Hawaii Senate Bill 1587: Relating To Retainage.

Hawaii · 2026 Regular Session

What it does

Allows procurement officers to withhold a retainage fee from the total budget from contractors to ensure satisfactory project completion. Requires the retainage fee to be paid to contractors within a certain number of days of project completion. Applies to public contracts executed on or after 1/1/2026. Effective 1/1/2491. (SD1)

Latest action

Carried over to 2026 Regular Session. (2025-12-08)

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