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

• Online at http://mpurdyeverett.eventbrite.com (credit card), or
• Fill out Registration Form available at http://www.mpurdy.com/everettclass.pdf (check)

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:

• (206) 295-1464
• http://www.mpurdy.com/contact