(a) An appeal from a decision of the procurement officer of a claim involving a construction contract shall be resolved by
(1) binding and final arbitration under AS 09.43.010 - 09.43.180 (Uniform Arbitration Act) or AS 09.43.300 - 09.43.595 (Revised Uniform Arbitration Act), as applicable, if the claim is
(A) less than $250,000 and the contractor requests arbitration of the claim; or
(B) $250,000 or more and both the agency and the contractor agree to arbitration of the claim; or
(2) a hearing under AS 36.30.630 if the claim is not handled by arbitration under (1) of this subsection.
(b) In this section, a claim includes all issues, causes of action, and controversies arising from a construction contract for which a contractor or the contracting agency asserts compensation is due.
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