Additional Retainage. Pursuant to ORS 279C.845(7), Owner shall retain twenty- five (25) percent of any amount earned by Contractor on this public works Project until Contractor has filed the certified statements required by Section 1.5.4 above. Owner shall pay to Contractor the amount retained under this Section within fourteen (14) Days after Contractor files the required certified statements, regardless whether a Subcontractor has failed to file certified statements. Pursuant to ORS 279C.845(8), Contractor shall retain twenty-five percent (25%) of any amount earned by a Subcontractor on this public works Project until that Subcontractor has filed with Owner Parties the certified statements required by Section 1.5.4 above. Before paying any amount retained under this Section, Contractor shall verify that Subcontractor has filed the certified statement. Within fourteen (14) Days after Subcontractor files the required certified statement, Contractor shall pay Subcontractor any amount retained under this Section.
