SM Retainage: This Bills Retg %

This field displays the percent that stored materials retainage is calculated for this contract and billing.

If stored material retainage has been calculated for contract items, the field defaults a rate based on the total stored materials retainage withheld for all items and the number of items. Otherwise, defaults to 0.00; may be overridden. Be aware that by entering a value in this field, you will override any rates specified at the contract item level.