Posted on April 24, 2019
School board members authorized the release of half of the remaining 10% in “retainage” funds to Allstate Construction, Inc. at their April 16 meeting after hearing that construction of the new Perry Primary School (PPS) facility is nearly 95% complete.
“Retainage” is a portion of the agreed-upon contract price withheld until work is substantially complete to insure contractors satisfy all obligations and complete a construction project.
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