This document creates as Recipient Created Tax Invoice (RCTI) where provided in subcontract. The subcontract payment schedule is broken into Milestones for each major section of work to enable simplified project payment processing.
Muli provides an option to manage the payment schedule as a Schedule of Rates Subcontract.
Muli provides a subcontract milestone facility to dissect the subcontract into measurable objects, each with a value and individually schedule. This is the basis of a subcontract payment schedule to comply with notices under the Security of Payment Act.
Retention management is automatically applied to calculation of payment amount.