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Developers object to Marlborough retainage policy after engineers outline bond estimates for multiple subdivisions
Summary
Engineering staff presented bond estimates for several subdivisions (including $264,000 for 547 Sow Road); a developer criticized the city's retainage and lot‑holding practices as excessive, and staff explained retainage aligns with construction contract practice and that bond and lot holds serve different guarantees.
Engineering staff told the Marlborough Planning Board that the engineering division had inspected subdivisions under construction and tabulated amounts to secure remaining work.
For the 547 Sow Road subdivision, staff reported an estimated security amount of $264,000 to secure remaining improvements. At one point an attendee cited an $800,000 total road estimate for a different subdivision, saying roughly $600,000 of work was complete and about $200,000 remained; that attendee calculated a 10% retainage as about $80,000.
The attendee identified as "Fred"…
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