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service tab description need to do properly. need to group as columns descriptions. as it is in the software. Agreement (Qty/amount), Payment application (Previous qty/ Previous amount/ Precious %, Current %, Cumulative %) and after that quantity, amount ant etc.
- we do not have retention VAT rate column. but you described this.
- did not described retention vat.
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Payment Application
- Previous Quantity
- Previous Amount
- Previous %
- Current %
- Cumulative % - Cumulative quantity of work approved in all prior payment applications.
- Previous Amount - Total value of previously approved quantities (before retention and VAT).
- Previous % - Percentage of progress achieved up to the last approved application.
- Current % - Progress percentage being claimed for the current application cycle.
- Cumulative % - Total progress achieved to date, including previous and current claims.
Payment Application Previous / Cumulative % - Progress history based on earlier applications.
Quantity-Units of work being billed
Amount- Gross value of work before retention and VAT.
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VAT %- Percentage of VAT applied to the billed amount
Retention- Portion of the payment withheld to ensure contractual and quality compliance
Total (Before retention) - The total billed value before retention is deducted.
Retention %-Rate used to calculate the retained amount
Retention Amount -
The monetary value withheld based on the retention percentage.
Retention VAT-
VAT amount applied to the retained
portion.
VAT Amount-Total VAT calculated (including VAT on retention where applicable)
Total- Net payable amount after retention and VAT calculations
Project Task- Specific task the work relates to within the project
Project WBS- Work Breakdown Structure code to classify the tasks within the project hierarchy
Requisition- Original request or source of the work order
Department- Department responsible for the activity
Business Activity- Work category or operational classification
Expense Item- Cost or budget category used for expense tracking
Comment- Additional text or details can be added in the field.
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