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Colo. Rev. Stat. § 24-105-101 Responsibility for selection of methods of construction contracting management
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The executive director may promulgate rules providing for as many alternative methods of construction contracting management as he or she may determine to be feasible. These rules may set forth criteria to be used in determining which method of construction contracting management…
Colo. Rev. Stat. § 24-105-201 Bid security
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(1) 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…
Colo. Rev. Stat. § 24-105-202 Contract performance and payment bonds - applicability
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(1) 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) A performance bond satisfactory to the stat…
Colo. Rev. Stat. § 24-105-203 Bond forms and copies
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(1) 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. (2) 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…