School Board of Palm Beach County

NOTICE OF PROPOSED RULE DEVELOPMENT & PUBLIC HEARING

RULE TITLE: Retainage Withheld on Construction Contracts.

RULE NUMBER: Policy 7.23.

SUBJECT AREA TO BE ADDRESSED: Retainage of a percentage of the progress payments to contractors on construction contracts for projects over $200,000.

PURPOSE AND EFFECT: This revision would conform the Policy to recent legislation codified at Fla. Stat. § 218.735: the District will withhold ten percent of the payment from each progress payment made to the contractor. This 10% retainage will continue until 50 percent completion, after which time the retainage will be reduced to five percent (5%) from each subsequent progress payment.

SPECIFIC RULEMAKING AUTHORITY: §§ 1001.41(2); 1001.42(22); 1001.43(2)(d), (4), Fla. Stat.

LAWS IMPLEMENTED: §§ 218.735; 1001.42(9); 1013.50, Fla. Stat.

CONTACT PERSON: Thomas Johns, 3300 Forest Hill Blvd., West Palm Beach, FL 33406.

THE PRELIMINARY TEXT of the proposed rule development may promptly be obtained without cost from the School District's web site at www.SchoolBoardPolicies.com/revisions.htm.

PUBLIC HEARING: It is anticipated that this rule development will be considered at the School Board's Special Meeting on Policies on February 22, 2006, anticipated to begin at 5:00 p.m., in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. The hearing is open to the public. AGENDA: A copy of the agenda will be available by February 15 on the District’s Web site. Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in these meetings is asked to advise the agency at least 48 hours before the workshop by contacting the Board Clerk at 434-8139. This meeting is open to the public.