Retainage on Progress Payments. Retainage will not be withheld from Progress Payments.
Retainage on Progress Payments. 7.2.1 Pursuant to Chapter RCW 60.28, and Article 6 of the General Conditions, Owner will retain five percent (5%) of each approved Application for Payment to be retained as a trust fund for the protection and payment of the claims of any person arising under the contract and the state with respect to taxes imposed pursuant to Titles 50, 51, and 82 RCW which may be due from Design- Builder.
Retainage on Progress Payments. 7.2.1 Owner will retain ten percent ( 10%) of each payment provided, however, that when fifty percent (50%) of the Work ($38,343,191.00 aggregate payment) has been completed by Design-Builder, Owner will not retain any additional amounts from Design-Builder’s subsequent payments, unless there is less than $3,834,319.10 total retainage. Owner will also reasonably consider reducing retainage for Subcontractors completing their work early in the Project.
Retainage on Progress Payments. Owner will retain ten percent (10%) of each payment up to a maximum of Three Million Three Hundred One Thousand Two Hundred Ninety-two Dollars ($3,301,292.00). Once Three Million Three Hundred One Thousand Two Hundred Ninety-two Dollars ($3,301,292.00) has been retained, in total, Owner will not retain any additional amounts from any subsequent payments. Owner will also reasonably consider reducing retainage for Subcontractors completing their work early in the Project. Upon Substantial Completion of the Work Owner shall release to Design-Builder all retained amounts less an amount equal to the reasonable value of all remaining or incomplete items of Work and less an amount equal to the value of any Subcontractor lien waivers not yet obtained, as noted in the Certificate of Substantial Completion, provided that such payment shall only be made if Design-Builder has met the Performance Guarantee Criteria listed in Exhibit A.
Retainage on Progress Payments. 8.2.1 Owner will retain five percent (5%) of each Application for Payment until final payment, except as otherwise expressly provided in this Section 8.2.
Retainage on Progress Payments. 8.2.1. Initial Retainage Amount 8.2.2. Owner’s Right to Reduce Retainage
Retainage on Progress Payments. Owner will retain ten percent (10%) of each payment up to a maximum of Six Million Ten Thousand Eight Hundred Twenty-five Dollars ($6,010,825.00). Once Six Million Ten Thousand Eight Hundred Twenty-five Dollars One Earth Energy, LLC May 17, 2007 ($6,010,825.00) has been retained, in total, Owner will not retain any additional amounts from any subsequent payments. Notwithstanding the foregoing, the maximum retainage set forth herein shall increase if the Contract Price is increased pursuant to Section 9.2 of this Agreement such that the maximum retainage will equal five percent (5%) of the Contract Price as adjusted. Owner will also reasonably consider reducing retainage for Subcontractors completing their work early in the Project. Upon Substantial Completion of the Work Owner shall release to Design-Builder all retained amounts less an amount equal to one hundred and fifty percent (150%) of the reasonable value of all remaining or incomplete items of Work and less an amount equal to the value of any Subcontractor lien waivers not yet obtained, as noted in the Certificate of Substantial Completion, provided that such payment shall only be made if Design-Builder has met the Performance Guarantee Criteria listed in Exhibit A.
Retainage on Progress Payments. Owner will retain ten percent (10%) of each payment up to a maximum of [Five Percent of Contract Price Spelled Out] Dollars($[5% of Price in Numbers]). Once [Five Percent of Contract Price Spelled Out] Dollars($[5% of Price in Numbers]) has been retained, in total, Owner will not retain any additional amounts from any subsequent payments. Owner will also reasonably consider reducing retainage for Subcontractors completing their work early in the Project. Upon Substantial Completion of the Work Owner shall release to Design-Builder all retained amounts less an amount equal to the reasonable value of all remaining or incomplete items of Work and less an amount equal to the value of any Subcontractor lien waivers not yet obtained, as noted in the Certificate of Substantial Completion, provided that such payment shall only be made if Design-Builder has met the Performance Guarantee Criteria listed in Exhibit A as demonstrated in Performance Tests conducted pursuant to Section 7.2.
Retainage on Progress Payments. 7.3.1 Design-Builder will retain from each of Design-Build Subcontractor’s Application for Payment five percent (5.00%). Unless mutually agreed otherwise between the parties, retainage will be included in Design-Builder’s final payment to Design-Build Subcontractor, provided Design-Builder has received such retained amounts from Owner.
Retainage on Progress Payments. 8.2.1. Initial Retainage Amount
