Welcome to the American Subcontractors Association
Sample Retainage Letter
Letters in support of HB 497 must start overwhelming our legislators!! Below is a sample letter you can use to send to your local representative.
PLACE LETTER ON YOUR COMPANY LETTERHEAD
The Honorable [NAME OF REPRESENTATIVE]
Ohio House of Representatives
77 South High Street
Columbus, Ohio 43215
RE: Support for House Bill 497 (Retainage Reform)
Dear Representative [LAST NAME OF REPRESENTATIVE]:
I am contacting you to ask for your support for House Bill 497, sponsored by Representative John Hagan. House Bill 497 will extend retainage practices on public work to that of private work, limit delays in payment of retainage, and make other related changes to ensure prompt payment to those who satisfactorily perform work. This is very important legislation for our construction industry, and specifically my company. HB 497 will free up our company’s funds to invest back in the Ohio economy by way of purchasing new equipment and hiring more employees.
Reforming retainage is important because
[PLEASE INSERT A PARAGRAPH EXPLAINING HOW RETAINAGE IMPACTS YOUR COMPANY AND WHY IT SHOULD BE REGULATED]
Our company, [NAME OF YOUR COMPANY] is currently owed [$ AMOUNT OF RETAINAGE] in retainage. This is money owed for work that has been satisfactorily completed. My company has earned this money, yet we must wait for payment. Meanwhile, our employees still have to be paid weekly, suppliers still have to be paid monthly, and our expenses still have to be paid in full. Retainage is a major financial impediment to my growing business.
Please support House Bill 497 and vote for its passage.
Sincerely yours,
[YOUR NAME]
Please feel free to modify or completely rewrite this letter to fit your personal style and add any other helpful information.
