Reacting to a grass etymons campai...

Reacting to a grass etymons campaign by contractors and subcontractors, the Missouri Legislature has passed major retainage reform according to a wide margin.

The bill provides for no cash retainage if contractors provide a substitute security (eg a epistle of credit, a retainage captivity or a certificate of deposit). It also provides for line item release of retainage. Further, it mandates that all retainage or substitute security must be released concerning substantial completion, except for the value of perforate list work. All funds withheld, whether