Use this activity to override the retention amount automatically calculated using the retention % on each application for payment item. In most cases the calculated retention will be accurate, but there might be situations where there is a need to use a different retention amount. The most common scenario is when the customer certifies a different retention amount and it needs to be adjusted on our internal certified values to bring them in line with each other. This is done before setting the application for payment to certified.
The override amounts must be keyed in at the item levels.
The application for payment must be in status Submitted.
The calculated retention amount is ignored and the manually entered retention amount is used instead.
Application for Payment
Application for Payment/Item
Valuation