Did you know?The construction industry employs about 9% of the total private workforce, accounting for $7.639 billion of the state’s total payroll.
Did you know?Construction is one of the top industries in Colorado, contributing $12,447 billion (or 5.27%) to Colorado's GDP by state.
Did you know?Every $1 million invested in construction in Colorado increases the state’s total industry output by $2.51 million, increases Colorado household earnings by $0.8667 million, and creates 24 new jobs in Colorado.
Without SB116 many small construction companies will not be able to meet payroll and will have to float the cost of materials. During these difficult economic times, prompt payment is even more imperative.
