Oregon Statutes 279C.550 – Retainage defined
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As used in ORS § 279C.550 to 279C.570, ‘retainage’ means the difference between the amount earned by a contractor on a public improvement contract and the amount paid on the contract by the contracting agency. [2003 c.794 § 146; 2005 c.103 § 32]
Terms Used In Oregon Statutes 279C.550
- Contract: A legal written agreement that becomes binding when signed.