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Form reduction retainage 2026
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- Click ‘Get Form’ to open the Contractor’s Request for Reduction of Retainage in the editor.
- Begin by entering the Owner's name and date at the top of the form. This establishes who is involved in the request.
- Fill in your Contractor Name and Address, along with the Owner’s Project Number and Contract Number to provide context for your request.
- In the Adjusted Total Contract section, input the total amount including any change orders. This is crucial for clarity on financials.
- Indicate the percentage of work completed (excluding stored materials) and calculate the corresponding dollar amount.
- Next, specify both Current Retainage and Requested Retainage percentages, ensuring accuracy as these figures impact payment terms.
- Attach a Consent of Surety Letter if required, then sign and type your name along with your title before dating the document.
- For professional engineer recommendations, indicate whether you recommend release or not, providing your typed name and signature as necessary.
- Finally, have the Owner’s Authorized Representative sign and date to grant authorization for retention adjustments.
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| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2010 | 4.8 Satisfied (160 Votes) |
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