Thompson seeks reduced retainage on Wahoo dams
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Description
Thompson Construction has requested a contract amendment on the Wahoo Creek Watershed project to reduce retainage from 10% to 5% through completion on October 14, 2026, releasing roughly $145,000 in withheld funds. The change order would leave about $217,000 in retainage until final completion.
Contract Details
Contract Amount
Approximately $434,000 retainage originally; proposed reduction to approximately $217,000
Vendor
THOMPSON CONSTRUCTION
Agency
Morse Bluff village, NE
Contract Type
CONSTRUCTION
Document Date
May 11, 2026
Contract Term
Through project completion date October 14, 2026
Renewal Date
2026-10-14
Renewal Info
Change order would amend retainage provisions in Article 6 of the construction contract, shifting from 10% to 5% retainage for remaining pay applications through final completion.
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