Contracts & ExecutionQuestion 163 of 1605
After a project is satisfactorily completed and accepted on a private works job, the owner must release retention to the general contractor within:
a.7 days
b.10 days
c.30 days
d.45 days
Explanation
On private works, an owner must release retention proceeds withheld from a direct contractor within 45 days after completion of the work of improvement.
Law Reference: Civil Code §8812Practice all 1605 questions free — no signup required.
Related questions on this topic
- On a project with a $250,000 contract, the owner withholds 10% retention from each progress payment. After $150,000 of work has been billed and approved, how much retention has been withheld so far?
- On a private works project, after the owner pays the general contractor a progress payment, the general contractor must pay each subcontractor its share within how many days?
- If an owner wrongfully withholds an undisputed progress payment from a general contractor, California prompt payment law allows a penalty of:
- After receiving retention from the owner, a general contractor on a private works project must pass through each subcontractor's retention within:
- In a construction contract, a "schedule of values" is BEST described as:
- On a $500,000 contract, the schedule of values shows framing as 18% of the total. If framing is 50% complete, how much may the contractor bill for framing this period?
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)