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HB 1311STATE · ColoradoIntroduced

Retainage Surety Bond Construction Contracts

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.)

Voted: 5/7/2026Source

How representatives voted

19 yea·2 nay·1 other

Action history

  • 4/28/2026Sent to the Governor
  • 4/28/2026Signed by the President of the Senate
  • 4/28/2026Signed by the Speaker of the House
  • 4/7/2026Senate Third Reading Passed - No Amendments
  • 4/6/2026Senate Second Reading Passed - No Amendments
  • 3/31/2026Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
  • 3/25/2026Introduced In Senate - Assigned to Finance
  • 3/23/2026House Third Reading Passed - No Amendments
  • 3/20/2026House Second Reading Special Order - Passed with Amendments - Floor
  • 3/18/2026House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole