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§ 24-105-201. Bid Security

Bid security shall be required for all invitations for bids for construction contracts when the price is estimated by the procurement agent to exceed fifty thousand dollars. Bid security shall be a bond provided by a surety company authorized to do business in this state, the equivalent in cash, or otherwise supplied in a form […]

§ 24-105-202. Contract Performance and Payment Bonds – Applicability

When a construction contract is awarded in excess of one hundred fifty thousand dollars, the following bonds or security shall be delivered to the state and shall become binding on the parties upon the execution of the contract: A performance bond satisfactory to the state, executed by a surety company authorized to do business in […]

§ 24-105-203. Bond Forms and Copies

The form of bonds required by this part 2 shall be as provided in sections 38-26-105 to 38-26-107, C.R.S. Any person may request and obtain from the state a certified copy of a bond upon payment of the cost of reproduction of the bond and postage, if any. A certified copy of a bond shall […]