How to configure a subcontractor retainage process for Microsoft Dynamics AX 2012

Subcontractor retainage is the money that is owed by a prime contractor to ensure the agreed subcontractor work satisfies the contractual obligation.  It is an essential part of subcontractor invoicing cycle in the contracting and construction industry. To understand how to manage retainage in the context of a business process managed by Microsoft Dynamics AX, this article will explore both the business rules and system setup behind the model.

There are two types of retainage - withheld by customers and withheld from subcontractors. This article will only cover retainage withheld from subcontractors. If you are looking for retainage withheld by customer, please read this earlier article.

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About Muhammad Burhan

Presently I am working in Intergen Ltd a renowned Microsoft Gold Partner in New Zealand and Australia region as a Dynamics Consultant.

I have more than 13 years' industrial experience. I am experienced in implementing various ERP modules (Finance, Production, Supply Chain, Project Management and accounting and HRM) of Microsoft Dynamics AX 2009 & 2012 from initiation to closure.

As a Microsoft Certified Technology Specialist and PMP certified with a Masters degree in computer science, I have extensive technical skills, and the ability to work cross functionally in a time intensive environment, I eagerly await more career challenges that can be met by my enterprising attitude and organizational capabilities.

Implementation experience in the following industry sectors:

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minivan