E1: 52: How Does Contract Billing Calculate Retainage Amounts When Using the Percent Complete Functionality in Retainage Rules (P5204)? (R52121/P5222) (Doc ID 2977788.1)

Last updated on OCTOBER 02, 2023

Applies to:

Goal

When creating contract billings with retainage set up with the percent complete functionality in the Retainage Rule (e.g., P5404, 5% to 80%/2.5% to 100%), how does the system determine how much to retain if the billing amount crosses the percent retainage threshold? For example:

- Retainage Rules Table (P5404): 5% Retainage to 80% Complete, 2.5% Retainage to 100% Complete
- Schedule of Values = 100
- Billing Amount is 85

Will the system calculate 5% retainage, 2.5% retainage, or a combination of both?
 

Solution

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