Releasing or Adjusting Retainage for a Billing Line for an Advanced Contract Billing Contract

Access the billing line revisions form that corresponds to the billing line type for which you are releasing retainage.

To release the retainage amount for a billing line:

1. Select the Retainage tab.

2. Revise the retainage amount using one of these fields:

   • CURRENT

   • %

   • TO DATE

   • %

3. Select either the Retainage or the 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 OK.

Note: The retainage amount and percentage on this form refer to the amount or percentage to retain, not the amount or percentage to release. To release retainage, decrease the retainage amount or percentage. To release all retainage for the billing line, enter 0 as the retainage amount or percentage.