Retainage

The retainage functionality within Advantage includes setting contracts up with retainage, tracking all retainage withholding, payment of retainage, and forfeiture of retainage. This topic describes the retainage process and the means in which all the transactions are done in Advantage. The following items are covered in this topic:

• Retainage Setup

• Establish Retainage Terms

• Hold Retainage

• Entering or Overriding Retainage Terms on a Payment Request

• Retainage Released / Forfeited

• Collateral