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WESTERN WASHINGTON UNIVERSITY CONTRACTOR\'S RETAIN AGE Options General Contractor has 3 options for retain age. Regardless of which option is selected, retain age/escrow or a bond in lieu of retain
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How to fill out washington retainage in construction

01
Gather all necessary information related to the project, including contract details and payment terms.
02
Determine the percentage of retainage to be held on each payment, as specified in the contract.
03
Clearly outline the retainage terms in the payment requisition form or invoice.
04
Submit the completed retainage form along with the payment requisition to the appropriate party for approval.
05
Track and monitor the retainage amounts held throughout the project to ensure compliance with the contract.

Who needs washington retainage in construction?

01
General contractors
02
Subcontractors
03
Construction project owners
04
Construction project managers

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Washington retainage in construction is a percentage of the contract price withheld by the owner from the contractor until the work is completed satisfactorily.
Contractors and subcontractors are required to file washington retainage in construction.
Washington retainage in construction can be filled out by providing the necessary project details, such as contract price, retainage percentage, and completion date.
The purpose of washington retainage in construction is to ensure that the contractor completes the project satisfactorily and to protect the owner from any potential issues.
The information that must be reported on washington retainage in construction includes the project details, retainage percentage, contract price, and completion date.
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