Reference Source

Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations

State-by-state comparison of the statutory rules governing retainage (retention) on construction contracts. Each record is one state with the maximum retainage percentage for public and private projects, the deadline for releasing retained funds after substantial completion, whether retainage must be held in an interest-bearing escrow account, whether the cap is reduced after a completion milestone (e.g. 50% complete), and the statutory citation. Caps range from 0% (New Mexico) to 10%, with a strong trend toward 5%. Answers 'how much retainage can be withheld on my project in [state]', 'when must retainage be released', and 'does my state require retainage escrow'.

Records11
Sources5
Verified
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Licenceunknown

The data

StatePublic project retainage cap (%)Private project retainage cap (%)Release deadlineEscrow requiredMilestone reductionStatutory citation
California5%not addressed in this statuteupon final completion and acceptance of the projectnot addressed in this statuteafter 95% of the work has been completed, the department may reduce the funds withheld to an amount not less than 125 percent of the estimated value of the work yet to be completedCal. Pub. Cont. Code § 10261
Connecticutno statutory cap stated on this pageno statutory cap stated on this pagenot stated on this pagepublic onlynonenot stated on this page
Florida5%no statutory capsame time limits for payment of a payment request apply regardless of whether the payment request is for, or includes, retainagenononeFla. Stat. § 255.078
Louisianano statutory cap stated on this pageno statutory cap stated on this pagenot stated on this pageyesnonenot stated on this page
Michiganno statutory cap stated on this pageno statutory cap stated on this pagenot stated on this pagepublic onlynonenot stated on this page
Nevada5%no statutory capwithin 30 days after occupancy, use, or recording of notice of completion, whichever occurs firstnoafter 50% of the work has been completed, the public body may pay remaining progress payments without withholding additional retainageNRS 338.515
New Mexico0%0%not applicablenononeN.M. Stat.
New York5%5%not stated on this pagenot stated on this pagenonenot stated on this page
Ohiono statutory cap stated on this pageno statutory cap stated on this pagenot stated on this pagepublic onlynonenot stated on this page
Tennesseeno statutory cap stated on this pageno statutory cap stated on this pagenot stated on this pageyesnonenot stated on this page
Virginia5%no statutory capincluded in the final paymentnononeVa. Code § 2.2-4333

Where this came from

Every record above links the page it was taken from and quotes the sentence that states it. These are the 5 sources this dataset was assembled from.

Machine-readable

11 records. last verified against source . due for re-check by .

Licence. unknown