We are asking for both. Most use case is from the contract, owner holds 10% retainage on all costs for a project. Regardless if it's a PO or a subcontract. GC/subcontractor orders doors, windows, a dump truck for one day, elevator company hires concrete cutter to cut holes for two elevator doors. They might not create a subcontract to bring a dump truck for one day. But per contract, hold retainage. Subcontractor can argue blue in the face not to hold retainage, but GC is getting paid retainage held, they hold retainage on sub/vendor.
Retainage/Retention/Holdback is usually a feature in most CRE products applied to Prime Invoice of Subcontract Invoices. Are you asking for Retainage on Purchase Orders? We are considering the idea of Retainage by Job Cost Code. The idea of using Retainage on a PO is new. Can you provide a use case(s) of Retainage required on a Purchase Order and Vendor Bill?
https://sageproducts.aha.io/ideas/ideas/SAGECM-I-339 merged into https://sageproducts.aha.io/ideas/ideas/SAGECM-I-51
https://sageproducts.aha.io/ideas/ideas/SAGECM-I-51 was promoted to https://sageproducts.aha.io/features/SAGECM-22
See also https://sageproducts.aha.io/ideas/ideas/SAGECM-I-445
We are asking for both. Most use case is from the contract, owner holds 10% retainage on all costs for a project. Regardless if it's a PO or a subcontract. GC/subcontractor orders doors, windows, a dump truck for one day, elevator company hires concrete cutter to cut holes for two elevator doors. They might not create a subcontract to bring a dump truck for one day. But per contract, hold retainage. Subcontractor can argue blue in the face not to hold retainage, but GC is getting paid retainage held, they hold retainage on sub/vendor.
Retainage/Retention/Holdback is usually a feature in most CRE products applied to Prime Invoice of Subcontract Invoices. Are you asking for Retainage on Purchase Orders? We are considering the idea of Retainage by Job Cost Code. The idea of using Retainage on a PO is new. Can you provide a use case(s) of Retainage required on a Purchase Order and Vendor Bill?