Overriding Component Level Retention on a Contract

To override component level retention on a contract:

  1. In the Cost Code Breakout/Schedule of Values (SoV) table, select the Retention tab.
  2. Select a component to edit.

    The selected line displays in yellow.

  3. In the Override Retention column, enter a new retention rate.
  4. The value entered in the Override Retention column applies to any future invoices the Subcontractor submits. Retention does not update retroactively.
  5. (Optional) In the Default retention % field, enter a new number to update the default retention.
  6. Select the Save Changes button.
    • A Status page confirms the contract has been saved.
    • When the Subcontractor enters an invoice for the next draw, the application automatically calculates the retention against the rates you entered.