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9243P - Contracts Procedure

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9243P - Contracts Procedure

Procedure 9243P

SCHOOL FACILITIES 

ContractsAll construction contracts of $25,000 or more shall include a provision for at least five percent (5%) retainage or bid bond at the monthly pay estimates, retainage to be paid only upon final completion of the project and completion of the punch list items.

 

Adoption Date:           April 23, 1996