Form reduction retainage 2026

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

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