(1)“Contract” means a contract to construct, alter, or repair a structure on or improvement on real property.
(2)“Contractor” means a person that is a party to a contract with a property owner.
(3)“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.
(4)“Retainage” means a percentage of:
(a)A contract or subcontract price retained from a contractor or subcontractor as assurance that the contract or subcontract will be satisfactorily completed; or
(b)A supply agreement price as assurance that the goods, materials, or equipment meets the specifications necessary for satisfactory performance of a contract or subcontract.
(5)Intentionally left blank —Ed.
(a)“Subcontract” means an agreement:
(I)To perform a portion of the work required by a contract; and
(II)To furnish or perform on-site labor, with or without furnishing materials.
(b)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.
(6)“Subcontractor” means a person that enters into a subcontract with a contractor, a subcontractor, or a subsequent subcontractor.
(7)“Subsequent subcontractor” includes a person who has signed a subcontract with a sub-subcontractor, a sub-sub-subcontractor, or any additional level of subcontractor.
(8)“Supply agreement” means an agreement to provide materials, goods, or equipment to a contractor or subcontractor.
Section 38-46-101 — Definitions,
https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-38.pdf (accessed Oct. 20, 2023).