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Oregon Revised Statutes

Or. Rev. Stat. § 279C.550 (2026)

“Retainage” defined

✓ current as of May 2026
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      279C.550 “Retainage” defined. 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]

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: Big River Constr., Inc. v. City of Tillamook, 386 P.3d 19 (Or. Ct. App. 2016).
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Big River Constr., Inc. v. City of Tillamook, 386 P.3d 19 (Or. Ct. App. 2016). “” ORS 279C.550. “A contracting agency may reserve as retainage from any progress payment on a public improvement contract an amount not to exceed five percent of the payment.”
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