Request For
Early Release of Retained Funds
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(This section to be completed by contractor)
Contract I.D._________________________ County __________________
In accordance with Code of Iowa Chapters 26 and 573; I hereby request early release of retained funds on this contract.
· (For contracts let after January 1, 2007 ) “I certify that on ____________, 20___ written notice was provided to all subcontractors and suppliers associated with this contract, that early release of retained funds will be requested.
_____________________________ __________
contractor’s signature date
Contractor shall submit signed form to Project Engineer
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(This section to be completed by Contracting Authority)
Total of retention to continue
Contract Acceptance Date (435) _____________________________
(Retained funds will be paid not sooner than 30 days after the Contract Acceptance Date)
or
% Contract Complete (must be ≥ 95%) ________________________
(Retained funds will be paid not sooner than 30 days after DCE Approval date)
Recommended by:
Project Engineer Date
DCE Date
Office of Construction and Materials Date
Disposition: Project Engineer – Submit completed form to DCE
DCE – Forward approved form to Office of Construction and Materials
Construction and Materials – Forward approved form to Office of Finance