Official record
Measure details
- Jurisdiction
- Colorado
- Session
- 2026A
- Chamber
- lower
- Classification
- bill
- Subjects
- Housing, Labor & Employment, Professions & Occupations
- Introduced / first action
- 2026-03-02 00:00:00
Source-supplied abstracts
Under Colorado law, a private property owner is prohibited from retaining more than 5% of a construction contract as retainage if the contract is at least $150,000. The act authorizes a contractor to submit a retainage bond in lieu of withholding retainage, and a private property owner must accept the retainage bond and not withhold the retainage if the retainage bond meets the act's standards. A subcontractor may require the contractor to submit a bond in lieu of retainage for the subcontractor's portion of the retainage. The contractor may require the subcontractor to submit a like bond to the contractor.(Note: This summary applies to this bill as enacted.)
Sponsors
- M. Carter (primary), sponsor
- M. Duran (primary), sponsor
- S. Bright (primary), sponsor
- M. Snyder (primary), sponsor
- R. Gonzalez, cosponsor
- B. Titone, cosponsor
- J. Amabile, cosponsor
- A. Benavidez, cosponsor
- J. Coleman, cosponsor
- L. Cutter, cosponsor
- T. Exum, cosponsor
- L. Frizell, cosponsor
- J. Gonzales, cosponsor
- I. Jodeh, cosponsor
- C. Kipp, cosponsor
- C. Kolker, cosponsor
- R. Rodriguez, cosponsor
- K. Wallace, cosponsor