of final settlement.  Click here for legislation

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