Iowa
For Iowa, public project retainage cap (%) is 5%; private project retainage cap (%) is no statutory cap in this section; release deadline is per section 573.14; escrow required is no; milestone reduction is none, recorded from its source on 2026-08-17.
- State
- Iowa
- Public project retainage cap (%)
- 5%
- Private project retainage cap (%)
- no statutory cap in this section
- Release deadline
- per section 573.14
- Escrow required
- no
- Milestone reduction
- none
- Statutory citation
- Iowa Code § 573.12 our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
The public corporation shall retain from each monthly payment not more than five percent of that amount which is determined to be due according to the estimate of the architect or engineer.
— legis.iowa.gov, retrieved 2026-08-17
Source
- legis.iowa.govhttps://www.legis.iowa.gov/docs/iacode/2001/573/12.html