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How to Set Default Holdbacks and Taxes

1. Open the project in “My Bids and Tenders” or “My Contracts.” Scroll down in the “Overview” tab until you find “Configurations”:

  • You will see a list of the default holdbacks included in all contracts:

2. Select “Add Default Holdback” and choose what defaults you wish to include in the contract:

  • You can also add new holdbacks and include them as a default in future contracts:

3. Set the payment terms:

  • Set a due date on the holdbacks from either when the invoice was issued or when payment was certified:

  • You can also add an early payment discount. Set the number of days and discount percentage:

  • Click “Save” once you have completed the payment terms.

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