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Policy No. |
6959 |
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Adoption Date: |
July 11, 1984 |
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Revised: |
April 24, 2000 |
MANAGEMENT SUPPORT ACCEPTANCE OF COMPLETED PROJECT
Final payment under contract shall be subject to the following:
Pursuant to statute, final payment shall not be made until the district has received from the state department of revenue, state department of employment security, and state department of labor and industries certification that all taxes due, or to become due by the project's contractor, have been paid in full. The superintendent shall notify each department listed that the work is completed and officially accepted so that a determination of tax liabilities of the contractor may be made.
The contract shall provide that a percentage of the project cost shall be retained by the district as required by law to insure that the project shall remain free and clear of any materialmen, subcontractor or tax liens. The district prefers that five percent of all moneys earned by the contractor be reserved by the district and will request that the state board of education acting through the superintendent of public instruction act as agent of the school district for managing the cash retainage. The district will accept a bond submitted by the contractor for any portion of the retainage in a form acceptable to the district, and the superintendent of public instruction if state funds are part of the project, from a bonding company registered with the Washington state insurance commissioner and on the currently authorized insurance list published by the Washington state insurance commissioner, unless the district can demonstrate good cause for refusing to accept the bond.
Legal Reference:
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RCW |
60.28 |
Lien for Labor, Materials, Taxes on Public Works |
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WAC |
180-27-080 |
Value engineering studies, constructability reviews, and building commissioning -- Requirements and definition |
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180-29-067 |
Building commissioning contracts |
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180-29-075 |
Contracts--Filing |
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180-29-147 |
Retained Percentage Law Related Requirements |