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Colo. Rev. Stat. § 38-46-101 Definitions
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As 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 me…
Colo. Rev. Stat. § 38-46-102 Applicability of article
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(1) Except as provided in subsection (2) of this section, this article 46 applies to: (a) A contract that: (I) Has a price of at least one hundred fifty thousand dollars; and (II) Is made between a property owner and a contractor; (b) A subcontract to a contract described in subs…
Colo. Rev. Stat. § 38-46-104 Lien waivers
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To receive payment under this article 46, the recipient of the payment must provide an executed lien waiver for amounts actually paid if required by the contract, subcontract, or supply agreement. Source: L. 2021: Entire article added, (HB 21-1167), ch. 146, p. 861, � 1, effectiv…