Colorado House Bill HB 26-1311, Concerning the Use of a Bond in Lieu of Retainage In Construction Contracts

Colorado House Bill HB 26-1311 allows contractors to use performance bonds as an alternative to retainage in construction contracts, potentially improving cash flow for subcontractors and suppliers. The bill gives project owners the option to accept bonded security instead of holding back a percentage of contract payments.

This story was originally published by AGC of America News.