Relating to: retainage on public construction contracts. (FE)

Summary

The bill changes Wisconsin law so that state and local agencies can hold back no more than about 5% of a contractor’s payment until half the work is done, and no more than 10% total if work is unsatisfactory. For mechanical, electrical or plumbing subcontractors, the hold‑back is limited to 3% until 50% completion. Payments must be made within seven days after the prime contractor receives funds.

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