Sunday, October 4, 2009

Training: Public Works Contract Close-out: Bonding, Retainage, and Claims

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

When: Wednesday, November 4, 2009


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: Lakota Wastewater Treatment Plant (3203 SW Dash Point Road, Federal Way, WA 98023)

Cost:
  • $100
  • Optional box lunch is extra
Register by November 2, 2009: Attendance: Limited to 25 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/list.pdf for a list of who has registered

Questions - contact me at:

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