Section 38-46-101 - DefinitionsAs used in this article 46, unless the context otherwise requires:
(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)(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.Added by 2021 Ch. 146,§1, eff. 9/7/2021.L. 2021: Entire article added, (HB 21-1167), ch. 859, p. 859, § 1, effective September 7. 2021 Ch. 146, was passed without a safety clause. See Colo. Const. art. V, § 1(3).