LPNNRD Reduces Retainage in Thompson Construction Contract
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Description
LPNNRD issued Change Order No. 02 for the Wahoo Creek Dams Site 26A construction contract with Thompson Construction, holding the contract sum at $4,339,047.20 while reducing retainage from 10% to 5%. The amendment releases approximately $145,000 in retainage and lowers total withheld funds to about $217,000 through the October 14, 2026 completion date.
Contract Details
Contract Amount
$4,339,047.20 (no dollar change on Change Order No. 02; retainage reduction releases approximately $145,000 and reduces total retainage from approximately $434,000 to $217,000)
Vendor
THOMPSON CONSTRUCTION
Agency
Leshara village, NE
Contract Type
CONSTRUCTION
Document Date
May 8, 2026
Contract Term
Through the completion date of October 14, 2026; contract time unchanged by Change Order No. 02
Renewal Date
2026-10-14
Renewal Info
Change Order No. 02 amends retainage terms by reducing retainage from 10% to 5% for all previously completed work and remaining pay requests until final completion, without altering the substantial completion date or overall contract sum.
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