Set or Release Retention on a Subcontractor Payment Application

Objective

To set or release retention for line items on a subcontractor payment application with the Commitments tool. 

Background

Things to Consider

• Required User Permission:
  • To edit a payment application before/during/after the current billing period,  'Admin' on the Commitments tool
    OR
  • To edit a payment application, during the current billing period only, 'Standard' on the Commitments tool. 
    AND
    • A member of the 'Private' drop-down list on the commitment.
      Note: Members of the 'Private' list are automatically added as an 'Payment Application Contact' on the commitment. See Create Payment Application Contacts.
• Additional Information:
  • To set the same percentage of retention on all line items in the payment application, enter a value to apply to all line items in the payment application.
  • To release retention on all line items, enter a value  to apply to all line items. This move the desired percentage from the 'Currently Retained' column to the 'Released This Period' column.
  • For customers in Australia , you can also manage withholding using the sliding scale retention feature. To learn more, see What is sliding scale retention?

Prerequisites

• Create a Commitment
• Enable Retention on a Commitment
• Create a Payment Application on Behalf of a Subcontractor or Create a Payment Application on Behalf of a Subcontractor

Steps

1. Navigate to the project's Commitments tool.
2. Click the Payment Applications tab. 
3. Locate the subcontractor payment application that you want to work with.
4. Click the Detail tab.
5. Click the Edit button. 
6. Choose one of the following:
   • Set Retention on All Line Items
   • Release Retention on All Line Items

See Also

• Create a Subcontractor Payment Application for the Release of Retention
• Enable Retention on a Commitment