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Project Settings & Configuration

Configure project-specific settings like retainage percentage and billing preferences

5 minLast updated: 2025-01-15
projectsettingsconfigurationretainagepreferences

Project settings let you customize how billing, retainage, and documents work for each project. Access settings by clicking the gear icon on any project page.

Basic Settings

Project Name

The project name appears throughout RIVET and on generated documents. Update it if the project name changes or was entered incorrectly.

Project Number

Your internal job number or tracking code. This appears on G702 forms and can be used to search for the project.

Project Address

The physical location of the construction site. Changing the state will affect which lien waiver forms are generated.

State Changes

If you change the project state, any existing lien waivers will still use the original state's forms. Only new waivers will use the updated state.

Contract Settings

Original Contract Sum

The original contract value before any change orders. This should match your signed contract amount.

Contract Sum vs. Total

The Original Contract Sum doesn't change when you add change orders. RIVET calculates the "Contract Sum to Date" by adding approved change orders to the original amount.

Contract Date

The date your contract was signed or executed.

Start Date

When work on the project began or is scheduled to begin.

Expected Completion

The projected substantial completion date. Update this if the schedule changes.

Retainage Settings

Pro or Scale Plan Required

Retainage tracking is only available on Pro (20 projects max) and Scale (unlimited projects) plans. Starter plan users will not see retainage options.

Retainage Enabled

Toggle whether retainage is withheld on this project. When enabled, RIVET calculates retainage on each pay application.

Work Completed Retainage Rate

The percentage withheld from payments for work completed. Most commonly 10% or 5%.

Materials Stored Retainage Rate

The percentage withheld from payments for materials stored. Usually the same as work completed, but some contracts specify different rates.

Reduced Retainage

Some contracts reduce the retainage rate after a certain percentage of work is complete (often at 50%). Configure this here:

  1. Enable "Reduced Retainage"
  2. Set the threshold percentage (e.g., 50%)
  3. Set the reduced rate (e.g., 5%)

Once your overall completion percentage exceeds the threshold, new billing will use the reduced rate.

Reduced Rate Application

Reduced retainage only applies to new work after the threshold is reached. Previously billed amounts retain their original retainage calculations.

Billing Settings

Billing Period

Choose your typical billing frequency:

  • Monthly - Bill at the end of each month
  • Bi-Weekly - Bill every two weeks
  • Custom - Set your own billing dates

This setting helps RIVET suggest dates when creating new pay applications, but you can always override the dates manually.

Application Number Format

How pay application numbers are displayed. Options include:

  • Sequential - 1, 2, 3, 4...
  • With Project - PRJ-001-1, PRJ-001-2...
  • With Year - 2024-1, 2024-2...

GC Information

GC Company Name

The general contractor's legal business name. This appears on all pay applications and lien waivers.

GC Address

The GC's mailing address for pay application submissions.

GC Contact Name

Your primary contact at the GC for billing questions. This is who pay apps and notifications are addressed to.

GC Contact Email

Email address for sending pay applications and billing correspondence. RIVET can send submissions directly to this address.

Architect Information

On AIA G702 forms, architect information is optional but often required. Add it here:

  • Architect Name - The architect of record
  • Architect Address - Their business address

Document Settings

Include Company Logo

Toggle whether your firm's logo appears on generated PDFs. The logo is set in your firm settings.

Document Notes

Add standard notes that appear on all pay applications for this project. Useful for project-specific terms or reminders.

Project Status

Projects have a status that affects what actions are available. See the Project Statuses guide for details.

  • Active - Normal operation, all features available
  • On Hold - Paused, limited editing
  • Complete - Finished, read-only
  • Archived - Hidden from normal views

Deleting a Project

Permanent Action

Deleting a project permanently removes all data including pay applications, change orders, and lien waivers. This cannot be undone.

To delete a project:

  1. Go to Project Settings
  2. Scroll to the bottom
  3. Click "Delete Project"
  4. Type the project name to confirm
  5. Click "Delete"

Consider archiving instead of deleting if you need to keep records but don't want the project in your active list.

Need Help?

If you have questions about project settings or need assistance configuring your projects, contact our support team at support@slpwlk.io.

Related Articles

projectsCreating a New ProjectStep-by-step guide to creating a project with contract details and GC informationRead moreprojectsManaging GC InformationAdd and update General Contractor and Architect contact informationRead moreprojectsProject Statuses ExplainedUnderstanding project statuses: Draft, Active, On Hold, Substantial Completion, and ClosedRead more
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