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Bill > HB3265


OR HB3265

Relating to retainage in public improvement contracts.


summary

Introduced
01/21/2025
In Committee
01/24/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: Tells a state agency to do a study about how to make sure that contractors do the work on construction projects that they are supposed to do. (Flesch Readability Score: 63.4). Requires the Oregon Department of Administrative Services to study alternative methods to implement retainage provisions in public improvement contracts. Directs the department to submit findings to interim committees of the Legislative Assembly related to public procurement not later than September 15, 2026.

AI Summary

This bill directs the Oregon Department of Administrative Services to conduct a comprehensive study on alternative methods for implementing retainage provisions in public improvement contracts, which are agreements for construction or infrastructure projects where a portion of payment is typically withheld (retainage) to ensure satisfactory project completion. The department is required to submit a report, which may include legislative recommendations, to interim legislative committees focused on public procurement by September 15, 2026. The study and reporting requirement will automatically expire on January 2, 2027, effectively making this a time-limited directive for the department to explore potential improvements to how contractors are paid and held accountable in public construction projects.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Commerce and Consumer Protection. (on 01/24/2025)

bill text


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