Editing Contract Level Retention on an Existing Contract

To edit contract level retention on an existing contract:

  1. Access the Edit Contract dialog box from the Subcontract List page or the Contract Maintenance page.
    1. From the Subcontract List page, select the Action icon and select Edit Settings.
    2. From the Contract Maintenance page, select Edit Settings button.

    The Previous Retention field, shows the total retention held in prior draws.

    Contact Oracle Support if you need to change previous retention.

  2. (Optional) Change the:
    • Automatically release retention option. Select the check box to automatically release retention held each time the contract value reaches a new retention rate trigger. The retention release occurs in the draw following the time the contract reaches the retention trigger threshold
    • Percentage of the contract that must be completed to trigger the second retention rate
    • Retention rate to be enforced after the contract reaches the trigger
    • Percentage of the contract that must be completed to trigger the third retention rate
    • Retention rate to be enforced after the contract reaches this second trigger.
  3. Save your changes.