Web5% Retainage will be required Payment and Performance Bond will be required. In lieu of a payment and performance bond, the Contractor may request the County instead withhold 10% retainage until all requirements for release of retainage have been met. The County shall waive retainage and bonding but will retain the right of recovery against the WebThe following provisions apply if Department withholds retainage under this Agreement: Retainage. The Owner will withhold from each progress payment, as retainage, 5 percent of the total earned amount, or the amount authorized by law. Retainage is managed in conformance with Tex. Gov’t Code, Chapter 2252, Government Code, subchapter B. …

MRSC - What to Consider When Waiving Retainage and Bonds

WebJul 17, 2014 · SSB 6110 makes two significant changes to Washington’s bonding laws: First, the legislation would eliminate any discretion on the part of a public agency in accepting … WebChapter 60.04 RCW: MECHANICS' AND MATERIALMEN'S LIENS (12) ... the lessee of an rental equipment to selection up this device, whichever happens first. 53.025. … the groove fitness studio

Title 50 RCW: UNEMPLOYMENT COMPENSATION - Washington

Web(3) On contracts of one hundred fifty thousand dollars or less, at the option of the contractor or the general contractor/construction manager as defined in RCW 39.10.210, the … WebPerformance and Payment Bond or [ ] waive the Performance and Payment Bond and have Kitsap Transit withhold 10% retainage. Retainage will be released upon receipt of … Websubcontractor receives its share of the retainage from the prime contractor or a different subcontractor, and to pay interest on the retainage withheld at the statutory rate set forth … the bank building miami