Enter the retainage percent for this contract item. When creating a new contract item, this field defaults with the retainage percent set up on the contract (Default Retainage Percentage field in the JC Contracts form).

When you create new subcontract items in the PM and SL modules, this value will be used as the default retainage percentage.

The diagram below outlines how the system will select the default retainage percentage for subcontract items when they are created in the PM and SL module.

JC Contracts

JC Contract Items