Minnesota
For Minnesota, public project retainage cap (%) is 5%; private project retainage cap (%) is 5%; release deadline is 60 days after substantial completion; escrow required is not addressed in Minn. Stat. § 337.10; milestone reduction is owner may reduce or eliminate retainage if work is progressing satisfactorily, recorded from its source on 2026-08-17.
- State
- Minnesota our reading
- Public project retainage cap (%)
- 5%
- Private project retainage cap (%)
- 5%
- Release deadline
- 60 days after substantial completion
- Escrow required
- not addressed in Minn. Stat. § 337.10
- Milestone reduction
- owner may reduce or eliminate retainage if work is progressing satisfactorily
- Statutory citation
- Minn. Stat. § 337.10 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
Retainage on a building and construction contract may not exceed five percent. An owner or owner's agent may reduce the amount of retainage and may eliminate retainage on any monthly contract payment if, in the owner's opinion, the work is progressing satisfactorily.
— revisor.mn.gov, retrieved 2026-08-17
Where each value comes from
This source states these in separate places, so each value is shown with the passage that states it.
Release deadline
(c) The owner or the owner's agent must release all retainage no later than 60 days after substantial completion subject to the terms of this subdivision.
Statutory citation
337.10 BUILDING AND CONSTRUCTION CONTRACTS; PROHIBITED PROVISIONS.
— all from revisor.mn.gov, retrieved 2026-08-17
Source
- revisor.mn.govhttps://www.revisor.mn.gov/statutes/cite/337.10