West Virginia Retainage Overview

Retainage serves two general purposes: (1) To provide an incentive to the contractor or subcontractor to complete the project; and (2) To give the owner some protection against problems like liens, contractual defaults, delays, and more. In most states, laws exist to regulate how the parties use the retainage concept, mostly protecting some parties against abuse of the tool from others. The following are resources, legal information, and frequently asked questions about West Virginia’s retainage requirements. The West Virginia retainage statutes are reproduced below on this page.

West Virginia Retainage for Private Projects FAQs

West Virginia Retainage FAQs

Does West Virginia limit the amount of retainage that can be withheld from a contractor?

This is not specified for private projects in West Virginia.

How long can a party withhold retainage in West Virginia?

This is not specified for private projects in West Virginia.

Does West Virginia require retained funds be deposited in a special account? Can securities be substituted for retainage?

This is not specified for private projects in West Virginia.

How can I make a claim to recover retainage in West Virginia?

This is not specified for private projects in West Virginia.

Is there a specific notice required to recover retainage in West Virginia?

This is not specified for private projects in West Virginia.

West Virginia Retainage for Public Projects FAQ

WEST VIRGINIA Retainage FAQs

Does West Virginia limit the amount of retainage that can be withheld from a contractor?

This is not specified for public projects in West Virginia.

How long can a party withhold retainage in West Virginia?

This is not specified for public projects in West Virginia.

Does West Virginia require retained funds be deposited in a special account? Can securities be substituted for retainage?

This is not specified for public projects in West Virginia.

How can I make a claim to recover retainage in West Virginia?

This is not specified for public projects in West Virginia.

Is there a specific notice required to recover retainage in West Virginia?

This is not specified for public projects in West Virginia.

West Virginia Retainage Statutes

West Virginia does not provide statutes governing retainage for private or public projects.

Retainage Statute on Private Projects

N/A

West Virginia does not provide a specific retainage statute for private projects.

Retainage Statute on Public Projects

N/A

West Virginia does not provide a specific retainage statute for public projects.