Surety Law Update Spring 2017
On January 17, 2017, the Senate introduced Bill No. 5222 for referral to the Committee on Commerce, Labor & Sports for consideration. Senate Bill 5222 proposes changes to Washington’s retainage statute, RCW 60.28.011(6), which would require a contractor on a public improvement project, at the request of a subcontractor, to submit a bond to the public owner of the project for the portion of the prime contractor’s retainage that pertains to the subcontractor.