Retention percentages related to individual purchase orders can be maintained on the “Text/Retention” tab of the order.
In the example above, each progress invoice entered against this purchase will retain 10% of each invoice, until the threshold of 5% of the purchase order value has been reached.
Retention Rules for this training:
•Invoice value 10%
•Cap 5% of contract value
Currently, the retention settings include purchase order revisions.
|
|
If the supplier has default retention percentages, those percentages will be automatically applied to new purchase orders. Users will need to ensure the retention values on the order are correct, and adjust if necessary, before finalising/committing the purchase order. |
