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SL Retainage Adjustment

SL Retainage Adjustment updates retainage percentages for subcontracts on a job (or a specific subcontract) without reworking the original entry line by line.

Before you start

  • Know the job or subcontract and the new retainage percent from the contract.

Steps

  1. Open SL Retainage Adjustment.
  2. Select the job or subcontract.
  3. Enter the new retainage percentage.
  4. Review the proposed changes.
  5. Submit/save to apply the new percentages.

Notes

  • Wrong job or subcontract selection updates retainage on the wrong commitments.
  • New percentages should match contractual agreements.