States / Hawaii / SB 1587

SB 1587 Passed First Chamber

RELATING TO RETAINAGE.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Allows procurement officers to withhold a retainage fee from the total budget from contractors to ensure satisfactory project completion. Requires the retainage fee to be paid to contractors within a certain number of days of project completion. Applies to public contracts executed on or after 1/1/2026. Effective 1/1/2491. (SD1)

Chamber
Senate
Introduced
Jan 23, 2025
Last action
Jan 23, 2025 — Introduced.
Session
2026
Momentum
54 · Moderate