Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Builder.
Appears in 9 contracts
Samples: Agreement Between Owner and Design Builder Cost Plus Fee With a Guaranteed Maximum Price, Design Build Agreement, Design Build Agreement
Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Design-Builder.. The moneys reserved may, at the option of Design-Builder, be retained in accordance with the provisions of Chapter 60.28
Appears in 2 contracts
Samples: Contract Between Owner and Design Builder Lump Sum, Standard Form of Agreement Between Owner and Design Builder Cost Plus Fee With an Option for a Guaranteed Maximum Price
Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Builder.. The moneys reserved may, at the option of Design-Builder, be retained in accordance with the provisions of Chapter 60.28
Appears in 1 contract
Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Design-Builder.. The moneys reserved may, at the option of Design-Builder, be retained in accordance with the provisions of Chapter 60.28
Appears in 1 contract
Samples: Agreement Between Owner and Design Builder Cost Plus Fee With a Guaranteed Maximum Price
Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Design-Builder.. Owner will also reasonably consider reducing retainage for Subcontractors completing their work early in the Project. The moneys reserved may, at the option of Design-Builder, be retained in accordance with the provisions of Chapter 60.28
Appears in 1 contract
Samples: Contract Between Owner and Design Builder – Lump Sum
Retainage on Progress Payments. 7.2.1 2.10.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of all Work performed that is subject to prevailing wages on each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Design-Builder.. The moneys reserved may, at the option of Design-Builder, be retained in accordance with the provisions of Chapter 60.28
Appears in 1 contract
Samples: Preliminary Agreement
