C.R.S. Section 38-46-101

As used in this article 46, unless the context otherwise requires:


“Contract” means a contract to construct, alter, or repair a structure on or improvement on real property.


“Contractor” means a person that is a party to a contract with a property owner.


“Property owner” means a private person with an interest, including a leasehold interest, in real property or in a real property fixture that has entered into a contract with a contractor.


“Retainage” means a percentage of:


A contract or subcontract price retained from a contractor or subcontractor as assurance that the contract or subcontract will be satisfactorily completed; or


A supply agreement price as assurance that the goods, materials, or equipment meets the specifications necessary for satisfactory performance of a contract or subcontract.


Intentionally left blank —Ed.


“Subcontract” means an agreement:


To perform a portion of the work required by a contract; and


To furnish or perform on-site labor, with or without furnishing materials.


To be a subcontract, an agreement need not be made directly with a contractor; the agreement may be made with a subcontractor or a subsequent subcontractor.


“Subcontractor” means a person that enters into a subcontract with a contractor, a subcontractor, or a subsequent subcontractor.


“Subsequent subcontractor” includes a person who has signed a subcontract with a sub-subcontractor, a sub-sub-subcontractor, or any additional level of subcontractor.


“Supply agreement” means an agreement to provide materials, goods, or equipment to a contractor or subcontractor.

Source: Section 38-46-101 — Definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-38.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 38-46-101’s source at colorado​.gov