Understanding retention, billing types, revenue codes, and invoiced-line restrictions

SOV options differ between owner and vendor contracts.

Best for: Contract administrators and invoice reviewers · Outcome: Understand why a line behaves differently from another.

• Retention is the percentage withheld from progress payment.
• Billing type can identify progress billing or time-and-material treatment on applicable Prime lines.
• Revenue codes organize owner-side lines when enabled.
• Cost codes and cost types organize vendor-side cost.

An invoiced line cannot freely change the coding that gives prior invoice activity its meaning. Lines created by a Change Order also inherit their change history and should be edited through the source change when possible.

The organization default retention rate starts new records, but line-level values can differ where permissions and status allow. Pay Application PDFs may use the word RETAINAGE for the same general concept.

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