Washington — Release Of Retainage Contractor Bond
Retainage security concerns money withheld under a construction contract rather than the full project price.
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- Recorded state
- Washington
- Bond type
- Retainage Release Bond
- Category
- Contractors & construction
What this bond does
A construction-related form can support a license, secure a defined project promise, or address restoration after work.
- Who needs it
- Contractors, qualifying individuals, developers, and permit applicants with a written bonding request.
- Who it protects
- A license bond is not automatically a performance or payment bond. The obligee and written obligation determine whose interest is protected.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Have these ready
- Bring the contract, retainage amount, and release conditions.
- Bring the license or permit request and any required bond form.
- Identify the legal business, qualifying person, trade, and project address where applicable.
- Have the legal applicant name and the written bond request ready. Check the recipient’s name and any requested form.
- Select Purchase Now to continue to the provider’s online application. Check your application details before completing the purchase.
Questions about this bond
What obligations must remain secured after retained funds are released?
Bring the contract, retainage amount, and release conditions. Match the applicant’s role and covered activity to the written request before selecting a form.
Is this the same as a project performance bond?
Check whether the request concerns your ongoing license, permission for a particular site, or performance of a contract. Bring the trade classification for a license request and the contract or permit for project security. A license bond does not automatically secure completion or payment on every job.
How much will I pay?
The bond amount is the sum of the obligation or protection, not the purchase price. Review the premium and application conditions with the provider before paying. Any separately stated E&O limit is insurance coverage.
How do I purchase this bond online?
Choose the option that matches your written request, then select Purchase Now. The provider’s application opens in a new tab. Review the applicant name, recipient, amount and dates before paying, then follow the recipient’s instructions for delivering the issued document.