Cost Plus In Construction In Minnesota
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FAQ
Does Minnesota limit the amount of retainage that can be withheld from a contractor? Retainage cannot exceed 5%. During the project, this may be reduced/eliminated if progress is satisfactory.
How to Get a General Contractor License in Minnesota Step 1: Register for the How to Pass the Minnesota Contractor Licensing Exam® Course Step 2: Register for Your Minnesota Residential Contractor Exam. Step 3: Attend How to Pass the Minnesota Contractor Licensing Exam Course. Step 4: Take the Exam.
Retainage is limited to no more than 5% of monthly contract payments. This may be reduced/eliminated if progress is satisfactory.
