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Retentions
Construction retention tracked to the day it's due
for release
Retention withheld per contract. Tracked to release date. Auto-alerted when the defect liability period expires. No more retention held 18 months past due.
10% withheld to 5% cap
Standard AU: 10% per claim until 5% of total contract value reached. Configurable per contract.
Portfolio exposure view
Total retention held across every project. Know your obligations and capital exposure.
THE PROBLEM
A subcontractor’s retention sits on the balance sheet 14 months after they should have been paid out.
Retention withholds are easy to track when they’re small. When there are 200 subbies with retention held across five active projects, it becomes a spreadsheet nobody quite trusts. Some get released late. Some get released early. Both cost money.
Plexa tracks every retention to release date. Auto-alerts when the defect liability period expires. Release triggers reference the head contract, not memory.
Portfolio retention register
Every retention withheld across every project, tracked to release date. Know your exposure. Know your obligations. Release on the day, not two months later.
FAQ
Quick answers: everything you need to know about retentions
What is retention in construction?
How is retention configured in Plexa?
Does retention apply to variations?
How does the release process work?
Can we see total retention held across the portfolio?
Is retention reporting available for QBCC compliance?
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