Bill: SB 5222 (HB 1538) — 2017
Requiring prime contractors to bond the subcontractors portion of retainage upon request (Hasegawa, Baumgartner, Takko)
Authorizes a subcontractor, at any time before final formal acceptance of a project, to request the contractor to submit a bond to the public owner for that portion of the contractor's retainage pertaining to the subcontractor in a form acceptable to the public body and from a bonding company meeting standards established by the public body.
Hearing Date: Thursday, February 02, 2017 -- 1:30 pm
WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=5222&Year=2017 (opens a new browser tab)