In Byerly v. Bank of Colorado, et al., 2013 COA 35, a division of the Colorado Court of Appeals held that the value of a general contractor's mechanic's lien is always limited to the contract price, even where the owner has not filed the contract with the clerk and recorder's office. Thus, the language in C.R.S. § 38-22-101(3) providing that "such persons shall have a lien for the value thereof" when the contract is not filed applies only to subcontractors and material suppliers. As such, the general contractor's mecanics' lien recorded for the "value" of the general contractor's work instead of the amount allowed under its contract was excessive.