Finalize Contractual Commitments
Explanation
Finalizing the contractual commitments is considered to be a manual operation.
However, if Applications for Payment is used, the retention must be handled
as well.
- When the contract is completed there is usually a final retention period
agreed in the contract, a period where the customer can report any faults
to be corrected. After the retention period has expired, customers must
pay the retention amount.
- Any interim retentions should also be released at this point if not
already done.
Prerequisites
N/A
System Effects
N/A