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

Colorado HB 26-1311 allows contractors to use a bond in place of retainage in construction contracts, potentially improving cash flow for construction firms. This change gives project owners and contractors an alternative to the traditional practice of withholding a percentage of contract payments until project completion.

This story was originally published by AGC of America News.