Which Construction Billing Method Should You Use?

5 Construction Billing Methods & When to Use Them - Procore

One of the most important aspects contractors agree to when signing onto a project is how and when they will get paid — or, in other words, ...

6 Construction Billing Methods | Which Is Right for You? - Buildern

Some of the best practices for cost-plus billing imply that it is better to be combined with the Guaranteed Maximum Price. This will put a ...

Comparing 5 common construction billing methods - Knowify

Having a historical data set means you can adequately plan for and budget each job. Knowing the contract price upfront allows contractors to use ...

Which Construction Billing Method Should You Use? - GCPay

We explore these methods below, helping you choose the most effective billing strategy for your construction projects.

How to Choose the Right Construction Billing Method - CrewCost

Once a job has been “substantially completed”, you'll put in your retainage billings. This can get tricky on larger jobs, especially if you were ...

Explore Key Construction Billing Methods & Best Practices

Cost-Plus Billing: In this billing method, the contractor gets paid for all expenses plus a percentage or fixed fee to cover profit. It is ...

Construction Billing: 10 Best Practices To Follow - Deltek

Lump-sum Billing: Lump-sum billing, also known as fixed-price billing, is one of the most common billing methods. It involves charging a predetermined, fixed ...

Top 5 Construction Billing Methods & Key Considerations

1. Lump Sum Contract (Fixed-Price Billing): · Provides cost certainty for clients · Encourages contractors to be efficient and control costs · Cut ...

7 Construction Billing Methods & Best Practices - Moon Invoice

By being consistent with follow-up, construction businesses can help ensure that they receive timely payment for their work. Ready to Simplify ...

Construction Billing Methods: Never Waiting on Unpaid Billing

TIP 4: Send Invoices for Progress Payments ... You generally can't get paid unless the owner or contractor knows how much to pay you. One of the ...

What Are Common Billing Methods In The Construction Industry

The contractor invoices the customer based on the percentage of work completed for that billing period. You can use costs, units or labor hours ...

How to Use Each Construction Billing Report - Foundation Software

By knowing the specific reporting information required for each billing method, you can ensure the reports are accurate and reflect the ...

Top 7 Construction Billing Methods - Bauwise

When to Use Time and Materials Billing ... T&M billing is most effective for smaller projects or specific aspects of more extensive projects (such ...

The Major Types of Construction Billing - Flashtract

Contractors can use costs, units, or labor hours to calculate the percentage of the project that is complete. The project uses the same method all throughout.

Demystifying Construction Billing: What It Means & Why It Matters

Contractors who use progress billing usually follow an American Institute of Architects (AIA) billing method, as the AIA provides standardized ...

Tips & Methods for Construction Payments | Buildertrend

The homeowner will pay through a link using the payment method of their choice. That's it. It's just as simple to pay subs and vendors. First, they will choose ...

A Contractor's Guide to Construction Invoicing | Procore

Invoicing Construction Projects ... The invoicing process will vary based on the contract agreed upon between the owner and the general contractor ...

Types of Construction Billing & Best Practices - Software Connect

The method you use will largely depend on the scale of your projects. Both arrears and lump sum billing methods are preferred for short-term ...

4 Main Types of Construction Contracts and How to Bill for Each

Also known as AIA billing, this billing method is by far the most common billing method in construction and can be tied to any contract type.

Masterclass Ep 38: Construction Billing Methods & Best Practices

... and faster payments. Whether you're using progress billing, cost-plus billing, or time and materials contracts, Jonas Construction Software has ...