- (a) The recipient shall withhold 10% of all partial payments as retainage until 50% of the project is complete.
- (b) After the project is 50% complete, no additional retainage shall be withheld from any partial payments.
- (c) Upon substantial or final completion of the project, the recipient shall reduce the retainage to 2%. The final 2% retainage shall be held during the one-year warranty period and released only after the recipient has accepted the project.
Source. (See Revision Notes #1-#3 at chapter heading for Env-Wq 500) #10984, eff 12-1-15; ss by #13511, eff 12-20-22 (formerly Env-Wq 507.11)