West Virginia Retainage Guide and FAQs

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West Virginia Retainage FAQs

West Virginia Retainage Overview

West Virginia Retainage Requirements


  • Private Jobs
  • Public Jobs
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Retainage Unregulated Icon
Retainage Limit

Not Regulated by State Law


Payment Period Not Regulated Icon
Pay Period

Not Regulated by State Law


NO
PROCESS
There's No Process to Recover

N/A


No Escrow Icon
Not Held In Escrow

In West Virginia, contractors and owners do not need to hold retainage funds in a separate escrow account.

Retainage Unregulated Icon
Retainage Limit

Not Regulated by State Law.


Payment Period Not Regulated Icon
Pay Period

Not regulated by State Law.


NO
PROCESS
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 West Virginia’s retainage requirements. The West Virginia retainage statutes are reproduced below on this page.

West Virginia Retainage Frequently Asked Questions

West Virginia Retainage Private Projects 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 Public Projects 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.

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West Virginia Retainage
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West Virginia Retainage Statute FAQs

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.

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