Glossary
What is Progress Billing in Construction?
Progress billing is a construction payment method where the contractor invoices the owner in stages as the project progresses, rather than a single lump-sum invoice at completion.
Definition
Progress billing is a construction payment method where the contractor submits periodic invoices — weekly, bi-weekly, or monthly — based on the percentage of work completed or specific project milestones reached. It replaces lump-sum invoicing and keeps cash flowing to the contractor throughout the project.
Frequently Asked Questions
Related Glossary Terms
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