Payment Hold Settings
Variation
Require Variation Compliance tick box
Choose this setting to automatically place holds on payments to any Subcontractor out of compliance with allocated variations. Contact your Textura implementation team if you think you need to use this setting.
Payment Application
Track Negative Payment Application tick box
Choose this setting to automatically place a hold on payments to Subcontractors who submit negative payment applications.
Track Overbilled Contracts tick box
Choose this setting to automatically place holds on payments to any Subcontractor with a billed amount greater than the current contract value.
Track payment applications with Stored Materials tick box
Choose this setting to automatically place holds on payments to any Subcontractor with billed stored materials.
Track Split Payments tick box
Choose this setting to automatically place holds on payments to any Prime Subcontractor who has a split payment. A Project Manager must manually release payment application Holds on the Edit Payment Status page.
Track Failed payment application Exports
Choose this setting to place automatic holds on all payment applications that are exported. The hold is automatically released when an export receipt is received from the ERP. This setting is available to Main Contractors for projects that have ERP receipts enabled. Main Contractors can use the Edit Payment Status page to manually release this hold. This setting is displayed only if it has been enabled by your Textura administrator.
VAT Invoice
Hold Payment for missing prior period VAT Invoices tick box
Choose this setting to require the system to place a hold on payments for any Subcontractor missing Sub-Tier Subcontractor and Material Supplier VAT Invoices from a previous period.
Hold Payment for missing current VAT Invoices tick box
Choose this setting to require the system to place a hold on payments for missing Sub-Tier VAT Invoices, and then select from four options:
- Require sub-tier unconditional VAT Invoices from all—Choose this setting to automatically place a hold on payments to any Subcontractor missing Sub-Tier unconditional VAT Invoices from the current period
- Require sub-tier conditional VAT Invoices from all—Choose this setting to automatically place a hold on payments to any Subcontractor missing Sub-Tier conditional VAT Invoices from the current period
- Require sub-tier conditional VAT Invoices from Subcontractors of joint check Subcontractors and both conditional and unconditional everyone else—Choose this setting to automatically place holds on payments to:
- Any joint check Sub-Tier Subcontractors missing Sub-Tier VAT Invoices from the current period
- Any non-joint check Sub-Tier Subcontractor missing Sub-Tier conditional or unconditional VAT Invoices from the current period.
- Require sub-tier conditional and unconditional VAT Invoices from all—Choose this setting to automatically place holds on payments to any Subcontractor missing Sub-Tier conditional or unconditional VAT Invoices from the current period.
Last Published Wednesday, July 10, 2024