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Is affordable housing projects are public? Bond claim on retainage

Hello! We have affordable housing project in Connecticut, we are materials supplier, owner is non profit organization. Which project type in Levelset we should select for Affordable housing projects- can affordable housing projects be under "state/county" type? Our last delivery was 07/29/2021, and only retainage is left not paid. This project have a bond, so we could file bond claim. Could you please explain deadline for retainage bond claim, as we don't know when our client - general contractor applies for or receives retainage. They said that project is not finished yet and that's why retainage is not paid yet. Thank you!

3 replies

Dec 19, 2021

On Connecticut public projects, the amount of retainage varies depending on the public entity that commissioned the work. In this case, it is probably the Connecticut Housing Finance Authority (CHFA) but you'll need to confirm this. On state projects, retainage is limited to no more than 7.5% of each progress payment. However, upon 50% completion, retainage must be reduced to no more than 5% of the remaining progress payments. On municipal government projects, the amount that can be withheld is no more than 5% of each progress payment. This retainage is withheld from the contractor until the entire project is substantially completed. Therefore, you as a subcontractor will need to wait to obtain your share of the retainage. But if you are not paid after substantial completion, send a preliminary notice to the contractor to let him know that, if not paid you will make a claim on the bond. If still not paid, the next step would be to file the bond claim itself. You’ll need to get the proper paperwork filled out correctly, having it notarized, and sent via certified mail to the bonding company. Then, once you’ve filed your bond claim, the surety company responsible for the bond will reach out to you for supporting evidence and/or a sworn statement. The surety company will contact the contractor and attempt to reach a resolution. As a last resort if your bond claim is denied or unduly delayed, you would need to file a lawsuit against the surety company.

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May 15, 2023

I can say that housing projects should always include garden because it's highly important for the overall look of the house. I can recommend you look for some landscapers in Wirral to find perfect landscape gardeners and don't think about doing all this stuff by yourself, these specialists provided me with great services.

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May 18, 2023

Because more people must share fewer resources with them, the decreased rents may also have a detrimental effect on the neighborhood. When the resources required to support public housing outweigh the amount of local taxes and federal subsidies received, world of mario becomes a burden.

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