Monitor Retention on Contract

Explanation

It is important to keep track of all the retention accumulated on the contract. The interim retention will normally be released at defined milestones throughout the contract execution, whilst the final retention normally is released at a later point in time. To support the process of releasing retention, dates for releasing both interim and final retention can be defined. The intention of these dates is to assist the user in releasing the retention when the dates are reached.

Since the interim retention is automatically released, to some extent, when creating and submitting applications (check whether the status of the contract is Completed) the main usage of this window is to monitor when to release the final retention.

Prerequisites

System Effects

Information regarding the accumulated retention and when it will be released can be obtained.

Window

Due Contract Retention

Related Window Descriptions

Due Contract Retention

Procedure

  1. Open the Due Contract Retention window.
  2. It is possible to query and doing Group & Sum to find which applications that should have the retention released.