Get the free Retainage Option Form - Seattle Public Schools

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SMALL WORKS / PREVAILING WAGE / CONSTRUCTION PROJECTS OVER $35,000.00 EXCLUDING TAX RETAIN AGE OPTION FORM School District Seattle School District No. 1SWR No./ Project Name Contractor DatePursuant

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How to fill out retainage option form

01

Obtain the retainage option form from the appropriate source.

02

Fill out the form with your personal information, including name, address, and contact information.

03

Indicate your choice regarding retainage options, whether you wish to retain a certain percentage of payments or release all funds.

04

Sign and date the form to confirm your decision.

05

Submit the completed form to the designated party for processing.

Who needs retainage option form?

01

Contractors or subcontractors who are working on construction projects where retainage is being held.

02

Property owners or project managers who are responsible for releasing retainage to contractors.

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What is retainage option form?

Retainage option form is a form that allows contractors and subcontractors to choose whether to retain a portion of the payment until the project is completed.

Who is required to file retainage option form?

Contractors and subcontractors who are working on a construction project where retainage is being withheld are required to file the retainage option form.

How to fill out retainage option form?

The retainage option form can be filled out by providing details about the project, the amount of retainage being withheld, and whether the contractor or subcontractor wishes to opt out of retainage.

What is the purpose of retainage option form?

The purpose of the retainage option form is to give contractors and subcontractors the opportunity to choose whether to retain a portion of the payment until the project is completed, or to opt out of retainage completely.

What information must be reported on retainage option form?

The retainage option form must include details about the project, the amount of retainage being withheld, and the contractor or subcontractor's decision on whether to opt out of retainage.

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