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Penalties for using an illegal construction contract in Colorado:
- Omission of a disclaimer creates an implied warranty of workmanlike construction suitable for habitation.
- An interest rate of 15% is imposed when payment terms on a public project don't comply with Colorado Revised Statutes Section 24-91-103
- Any clause in a public construction contract which would prohibit claims for delay is void under Colorado Revised Statutes Section 24-91-103.5
- Any clause in a construction contract which would indemnify someone for their own negligence is void under Colorado Revised Statutes Section 13-21-111.5(6).
- Failure to make federal truth-in-lending disclosures requires restitution of the overcharge and makes the creditor liable for the debtor's attorney fees.
- Failure to include the disclosures required by 12 Code of Federal Regulations Section 226.15 extends the right of rescission to three years (rather than three days).
- Omitting insulation disclosures required by 16 Code of Federal Regulations Section 460 can result in an $11,000 fine.
The contracts linked below will help Colorado contractors avoid these penalties by complying with state and federal law.
The contracts linked below also comply with current Colorado and federal court decisions.
The contracts linked below comply with the following Colorado and federal laws:
- Choice of law -- Colorado Revised Statutes Section 13-21-111.5(6)(g)
- Construction Defect Action Reform Act -- Colorado Revised Statutes Sections 13-20-801 to 13-20-807
- Contractor claims for delay -- Colorado Revised Statutes Section 24-91-103.5
- Contractual waiver of lien rights -- Colorado Revised Statutes Section 38-22-119
- Differing site conditions -- Colorado Revised Statutes section 24-105-301
- Excavation -- Colorado Revised Statutes Section 9-1.5-103-3
- Indemnity – Colorado Revised Statutes Sections 13-21-111.5(6) and 13-50.5-102(8)
- Insulation disclosure -- 16 Code of Federal Regulations Section 460
- Interest rate -- Colorado Revised Statutes Section 5-12-101
- Payments held in trust -- Colorado Revised Statutes Section 38-22-127
- Retainage -- Colorado Revised Statutes Sections 24-91-103 and 24-91-105
- Right of rescission -- 12 Code of Federal Regulations Section 226.15
- Statute of limitations -- Colorado Revised Statutes Sections 13-80-101(1)(a) and 13-80-104
- Truth-in-lending -- 15 United States Code Section 1638
- Usury -- Colorado Revised Statutes Section 18-15-104-1
Return to Penalties for Illegal Contracts in Colorado.
The contracts linked below conform with current Colorado and federal court decisions.
The contracts linked below comply with the following Colorado and federal court decisions:
- Changes in the work -- Sisters of Charity v. Burke, 22 Colo. App. 230, 1912
- Contractor claims for delay -- Melka Marine Inc. v. United States, 187 F.3d 1370, 1999
- Contractor claims for delay -- W. C. James, Inc. v. Phillips Petroleum Co., 347 F. Supp. 381, 1972
- Defects in the plans -- Klipfel v. Neill, 30 Colo. App. 428, 1972
- Implied warranty -- A.C. Excavating v. Yacht Club II Homeowners Ass'n, 114 P.3d 862, 2005
- Implied warranty -- Carpenter v. Donohoe, 154 Colo. 78, 1964
- Implied warranty -- Town of Alma v. Azco Construction Inc., 985 P.2d 56, 1999
- Indemnity -- United Cable TV of Jeffco v. Montgomery LC, Inc., 942 P.2d 1230, 1996
- Liquidated damages -- Medema Homes, Inc. v. Lynn, 647 P.2d 664, 1982
- Misuse of trust funds -- People v. Brand, 43 Colo. App. 347, 1979
- Pay only if paid -- Main Electric, Ltd. v. Printz Services Corp., 980 P.2d 522, 1999
- Statute of limitations -- Atchison, T. & S. F. R. Co. v. Baldwin, 53 Colo. 416, 1911
- Warranty -- Belt v. Spencer, 41 Colo. App. 227, 1978
- Warranty -- Duncan v. Schuster-Graham Homes, 194 Colo. 441, 1978
Return to Penalties for Illegal Contracts in Colorado.
Return to construction contract laws in Colorado.
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