Client Contract Retentions

Contract Retentions Overview

• Retentions are automatically calculated when creating a Contract Claim, based on the Retention Code attached to the Contract.

• Retentions are calculated by clicking the Calc Retentions button. You will be forced to click the Retention button before you can escape this screen if there are Retentions being held on the Contract.

• Retentions are always calculated on a contract to date basis. You can overwrite the calculated retention amount at the time. However next time you calculate retentions it will recalculate the Contract to Date amount

• The Retentions are deducted from Claims on the Contract and are added to a revenue balance on the Retention Job, as defined in the Control File. Note that the Sales Code on the Retention line is as per the Control Parameter 'Retention Sales Code, and the Job Code on the line is the Retention Job as per the Control Parameter 'Retention Job.

• A Job Enquiry on this Retention job shows sales transactions for all the contract claim retentions.

Claim lines for Retentions must always have the Retention Sales Code and Retention Job.