12 Miss. Code. R. 3-20-700.30

Current through December 10, 2024

Section 12-3-20-700.30 - RELEASE OF RETAINAGE

Retainage will be released on progress payments as perscribed in Section 00800 Supplementary Conditions, Article 9, Paragraph 9.3.1.3. The balance of retainage, except that amount withheld for incomplete items, will be released at any of the following occurrences: [Mississippi Code 1972, Annotated, Section 31-5-25(b):

1. Occupancy by the Using Agency.

2. Substantially complete as recommended by the Project Professional and approved by the Owner.

3. Final Acceptance.

12 Miss. Code. R. 3-20-700.30

Adopted 11/25/2016

Amended 3/15/2021