Automatic Retainage Reduction

You can set a project's retainage rate to automatically reduce when certain project milestones are achieved.

Sliding Scale Retainage is a construction industry practice to balance payment protection for contractors. Instead of a fixed percentage of funds being withheld as retainage throughout the entire duration of the project, this approach involves reducing the retainage rate when a specific project milestone is achieved.

In Trimble Pay, Automatic Retainage Reduction accomplishes this.

Automatic Retainage Field Values

To view the rates and thresholds governing each contract's retainage:
  1. Navigate to a project contract.
  2. Select Retainage.

    The Automatic Retainage Rules pane is centered on the page.

Each value is described here.
FieldDefinition
Starting rateThe standard retainage rate applied to all invoices until the the Threshold is met, that is, until the Balance to threshold value is $0.
Trigger rateThe percentage of the entire contract value which must already be withheld in order for the Starting rate to expire and for the Finishing rate to activate.
Finishing rateThe retainage rate in effect after the Threshold has been withheld, that is, once the Balance to threshold is $0.
ThresholdThe dollar amount which must already be withheld from already-submitted invoices that will trigger the automatic reduction in the retainage rate being held from future invoices.
Balance to thresholdThe dollar amount yet to be withheld before the Starting rate expires and the Finishing rate is activated.