ColoradoRetainage Surety Bond Construction Contracts
What it does
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.
More detail
The contractor may require the subcontractor to submit a like bond to the contractor.(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 7Governor Jared Polis SignedBecame Law
- Apr 28Signed by the Speaker of the HouseMajor
- Apr 28Signed by the President of the SenateMajor
- Apr 28Sent to the GovernorTo Governor
- Apr 7Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 6Senate Second Reading Passed - No AmendmentsMinor
- Mar 31Senate Committee on Finance Refer Unamended to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1311 to the Committee of the Whole. Result: pass.Upper
- Mar 25Introduced In Senate - Assigned to FinanceMinor
- Mar 23House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Mar 20House Second Reading Special Order - Passed with Amendments - Floor
- Mar 18House Committee on Business Affairs & Labor Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1311 to the Committee of the Whole. Result: pass.Lower
- Mar 2Introduced In House - Assigned to Business Affairs & LaborIntroduced