The Colorado subcontractor agreement outlines key details in a working relationship between a general contractor and a hired individual or business (subcontractor). 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 agreement 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 regarding how disputes will be resolved, if the subcontractor may further subcontract their duties, and how the agreement may be terminated should also be detailed in this document.