In the Project View, expand a project, expand the Contract Information folder and click Purchase Orders or one of the Contracts modules.
Open in Edit mode the contract or purchase order for which you want to set retainage preferences.
From the Select an action drop-down list, choose Cost Options to open the Cost Options Dialog Box.
In the Retainage Calculation section, select one of the following as the default method for recording retainage:
Calculate the Retainage Using Summary Percentages: If you select this method, you can further specify % of Completed Work and % of Stored Materials.
Enter Retainage on Line Items: If you select this method, you can further specify the retainage rate (column I).
Enter Total Retainage in the Requisition Summary: If you select this method, you will enter all retainage information on the Requisition Summary tab of the Requisition Document Window.
Click Save. These settings control how retainage is entered in requisitions generated from this contract or purchase order.
