Assembly Bill 1705 passed the Senate policy committee with many trades testifying alongside us. Now, to the Senate Floor, where all Senators vote.
The bill closes a loophole in a recent law that allows public entities to declare any construction project as "substantially complex." If the agency does that it can then avoid (evade) the 5% cap on retention that we helped secure last year in SB 293. And that's exactly what some school districts did.
AB 1705 requires the agencies to explain what makes a project "SC" and to also notify bidders that in so doing, the 5% cap is removed and more money may be retained. ASAC is very pleased to have CalSMACNA and NECA as co-sponsors to the bill which is supported by several other subcontractor organizations.
CLICK HERE
FOR MORE ABOUT THE BILL AND A LIST OF THOSE WHO SUPPORT AND OPPOSE
The bill closes a loophole in a recent law that allows public entities to declare any construction project as "substantially complex." If the agency does that it can then avoid (evade) the 5% cap on retention that we helped secure last year in SB 293. And that's exactly what some school districts did.
AB 1705 requires the agencies to explain what makes a project "SC" and to also notify bidders that in so doing, the 5% cap is removed and more money may be retained. ASAC is very pleased to have CalSMACNA and NECA as co-sponsors to the bill which is supported by several other subcontractor organizations.
CLICK HERE
FOR MORE ABOUT THE BILL AND A LIST OF THOSE WHO SUPPORT AND OPPOSE
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