Tuesday, January 19, 2010

Training on Bonding, Retainage, and Claims

I will be sponsoring and teaching a 4 hour hands-on, interactive training workshop on "Public Works Contract Close-out: Bonding, Retainage, and Claims."

When: Wednesday, February 24, 2010


Time Schedule:
  • 10:00 a.m. to 12:00 p.m. (class)
  • 12:00 p.m. to 1:00 p.m. (lunch break)
  • 1:00 p.m. to 3:00 p.m. (class)
Where: City of Everett - Public Works Building (3200 Cedar Street, Everett, WA)

Cost:
  • $100 if registered by February 15th
  • $125 for registrations after February 15th
Register by February 23, 2010
Attendance: Limited to 24 students, so register early. The class is open to anyone.

Instructor: Mike Purdy

Class Description:

  • What is the purpose of obtaining a Payment and Performance Bond?
  • Why must Retainage be withheld from the contractor?
  • What should a public agency do if a subcontractor, supplier, worker, or state agency files a claim against the bond and Retainage?
  • What steps must a public agency take before they can release the Retainage to the contractor?
  • What is the impact on public agencies of Substitute House Bill 1555 on Retainage release? This bill was approved by the Legislature this spring.
  • We will address these and many other issues through a combination of lecture, class interaction, and small group exercises.
Attendee List: Visit http://www.mpurdy.com/everettlist.pdf for a list of who has registered

Questions - contact me at:

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