Finalize Contractual Commitments

Explanation

Finalizing the contractual commitments is considered to be a manual operation. However, if Applications for Payment is used, the retention must be handled as well.

• When the contract is completed there is usually a final retention period agreed in the contract, a period where the customer can report any faults to be corrected. After the retention period has expired, customers must pay the retention amount.
• Any interim retentions should also be released at this point if not already done.

Prerequisites

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System Effects

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Window

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Related Window Descriptions

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Procedure

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