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Defining Variable Retainage Rules

Proliance makes it possible for you to vary the amount of retainage against a line item over the lifetime of a contract. For example, you can take 10% retainage for the first 50% of progress, then take no retainage for the remaining 50%. When the contract fully invoiced, the total retainage in this case will end up at 5% of the total contract.

You must manage retainage at the summary level to be able to use variable retainage rules. You define these rules on the contract's Settings page.

When using variable retainage rules, you cannot partially release retainage. Your only option is to release all of the retainage at the same time, using the Retainage Options dialog box. For more information, see "Releasing Retainage From an Invoice".

To define a variable retainage rule

1. Open the Contracts register.
2. Select the contract to open.
3. Click the Settings page,
4. Expand the Retainage section and choose summary-level retainage.
5. Under Retainage, in the Up to % of Base box, type a percentage value.
6. In the General Work Percentage box, type the percentage of the line item's value that Proliance should take against the general work portion of a line item until progress against the line item reaches the Up to % of Base amount.
7. In the Percent on Remainder box, type the retainage percentage that Proliance should take once progress against the general work portion of a line item equals or exceeds the Up to % of Base amount.
8. Click Save.

Proliance saves the variable retainage rule.

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