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Can contractor earn interest on retention held by public agency during course of construction per Public Contracts Code?

CaliforniaRetainage

A public construction project with a County in California. 5% retention is withheld by the County on progress payments until the project is complete.

1 reply

Jul 14, 2021

You're only entitled to interest if they improperly withhold it. Public Contract Code 7107 is a good place to start if you're trying to figure out when a public agency must release retention. 

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