Retention Protection for Contractors and Subcontractors on Private Projects
Starting July 23, 2023, Washington law will limit the retention that can be withheld on private construction projects, both commercial and large residential (12 or more units), to no more than 5% of the contract price and will require the party holding retention to pay interest at 1% per month on the amount withheld, commencing 30 days after completion and . . .