Washington Approval of Employment and Related Agreements

Q: What is the retainage for public works in Washington state?

Washington&#039;s retainage limits and deadlines The amount of retainage that can be withheld on public projects is generally capped at 5%. However, if the contract is for $150,000 or less, retainage may be withheld at a higher rate of 10% instead of requiring the contractor to post a bond.

Category:

Corporations - Public - Officer and Employee

State:

Multi-State

Control #:

US-CC-15-156A

Format:

Instant download

Description

This is an Approval of Employment and Related Agreements, to be used across the United States. This form should be modified to fit your specific type of agreement which needs approval by the Board of Directors.

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FAQ

Washington's retainage limits and deadlines The amount of retainage that can be withheld on public projects is generally capped at 5%. However, if the contract is for $150,000 or less, retainage may be withheld at a higher rate of 10% instead of requiring the contractor to post a bond.

Hear this out loud PauseThe Law: Enacted in 1945, the Washington State Public Works Act, also known as the ?prevailing wage law,? is a worker protection act. It requires that workers be paid prevailing wages when employed on public works projects, and on public building service maintenance contracts. RCW 39.04. 010, RCW 39.12.