Component Level Retention Overview
The Allow Component Retention Override setting allows you to apply different retention rates to contract components on the system. Subcontractors see each component as a separate table in a contract. Each component can include multiple budget line items. The override applies to all the SoV line items associated with a component.
This setting is helpful for scenarios similar to the following:
Imagine you want to hold 5% retention for stored materials but 10% retention for all other line items in an invoice. You must add a Stored Materials component for the Subcontractor to bill against.
If a Subcontractor bills for stored materials on any other component, the default retention is held.
Last Published Wednesday, July 10, 2024