Tennessee
For Tennessee, public project retainage cap (%) is 5%; private project retainage cap (%) is 5%; release deadline is 90 days after completion of the work or 90 days after substantial completion; escrow required is yes; milestone reduction is none, recorded from its source on 2026-08-17.
- State
- Tennessee
- Public project retainage cap (%)
- 5% verified
- Private project retainage cap (%)
- 5% verified
- Release deadline
- 90 days after completion of the work or 90 days after substantial completion
- Escrow required
- yes
- Milestone reduction
- none
- Statutory citation
- Tenn. Code Ann. § 66-34-103 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
Next (a) All construction contracts on any project in this state, both public and private, may provide for the withholding of retainage; provided, however, that the retainage amount may not exceed five percent (5%) of the amount of the contract.
— law.justia.com, retrieved 2026-08-17
Source
- law.justia.comhttps://law.justia.com/codes/tennessee/title-66/chapter-34/part-1/section-66-34-103/