Training on Bonding, Retainage and Claims

On Thursday (July 16, 2009), I will be providing four hours of training to the staff at KCDA (King County Directors Association), a purchasing and contracting cooperative established to provide supplies and services to government agencies, with a focus on school districts.

The class is titled "Public Works Contract Close-out: Bonding, Retainage, and Claims" and covers the following subjects:

• Purpose of Retainage
• Retainage and Sales Tax
• Management of Retainage
  
• Payment and Performance Bonds
  
• Completion Dates
• Notification to State Agencies
• Filing, Renewing, and Releasing Claims Against Retainage
• Pre-Claim Notices
• Foreclosure and Payment
• Priority of Claims Against Retainage
  
• Release of Retainage
• Recent Revisions to Washington State Law
• Preventing Payment Disputes

In the State of Washington, retainage is addressed in chapter 60.28 RCW.

The information in this class is applicable whether you are a public agency, or a contractor, subcontractor, or a supplier who works on public works projects.

If you are interested in learning more about how I can provide this training for you, please contact me.