State Government / Colorado / Legislation / HB 1311
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.)
Current stage
Became law
Introduced
Mar 2, 2026
Latest action
May 7, 2026
Recorded roll calls
3
Civixly topics
Source subjects
Document type
Primary sponsors are listed before cosponsors and other sponsoring entities.
R. Gonzalez
Newest action first. Action language is supplied by the state source.
Governor Signed
Signed by the Speaker of the House
Signed by the President of the Senate
Sent to the Governor
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
Introduced In Senate - Assigned to Finance
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Floor
House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Business Affairs & Labor
The newest recorded chamber votes appear first. Your own representatives are highlighted when available.
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