MO HB1484

Reduces the retainage threshold from 10% to 5% on public works contracts estimated to exceed $50,000 that require bonding under section 107.170.

Allows up to 10% retainage only on public works contracts under $50,000 that do not require bonding.

Extends prompt payment requirements to professional engineers, architects, landscape architects, and land surveyors on public works projects, requiring payment within 30 days of invoice receipt.

Requires public owners to pay at least 98% of retainage within 30 days after substantial completion and acceptance, with written explanation required if work is deemed incomplete.

Increases the bond threshold for public works projects from $25,000 to $50,000.