Subcontract Retentions

Subcontract Retentions Overview

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

• 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 Subcontract to date basis. You can overwrite the calculated retention amount at the time. However next time you calculate retentions it will recalculate the Subcontract to Date amount

• The Retentions are deducted from Claims on the Subcontract and are added to a cost balance on the Retention Job, as defined in the Control File. Note that the Activity Code on the Retention line is as per the Control Parameter 'Retention Activity 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 cost transactions for all the Sub contract claim retentions.

Note that for Subcontracts the Retention Value is displayed in the bottom right of the screen