<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=ISO-8859-1">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<font size="-1"><font face="Arial">Okay. 255.05 bonded public
construction job. Your subcontractor has perfected his right to
claim against the bond, and substantially completed his work.
Progress payments were paid current, but he is still owed
retainage. Months after he finished his work he sends the GC
and their surety a request for information under FS
255.05(10)(d) by certified mail, and no body responds (within 10
days or otherwise). <br>
<br>
Here's the question: When did the retainage become "due and
payable" from the surety under their payment bond for purposes
of calculating interest?<br>
<br>
Sure, sure, sure, the subcontract with GC says final payment
(including retainage) after "substantial completion of the
project", "acceptance by owner", CO, payment by the Owner, all
of that. But the surety can't rely on that language. See, <i>Everett
Painting v Padula & Wadsworth</i> (the payment bond is a
separate agreement and 255.05 does not authorize conditional
payment bonds).<br>
<br>
In my view, retainage became due and payable from the surety on
the 11th day after the request was sent under 255.05(10)(d), and
no written response was delivered.<br>
<br>
G. Elliott<br>
</font></font>
<div class="moz-signature">-- <br>
<br>
<div class="moz-signature">
<div class="moz-signature">
<div class="moz-signature">
<p class="MsoNormal"><big><big><big><big><big><big><font
color="navy" face="Copperplate Gothic Light"
size="2"><big><big><big><big><big><big><span
style="font-size:10.0pt;font-family:"Copperplate
Gothic Light";color:navy">Gregory
T. Elliott</span></big></big></big></big></big></big></font></big></big></big></big></big><font
color="navy"><font size="2"><big><font
face="Copperplate Gothic Light"><br>
</font></big></font></font><strong><b><i><font
color="navy" face="Copperplate Gothic Light"
size="2"><big><span
style="font-size:10.0pt;font-family:"Copperplate
Gothic Light";
color:navy;font-style:italic">ELLIOTT -
BERGER, P. A.</span></big></font></i></b></strong><i><font
color="navy"><span
style="color:navy;font-style:italic"><o:p></o:p></span></font></i><br>
<st1:address w:st="on"><st1:street w:st="on"><font
color="navy" face="Copperplate Gothic Light"
size="2"><big><span style="font-size:10.0pt;
font-family:"Copperplate Gothic
Light";color:navy">10225 Ulmerton Road,
Suite 4A</span></big></font></st1:street><font
color="navy"><span style="color:navy"><br>
</span></font><st1:city w:st="on"><font color="navy"
face="Copperplate Gothic Light" size="2"><big><span
style="font-size:10.0pt;font-family:
"Copperplate Gothic
Light";color:navy">Largo</span></big></font></st1:city></st1:address><font
color="navy" face="Copperplate Gothic Light" size="2"><big><span
style="font-size:10.0pt;
font-family:"Copperplate Gothic
Light";color:navy">, <st1:place w:st="on"><st1:state
w:st="on">Florida</st1:state></st1:place>
33771</span></big></font><font color="navy"
face="Copperplate Gothic Light" size="2"><big><span
style="font-size:10.0pt;font-family:"Copperplate
Gothic Light";color:navy"><o:p></o:p><br>
(727) 360-2600 (Phone)</span></big></font><font
color="navy" face="Copperplate Gothic Light" size="2"><big><span
style="font-size:10.0pt;font-family:"Copperplate
Gothic Light";color:navy"><o:p></o:p><br>
(727) 360-6588 (Fax)</span></big></font></big><b><font
color="navy" face="Copperplate Gothic Light" size="1"><span
style="font-size: 9pt;"><big><font size="2"><big><br>
</big></font>Board Certified In Construction Law</big><br>
<img alt=""
src="cid:part1.03040001.06040907@elliott-berger.com"
height="81" width="62"><br>
</span></font></b></p>
<p class="MsoNormal"><b><u><font color="navy" face="Calibri"
size="2"><span
style="font-size:10.0pt;font-family:Calibri;color:navy;font-weight:bold">NOTICE
OF
CONFIDENTIALITY:</span></font></u></b><b><font
color="navy" size="2"><span
style="font-size:10.0pt;color:navy;font-weight:bold">
</span></font></b><font color="navy" size="2"><span
style="font-size:10.0pt;color:navy">This message and
its attachments are intended solely for the use of the
addressee. In addition, this message and the
attachments may contain information that is
confidential, privileged and exempt from disclosure
under applicable law. If you are not the intended
recipient of this message, you are prohibited from
reading, disclosing, reproducing, distributing,
disseminating or otherwise using this transmission.
Delivery of this message to any person other than the
intended recipient is not intended to waive any right
or privilege. If you have received this message in
error, please promptly notify the sender by reply
E-mail and immediately delete this message from your
system.</span></font></p>
</div>
</div>
</div>
</div>
</body>
</html>