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How do I enter partial retainage I have been paid into a G703?

New Jersey
Anonymous Contractor

I have received checks that pay partial retainage on areas of project that are complete. How do I enter the payments into the G703 (and G702 if applicable)?

1 reply

If there is a line item for retainage on the schedule of values then you can input the payment there. If it is only on the payment application cover sheet then you would have to edit the current percentage of retainage being withheld down to whatever it is.
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