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Options | Description |
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None | None applied. |
Original Contract Sum | Retention is based on the original contract amount |
Adjusted Contract Sum | Retention is based on the original contract amount plus all approved variations |
Bank Guarantee | If selected a percentage is withheld until specified datesyou'll be able to enter the percentage guaranteed and report on the milestone dates |
Practical Completion released % | Percentage of retained sum for Practical completion |
Final Completion released | Percentage of retained sum for Final completion |
Retention fund | If selected a percentage of payment is withheld from certified claims |
Retention per claim | The percentage of the claim that is withheld |
To Max | The upper limit of the retention fund as expressed as a percentage of the contract. |
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