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Advance & Retension for a vendor

Dear Friends,

My Issue:

For a vendor my payment should be:

--> 10% Advance of the total Contract should be given to the Vendor

--> when ever vendor invoices (partial invoices) we should cut 10%(on advance given before) and 10% Retension and pay him 80% of the value in invoice

--> at the end of the final work we should pay to vendor the 10% retension which we are deducting with all the invoices

Hope this is clear



Former Member
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