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

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.

## Source

- https://www.leg.state.nv.us/nrs/nrs-338.html

Last verified: 2026-08-15. Review by: 2027-08-15.
Part of [Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations](https://referencesource.org/construction-retainage-limits-by-state/).