Retainage & Release

Retainage Done Right

Track, control, and release retainage with precision, ensuring you're paying only when it's due.

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Set Retainage Once

Automatically apply and track retainage, eliminating manual work and ensuring accuracy across projects.

No Missing Payments

The system auto-generates the final retainage invoice when payments are due, ensuring nothing is overlooked.

Avoid Payment Disputes

Clear and organized records ensure smooth retainage deductions and releases, reducing the risk of disputes.

Never Miss Retainage

Automatically generate and send final retainage invoices when payments are due, ensuring timely billing.

Retainage Calculation
Retainage Calculation
Retainage Calculation

Set Retention Rates Easily

Customize retention rates for each project to align with its specific requirements. This ensures that financial planning is accurate and that the retention is aligned with the project's scope and contract, maintaining clarity for both clients and contractors.
  • Set custom rates
  • Align with requirements
  • Ensure financial clarity
  • Error reduction
Retainage Calculation
Retainage Calculation
Retainage Calculation

Auto-Generate Final Invoice

Upon project completion, APARBooks automatically generates the final retention invoice. This reduces human error, ensuring timely and accurate billing and a clear overview of the contract's financial status. No manual adjustments are required after project completion.
  • Automatic generation
  • Timely billing
  • Accurate invoicing
  • No manual adjustments
Retainage Calculation
Retainage Calculation
Retainage Calculation

Adjust Retention Rates Flexibly

Adjust retention rates to match changing project needs. By customizing the retention for each project, you ensure that financial goals are met and that the contract's terms are clearly defined, allowing for better financial management throughout the project.
  • Customize project rates
  • Align with goals
  • Ensure cost accuracy
  • Maintain financial consistency
Retainage Calculation
Retainage Calculation
Retainage Calculation

Simplify Retainage Release Process

Set specific criteria for retainage releases and automate the process, reducing manual work and ensuring timely payments. This helps streamline the final payment steps, ensuring that retainage is released accurately and promptly at project completion.
  • Automate release process
  • Streamline payment steps
  • Payment consistency
  • Error reduction
Project dashboard displaying contracts, invoices, reimbursements, and financial data for construction project tracking.
Total bills summary showing paid amounts, balances, and financial tracking for better cash flow management. Operating expenses list with vendors, categories, amounts, and payment statuses for expense tracking.

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