Thompson Construction Seeks Reduced Retainage on Wahoo Dams
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Description
Thompson Construction requested a contract change order to reduce retainage from 10% to 5% on the Wahoo Creek Watershed dam projects through final completion in October 2026. The adjustment would release roughly half of the current $290,000 retainage while maintaining 5% until project closeout.
Contract Details
Vendor
THOMPSON CONSTRUCTION
Agency
Leshara village, NE
Contract Type
CONSTRUCTION
Document Date
May 11, 2026
Contract Term
Through October 14, 2026 (project completion date)
Renewal Date
2026-10-14
Renewal Info
Requested change order would modify retainage terms from 10% until substantial completion to 5% immediately through final completion on October 14, 2026.
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