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Bond types · Bond type
Retainage Release Bond
Retainage security concerns money withheld under a construction contract rather than the full project price.
1 bond
Purpose
Retainage security concerns money withheld under a construction contract rather than the full project price. 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.
Category
Retainage Release Bond bonds
- Washington — Release of Retainage Contractor BondWashington · Contractors & construction
Before you buy
- 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.
Common questions
What obligations must remain secured after retained funds are released?
Bring the contract, retainage amount, and release conditions. Compare that information with the exact capacity, activity and obligee named in the written request. Similar catalog labels do not establish an interchangeable form.
Is a type guide the bond I should purchase?
A type guide explains the activity. Choose a jurisdiction-associated parent listing and compare its actual source options with your written requirement; the type page is not a purchasable form.