Colorado § 24-91-102 Definitions

Colorado Statutes

§ 24-91-102 — Definitions

Colorado·Title 24 Government·Art. Construction Contracts with Public Entities

As used in this article, unless the context otherwise requires:

(1)Acceptable securities means:

(a)United States bonds, United States treasury notes, or United States treasury bills;

(b)General obligation or revenue bonds of this state;

(c)General obligation or revenue bonds of any political subdivision of this state;

(d)Certificates of deposit from a state or national bank or a savings and loan association insured by the federal deposit insurance corporation or its successor and having its principal office in this state. (1.5) Construction includes the terms capital construction, capital renewal, and controlled maintenance as defined in section 24-30-1301.

(2)Contractor means any person, company, firm, or corporation which is a party to a contract with a public entity

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As used in this article, unless the context otherwise
requires:

(1) Acceptable securities means:

(a) United States bonds, United States treasury notes, or United States
treasury bills;

(b) General obligation or revenue bonds of this state;

(c) General obligation or revenue bonds of any political subdivision of this
state;

(d) Certificates of deposit from a state or national bank or a savings and loan
association insured by the federal deposit insurance corporation or its successor
and having its principal office in this state.

(1.5) Construction includes the terms capital construction, capital renewal,
and controlled maintenance as defined in section 24-30-1301.

(2) Contractor means any person, company, firm, or corporation which is a
party to a contract with a public entity to construct, erect, alter, install, or repair
any highway, public building, public work, or public improvement, structure, or
system.

(3) Public entity means this state or a county, city, city and county, town, or
district, including any political subdivision thereof.

(4) Subcontractor means and includes any person, company, firm, or
corporation which is a party to a contract with a contractor to construct, erect,
alter, install, or repair any highway, public building, public work, or public
improvement, structure, or system and which, in connection therewith, furnishes
and performs on-site labor with or without furnishing materials.

(5) Substantial completion means the date when the construction is
sufficiently complete, in accordance with the contract documents, as modified by
any change orders agreed to by the parties, so that the work or designated portion
thereof is available for use by the owner.

Colorado § 24-91-102 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 79: Entire article added, p. 995, � 1, effective July 1. L. 84: (1)(d) amended, p. 741, � 1, effective February 23. L. 86: (1)(d) amended, p. 971, � 1, effective July 1. L. 2004: (1)(d) amended, p. 155, � 70, effective July 1. L. 2014: (1.5) added, (HB 14-1387), ch. 378, p. 1851, � 57, effective June 6.