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