[JB] Holding Retainage or Holdback on T&M Bills

1. Set Up in JC Contract Master:

   • Go to JC > Programs > JC Contract Master.

   • Set Bill Type to B-Both.

   • Enter a retainage percentage.

   • You can set this for all items (Info tab) or individual items.

   • If changing from T&M to Both, you’ll get a prompt—click Yes to update all items or No to update only selected items.

2. Set Up in JB T&M Template:

   • Go to JB > Programs > JB T&M Template Setup for the contract’s template.

   • Create a Total Addon sequence below the source sequences that will have retainage.

   • Set Markup Option to R-Retainage.

   • No need to enter a markup rate (it uses the JC Contract Master rate).

   • On the Basis tab, click Initialize Basis of Addon to select which sequences retainage applies to.

   • Once bills are initialized, retainage will automatically be held based on these settings.
     

Releasing Retainage or Holdback on T&M Bills

1. Prepare Progress Bill:

   • Go to JB > Programs > JB Progress Billing.

   • Create a new bill with no amounts billed.

   • Enter + or N in the Bill Number field, then tab to enter Invoice number and Contract number, and Save.

2. Release Retainage:

   • Open JB Release Retainage. It should default to the bill just created.

   • If not, select the correct Bill Month & Bill Number.

   • Enter the amount or percentage to release and Save.

3. Optional:

   • You can release retainage on a bill that also has billed amounts if:

     • In JB Company Parameters, the box “Allow changes to Progress Bill data when both Progress and T&M exists” is checked.