REMINDER: 20% RETAINAGE PRIOR TO PROJECT COMPLETION
Please remember that, per your Grant Agreement, MEA can only issue up to eighty percent (80%) of the total grant award prior to the submission of the Final Deliverables, as defined in Attachment B (Scope of Work) to the Grant Agreement. You are free to request the remaining twenty percent (20%) after MEA has received the Final Deliverables.
If you have not yet submitted the Final Deliverables, and you submit a reimbursement request that exceeds 80% of the funds paid out so far, MEA will only pay up to an amount that results in no more than 80% of the total grant funds being paid out. The Grantee will need to submit another reimbursement request for the remaining 20% after MEA has received the Final Deliverables.