Step by Value - Contracts and Subcontracts
- Former user (Deleted)
Owned by Former user (Deleted)
There are 3 steps in the calculation, best illustrated by an example. Using the setup in the screenshot for Retention Code RET1
Claim Value | Step 1 Basis | Step 1 Retention | Step 2 Basis | Step 2 Retention | Step 3 Basis | Step 3 Retention | Total Retention |
50,000 | 10% of 50,000 | 5,000 |
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| 5,000 |
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300,000 | 10% of 100,0000 | 10,000 | 5% of 200,000 | 10,000 |
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| 20,000 |
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600,000 | 10% of 10,0000 | 10,000 | 5% of 400,000 | 20,000 | 2.5% of 100,000 | 2,500 | 32,500 |