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WESTERN WASHINGTON UNIVERSITY CONTRACTOR\'S RETAINAGE OPTIONSThe General Contractor has 3 options for retainage. Regardless of which option is selected, retainage/escrow or a bond in lieu of retainage
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How to fill out contractors retainage option request

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How to fill out contractors retainage option request

01
To fill out a contractor's retainage option request, follow these steps:
02
Begin by gathering all the necessary information, such as the contractor's name, contact details, and project details.
03
Fill in the contractor's name and contact information at the top of the form.
04
Provide the project details, including the name of the project, project number, and any relevant dates.
05
Specify the retainage amount and the desired retainage option, such as full retention, partial retention, or no retention.
06
Indicate any additional terms or conditions related to the retainage option.
07
Review the completed form for accuracy and completeness.
08
Sign and date the form.
09
Submit the filled-out form to the appropriate authority or party.
10
Keep a copy of the completed form for your records.

Who needs contractors retainage option request?

01
Contractors who are working on construction projects and want to request a specific retainage option need the contractor's retainage option request form.
02
This form is typically required when a contractor wants to negotiate the amount or terms of retainage on a project.

What is Contractor's Retainage Option Request Form?

The Contractor's Retainage Option Request is a fillable form in MS Word extension needed to be submitted to the relevant address in order to provide specific info. It must be completed and signed, which is possible in hard copy, or with the help of a certain software e. g. PDFfiller. This tool allows to complete any PDF or Word document right in the web, customize it depending on your requirements and put a legally-binding e-signature. Right away after completion, user can send the Contractor's Retainage Option Request to the appropriate individual, or multiple individuals via email or fax. The blank is printable as well because of PDFfiller feature and options proposed for printing out adjustment. Both in electronic and physical appearance, your form will have got clean and professional appearance. You can also save it as the template to use later, without creating a new file again. All you need to do is to edit the ready form.

Template Contractor's Retainage Option Request instructions

Once you're ready to begin submitting the Contractor's Retainage Option Request word form, it is important to make clear that all the required details are prepared. This very part is important, as long as errors may cause undesired consequences. It is uncomfortable and time-consuming to resubmit the entire template, letting alone the penalties caused by missed due dates. To handle the digits requires a lot of focus. At first glimpse, there’s nothing challenging about it. But yet, there's nothing to make an error. Experts suggest to save all required information and get it separately in a file. When you have a sample so far, you can just export this information from the file. In any case, you need to be as observative as you can to provide actual and correct information. Doublecheck the information in your Contractor's Retainage Option Request form when filling all necessary fields. You can use the editing tool in order to correct all mistakes if there remains any.

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The contractors retainage option request is a formal application submitted by contractors to retain a portion of the payment due on a project until certain conditions are met, ensuring that work is completed to satisfaction.
Generally, contractors working on construction projects that involve retainage must file a contractors retainage option request to specify their intent and the details regarding retainage.
To fill out a contractors retainage option request, contractors need to provide their business information, project details, the percentage of retainage being requested, and any additional required documentation as specified by the governing authority.
The purpose of the contractors retainage option request is to formalize the retainage agreement between contractors and project owners, ensuring that funds are held until contractual obligations are satisfactorily met.
Information required includes the contractor's name, project identification, the amount of retainage requested, relevant dates, and signatures from both the contractor and project owner.
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