Ill. Admin. Code tit. 92, § 810.90 - Retainage
Current through Register Vol. 46, No. 15, April 8, 2022
The Department shall retain up to ten percent of its total share of a project as follows: for projects of less than $25,000, no retainage shall be held; for projects of more than $25,000 but less than $500,000, ten percent shall be retained; for projects of $500,000 or greater, five percent shall be retained. The following are the two instances when the State's retainage is released:
Notes
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.