When can the public body release retainage?
A. After the public body has received approval to release retainage from Department of Revenue, Employment Security Department, and Department of Labor & Industries. Also note that an affidavit of wages paid is required from all contractors on the project and these must be approved before retainage can be released.
A. In order to release retainage, the public body must first receive approval to release retainage from Department of Revenue, Employment Security Department, and Department of Labor & Industries. In addition, an Affidavit is required from all contractors on the project and these must be approved before retainage can be released. Search for approved Affidavits. Also note that there are other considerations for the release of retainage. This FAQ does not address claims filed by subcontractors, suppliers, workers, etc.
