The Colorado subcontractor agreement sets in place a working relationship between a general contractor and the individual/business (subcontractor) they hire to help complete a project. General contractors typically execute this document on large projects requiring specific work that they don’t have the time or skill set to complete (e.g., electrical work on a construction job).
Once signed, the subcontractor will be required to perform the duties in the agreed-upon timeframe. Concurrently, the general contractor will compensate the subcontractor at either an hourly rate or a fixed amount for services rendered. Other important details relayed in the contract include how disputes will be resolved, if the subcontractor may further subcontract their duties, and how the agreement may be terminated by either party.