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FL H0101

Bill

Official Source

Status

Failed

5/3/2019

Primary Sponsor

Commerce Committee

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Reduces maximum retainage that public entities and local governments may withhold from contractor progress payments from 10% to 5% for construction services contracts
  • Eliminates the previous two-tier retainage system that allowed 10% retainage until 50% project completion, then required reduction to 5%
  • Exempts contracts of $200,000 or less from the retainage limitations for local governmental entities
  • Does not apply to contracts entered into or pending approval on or before October 1, 2019, or to projects advertised for bid by that date
  • Excludes Department of Transportation contracts (chapter 337) and federally-funded projects subject to contrary federal requirements

Legislative Description

Public Construction

Last Action

Died in Governmental Oversight and Accountability

5/3/2019

Committee Referrals

Governmental Oversight and Accountability4/18/2019
Commerce Committee3/13/2019
Oversight, Transparency and Public Management Subcommittee2/18/2019
Business and Professions Subcommittee1/3/2019

Full Bill Text

No bill text available