(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 subsection (1)(a) of this section, notwithstanding that the subcontract price is less than one hundred fifty thousand dollars; and(c) A supply agreement that is made to supply materials, goods, or equipment used to perform a contract notwithstanding that the supply agreement price is less than one hundred fifty thousand dollars.(2) This article 46 does not apply to:(a) A single contract that governs the building of either: (I) One single-family dwelling; or(II) One multifamily dwelling with no more than four family dwelling units; or(b) A contract with a public entity, as defined in section 24-91-102(3).Added by 2021 Ch. 146,§1, eff. 9/7/2021.L. 2021: Entire article added, (HB 21-1167), ch. 860, p. 860, § 1, effective September 7. 2021 Ch. 146, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
Colorado Legal Code