A public entity withholds 7 percent retention on a normal progress payment with no complex-project finding. What issue should be raised?
Correct Answer
B) Retention generally may not exceed 5 percent.
Public Contract Code Section 7201 generally limits retention to 5 percent unless a proper complex-project finding supports a higher rate.
Why This Is the Correct Answer
Public Contract Code Section 7201 generally limits retention to 5 percent unless a proper complex-project finding supports a higher rate.
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