Update Subcontract Retainage PO Status

Use the Update Subcontract Retainage PO Status application to update and track the status of subcontract purchase orders by recording work completed, stored materials, and retention amounts.

You can establish subcontract purchase order on the Manage Purchase Orders screen with a purchase order Type of Subcontract Retainage PO. Subcontract Retainage POs and subcontractor status updates will be used to generate commitments, accounts payable vouchers, and retention payable journal entries. Currently, subcontract retainage POs are limited to dollar-only PO lines, meaning that quantities, units of measures and unit costs cannot be specified.

You can update subcontract retainage PO completion statuses only for purchase orders with a status of Open, System Closed, or Closed. Costpoint displays an error message if you attempt to load a subcontract retainage PO with a header status of Void or Pending.

Use this screen after establishing the subcontract retainage purchase order (PO) in the Manage Purchase Orders screen.