Enable Retainage on a Commitment

Objective

To enable retainage on a commitment using the project's Commitments tool.

In Procore, you can enable a retainage percentage amount in the Commitments tool:

Completed Work Retainage. An agreed-upon amount on a contract that is withheld from a contractor/subcontractor to ensure the work is satisfactorily complete on a construction project.
Stored Material Retainage. Retainage can also be allocated on a contract for stored materials to ensure sufficient materials are available for work.

Required User Permission:
- To create/edit a commitment, 'Admin' level permission on the project's Commitments tool.
  OR
- To create/edit a commitment as a user with 'Standard' or 'Read Only' level permission to the Commitments tool, the 'Create Subcontract', 'Create Purchase Order', 'Update Subcontract', and/or 'Update Purchase Order' granular permission must be enabled on the permission template associated with your user account on the project. See "Grant Granular Permissions in a Permission Template" in the See Also section below.
Additional Information:
- If you want to enable either of these settings on all of the project's new commitments, enable the options in the 'Default Contract Settings' area of the Commitment tool's Configure Settings page. See "Configure Advanced Settings: Commitments" in the See Also section below.

To enable retainage on a purchase order or subcontract:

Navigate to the project's Commitments tool.
This reveals the Commitments page.
Locate the desired purchase order or subcontract in the Commitments tab. Then click View.
This opens the selected commitment.
Click the Advanced Settings tab.
Click Edit.
This places the commitment into edit mode.
Scroll to the Invoice Settings area. Then:
- For commitments formatted as a Unit Quantity:
  Place a checkmark in the Enable Completed Work Retainage box (Note: Commitments formatted as a unit quantity must be billed as Completed Work and NOT Stored Materials).
  OR
- For commitments formatted as Amount Based:
  Place a checkmark in one or both boxes:
  - Enable Completed Work Retainage.
    AND/OR
  - Enable Stored Material Retainage. To learn more, see "How do I bill for stored materials in Procore?" in the See Also section below.
Click Save.
This updates your invoice settings on the commitment.