(1) The party to a
construction contract who established and operates a retention money trust
account may employ, or otherwise engage, an agent to act on behalf of the
party in making payments of money held on trust or doing other acts relating
to the administration of the account.
(2) The party is
liable for the acts and defaults of its agent as if they were the
party’s own acts and defaults.
(3) The costs of
employing or otherwise engaging an agent are not recoverable from a retention
money trust account or from any of the other beneficiaries of the trust.