What is the amount of down payment a contractor can charge in Colorado?

In Colorado, contractors can typically charge a down payment of up to 50% of the total project cost, depending on the type of work and contract terms. However, the Colorado law requires that any advance payment over $1,000 be placed in an escrow account until the work is completed. It's important for homeowners to review the contract carefully and ensure that the terms comply with state regulations. Always consult with a legal professional for specific situations.