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279C.560 Form of retain age; procedures for holding and payment. (1) Unless a contracting agency that reserves an amount as retain age under ORS 279C.570 (7) finds in writing that accepting a bond

How to fill out 279c560 form of retainage

How to fill out the 279c560 form of retainage:

1. Start by reviewing the instructions provided with the form. These instructions will guide you through each step of filling out the form accurately.
2. Begin by entering your personal or company information in the designated fields. This typically includes your name, address, phone number, and email address.
3. Next, provide the details of the project for which the retainage is being withheld. This may include the project name, location, and any relevant contract or agreement references.
4. Specify the dates during which the work was performed or the period for which the retainage is being retained. Be sure to include both the start and end dates accurately.
5. Calculate the total amount of retainage being withheld based on the percentage or dollar amount stated in the contract or agreement. Enter this amount in the appropriate field on the form.
6. If applicable, indicate any previous payments made towards the retainage and input the corresponding dates and amounts. This will help ensure accurate record-keeping.
7. Attach any supporting documents that are required or recommended for the form. This may include invoices, receipts, or any other evidence of work performed or payments made.
8. Review the completed form to ensure all information is accurate and all required fields have been filled out properly.
9. Sign and date the form as required. If applicable, have any necessary parties sign the form as well, such as a client, contractor, or project manager.

Who needs the 279c560 form of retainage?

1. Contractors or subcontractors who are retaining a portion of the payment as retainage for a construction project may need to fill out the 279c560 form. This form is typically used to document and report the retainage withheld.
2. Project managers or owners who are receiving services from contractors may also need the 279c560 form to properly track and document the retainage being held back from payment.
3. It is important to consult the contract or agreement terms to determine if the use of the 279c560 form is required. Different projects may have varying requirements, so it is essential to follow the specific guidelines set forth in the agreement.

For pdfFiller’s FAQs

What is 279c560 form of retainage?

The form 279c560 is a document used to report retainage for construction projects.

Who is required to file 279c560 form of retainage?

Contractors, subcontractors, and other parties involved in construction projects are required to file the form 279c560.

How to fill out 279c560 form of retainage?

To fill out the form 279c560, you need to provide information about the project, including the amount of retainage held and released.

What is the purpose of 279c560 form of retainage?

The purpose of the form 279c560 is to ensure that retainage is properly accounted for and released in accordance with the terms of the construction contract.

What information must be reported on 279c560 form of retainage?

The form 279c560 requires information such as the project name, contract number, retainage amount held, retainage amount released, and other project details.

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