Contract Settings for Owners

Do not allow the general contractor to modify the schedule of values

Select this setting to prevent the General Contractor from making changes to the project Schedule of Values.

Use serial approval for general contractor invoice

Choose this setting to allow multiple Owner Approvers to approve the General Contractor invoice in a specific order.

Require signatures on general contractor invoice

Displays when you choose the Use serial approval for general contractor invoice setting. Approving the General Contractor invoice requires Approvers to apply a signature.

Project Retention Mode

The settings under this section allow you to choose Subcontractor retention settings. The type of retention held and the displayed fields—line item or contract retention—depend upon the General Contractor's retention mode. These settings apply as the default for manually created subcontracts. Imported subcontracts may override the retention rule created in this section.

Line Item

Enter a default retention percentage to hold against each invoiced line item. If left blank, the retention held percentage defaults to 10% for all line items.

General Contractor Contract Retention Rate

The percentage of retention held on the General Contractor's invoice.

You can also choose to allow General Contractors to control this setting.

Allow access to subcontractor budget information (Open Book)

Choose this setting to allow Above the Line project participants to view Below the Line project participant billings.

You can also choose to allow General Contractors to control this setting.