Looks like the Colorado legislature is tackling retainages in commercial contracts. Retainage is a portion of the contract price withheld from a contractor as a way to make sure that the contractor will complete the job properly. Retainage is usually set between 5% and 10%. It is common in public construction projects where stateGo to Resource
Category: Legislative Miscellaneous
Back in 2013, HB-1276 was adopted in the Colorado legislature, which required an overhaul of Collection Policies and pre-collection procedures. That change took effect on January 1, 2014. Now that it’s been 7 years and several new laws that impact Associations later, it’s easy to lose track of the details. We’ve seen aGo to Resource
A few weeks ago, we let you know that the anticipated CCIOA transparency bill was introduced. We have now had the opportunity to review, digest, and comment upon HB 21-1229, coming in at a mind-blowing 27 pages and with 19 unique sections. While this bill was intended to improve the Common Interest Community laws,Go to Resource
As a result of the Global Pandemic, Colorado’s legislative season of 2020 was thrown into chaos. Many bills that were introduced were either delayed, stripped down or pulled by the bill sponsor. Last year’s CCIOA Transparency Responsibility Competency bill, HB20-1333, was no exception. With an extra year to work on the bill, Rep.Go to Resource
Having reconvened on May 26, 2020 following the roughly two-month long COVID-19 recess, the Colorado General Assembly officially adjourned sine die on Monday, June 15, 2020. Considering the impact of the COVID-19 crisis, Colorado’s legislature was forced to make difficult fiscal and policy decisions during its last weeks of business. Throughout the session,Go to Resource