California SB1205 sets a 5% limit on retention payments for architecture and engineering services in public contracts, with exceptions for.

California SB1205 amends the Public Contract Code to establish a 5% cap on retention payments for architecture and engineering services in public contracts. This applies to contracts entered into on or after January 1, 2027, between public entities and firms. However, if a public entity determines that a project is substantially complex, the retention amount may exceed 5%. This determination must be made through a public hearing and documented in the contract.

California SB1205 sets a 5% limit on retention payments for architecture and engineering services in public contracts, with exceptions for.

California SB1205 amends the Public Contract Code to establish a 5% cap on retention payments for architecture and engineering services in public contracts. This applies to contracts entered into on or after January 1, 2027, between public entities and firms. However, if a public entity determines that a project is substantially complex, the retention amount may exceed 5%. This determination must be made through a public hearing and documented in the contract.