Nevada
For Nevada, public project retainage cap (%) is 5%; private project retainage cap (%) is no statutory cap; release deadline is within 30 days after occupancy, use, or recording of notice of completion, whichever occurs first; escrow required is no; milestone reduction is after 50% of the work has been completed, the public body may pay remaining progress payments without withholding additional retainage, recorded from its source on 2026-08-15.
- State
- Nevada
- Public project retainage cap (%)
- 5%
- Private project retainage cap (%)
- no statutory cap
- Release deadline
- within 30 days after occupancy, use, or recording of notice of completion, whichever occurs first
- Escrow required
- no
- Milestone reduction
- after 50% of the work has been completed, the public body may pay remaining progress payments without withholding additional retainage
- Statutory citation
- NRS 338.515
What the source says
Ninety-five percent of the amount of any progress payment must be paid and 5 percent withheld as retainage until 50 percent of the work required by the contract has been performed.
— leg.state.nv.us, retrieved 2026-08-15
Source
- leg.state.nv.ushttps://www.leg.state.nv.us/nrs/nrs-338.html