Skip to main content
Procore Support (en-au)

Set Retention for a Contract in Portfolio Financials

The information in this tutorial applies to accounts with the Portfolio Financials product in Procore. Reach out to your Procore point of contact for more information. 


To enable and set retention for a contract in Portfolio Financials.


When retention is enabled for a contract, retention will automatically be calculated and displayed as progress claims are submitted against program of values.

Things to Consider

  • Required User Permissions:
    • 'Limited' access to the project or higher.
      Note: Users with 'Limited' permissions can only set retainage when editing an existing contract they have access to.


  1. Navigate to the relevant Contract Room by clicking the name of the cost item in the project's Cost Tracker
    Note: Cost items with a Contract Room are marked with a ribbon  icon.
  2. The Contract Room automatically opens to the Contract tab.
  3. Click the vertical ellipsis  icon and select Edit
  4. Under Contract Overview, click the Retention toggle to the ON  position.
  5. Enter a retainage percentage. 
    Note: The percentage is set to 10% by default.
  6. Click Save