Owner to Prime Contractor (Private): N/A
Prime Contractor to Subcontractor (Private): N/A
Interest/Penalties (Private): N/A
Owner to Prime Contractor (Public): For projects with a value exceeding $150,000, at the end of each calendar month or as soon thereafter as practicable.
Prime Contractor to Subcontractor (Public): 7 days after receipt of payment from the owner.
Interest/Penalties (Public): Subcontractor: interest at a rate of 15% per year or the amount specified in the contract, whatever is higher.
Pay-If-Paid Permissible: Yes.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by Colorado since that date. Visit our 50-State Construction Law Map for information on other states.