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

SOV options differ between the Prime Contract and vendor Commitments.

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 Prime Contract lines when enabled.
• Cost codes and cost types organize subcontractor and other vendor costs.

Once a line has invoice activity, changing its coding can make earlier billing harder to understand. Lines created by a Change Order also carry that change history, so edit them through the original 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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