Washington DC Retainage Requirements
- Private Jobs
- Public Jobs
- Top Links
Retainage Limit
Not Regulated by State Law
Pay Period
Not Regulated by State Law
There's No Process to Recover
N/A
Not Held In Escrow
Not Regulated by State Law
10 Percent
10% retainage required on all contracts. When 50 percent of the work is complete,<br /> the mayor has discretion to eliminate or reduce the retention.
Retainage Pay Period
There is no specific regulation for when retainage must be paid.
There's No Process to Recover
Not specified
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 Washington DC’s retainage requirements. The Washington DC retainage statutes are reproduced below on this page.
