Hi guys
I need to write a formula that will automatically reduce the retention claim amount. So at the moment retention is kept at 10% each claim until 5% of the Main Contract Price is reached.
For example: The Main contract price $2,231,435.00
5% of this is $111,571.75 (this is the maximum our clients can keep)
Each claim we put in, our clients can take 10% of this.
So I have got the formula for that, but I need it to reduce the retention amount to ensure it does not exceed the maximum claim amount
I have spreadsheet, but cannot for the life of me find out where to put this in the thread.
Hope someone can help
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I need to write a formula that will automatically reduce the retention claim amount. So at the moment retention is kept at 10% each claim until 5% of the Main Contract Price is reached.
For example: The Main contract price $2,231,435.00
5% of this is $111,571.75 (this is the maximum our clients can keep)
Each claim we put in, our clients can take 10% of this.
So I have got the formula for that, but I need it to reduce the retention amount to ensure it does not exceed the maximum claim amount
I have spreadsheet, but cannot for the life of me find out where to put this in the thread.
Hope someone can help
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