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Contract - The contract associated with the subcontracted work. It must be marked as a Subcontractor under the project terms.
VAT and Retention settings defined in the contract will be automatically used in the Subcontractor Agreement document.

• Type -Defines  Defines document version

1. 1. Initial: Original agreement.
   2. Revision: Updated version of the agreement before execution.
   3. Variation: Additional scope or changes to the approved agreement.

• Project-Links subcontracted work to a specific project.

• Apply Retention - Enables retention for the document, based on the retention settings defined in the related contract.
• Calculation of VAT at Retention Invoice - Applies VAT on the retention amount, following the VAT configuration specified in the contract.
• Recognize expenses in the Payment Application Received- When enabled, the system records a transaction for expenses at the time of posting of Payment Application Received,  Dr Expense, and Cr Unbilled Purchase. Later, upon receiving the invoice, the Unbilled Purchase is cleared to Payables.

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