HomeMy WebLinkAbout10% Retainage Option in Lieu of Bonds
CONTRACTOR’S DECLARATION OF 10% RETAINAGE OPTION
IN LIEU OF PERFORMANCE BOND AND PAYMENT BOND
FOR PROJECTS $150,000 OR LESS
In lieu of providing a performance bond and payment bond, I hereby request to
have the City of Port Townsend retain ten percent (10%) of my payment for this
project for a period of thirty (30) days after acceptance of the completed work or
until receipt of all necessary releases from the Department of Labor and Industries,
Department of Revenue, and the Employment Security Department and settlement
of any liens filed under Chapter 60.28 RCW, whichever is later.
COMPANY NAME:
ADDRESS:
CITY: STATE: ZIP:
NAME (PLEASE PRINT) :
SIGNED: DATE:
TITLE: