Releasing or Adjusting Retainage at the Invoice or Funding Level

Access the Advanced Contract Billing Retention Release form.

1. To release retainage, select one of the following options:

   • Invoice Level - All Billing Lines

     The system displays the total retainage amount for all billing lines for the invoice level in the Retained Amount To Release field.

   • Invoice Level - Billing Lines w/o Specific Rules

     The system displays the total retainage amount for all billing lines that do not have a billing line retainage rule in the Retained Amount To Release field.

   • Funding Level - All Billing Lines

     The system displays the total retainage amount for all billing lines for the funding level in the Retained Amount To Release field. If you select this option, you must enter a funding level contract number in the Funding Level field.

   • Funding Level - Billing Lines w/o Specific Rules

     The system displays the total retainage amount for all billing lines that do not have a billing line retainage rule in the Retained Amount To Release field. If you select this option, you must enter a funding level contract number in the Funding Level field.

2. To change the amount to release, complete one of these fields:

   • Retained Amount to Release

   • Retained Percent to Release

3. Select either the Release or Adjust option for the Retainage Type Selection.

   If you select the Release option, the system populates the Retainage Release Only field (RTRE) in the Invoice Summary Work File table (F4822) with R. If you select the Adjust option, the system leaves the RTRE field blank.

4. Click Perform Release/Adjustment.