Effective January 1st, Private Works Retention is Capped at Five Percent
                    
          
          
           
        
      On July 14, 2025, Governor Gavin Newsom signed S.B. 61 into law.  S.B. 61 limits the amount that may be withheld for project retention to 5% for new contracts entered into on or after January 1, 2026. S.B. 61 adds…
Natasha BuchananAugust 14, 2025









