West Contra Costa Unified School District Complying with SB 293:. How do Districts retain more than 5% of the Contract Price for Retention? Presenter: Deidree Sakai. What is SB 293?.
West Contra Costa Unified School DistrictComplying with SB 293:
How do Districts retain more than 5% of the Contract Price for Retention?
Retention may exceed 5% on specific projects where the governing body of the local public entity, or its designee, has approved or ratified by a majority vote during a properly noticed and normally scheduled public hearing prior to bid that the project is substantially complex and therefore requires a higher retention amount than 5%, and includes this finding and the actual retention amount in the bid documents.
(See Pub. Contract Code, § 7201(b)(4).)
In comparison with other public works projects, school construction projects are: