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 no; milestone reduction is owner may reduce or eliminate retainage if work is progressing satisfactorily, recorded from its source on 2026-08-17.
- State
- Minnesota
- Public project retainage cap (%)
- 5%
- Private project retainage cap (%)
- 5%
- Release deadline
- 60 days after substantial completion
- Escrow required
- no
- Milestone reduction
- owner may reduce or eliminate retainage if work is progressing satisfactorily verified
- 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
Source
- revisor.mn.govhttps://www.revisor.mn.gov/statutes/cite/337.10