Progress Billing for Construction
Improve cash flow, mitigate risk, and improve communications with clients.
Collect deposit, progress, and final payments on any project!
Increase cash flow with progress billing
Easily collect deposit invoices to cover material purchases and the early labor costs on your jobs.
Ensure payments are made on time by allowing clients to spread payments throughout a project.
Bill for phases of projects individually to manage expenses and finances stress-free and in real-time.
Eliminate risk while building client trust
Don’t be caught absorbing the cost of material orders and canceled projects by billing for work completed and materials ordered.
Provide clients with a detailed breakdown of work completed and billed to reduce disputes and provide clear documentation.
Avoid delays and disruptions to projects by securing project funds in advance and on time.
Customize invoices to meet your business needs
Tailor each invoice according to unique business needs and client arrangements.
Add flexibility to your invoicing process to account for all project types and payment schedules.
Build invoices directly from an estimate or change order, and create custom payment schedules based on your terms and conditions.
See Projul in action and ask us about what your business needs.
Schedule a DemoProgress Billing FAQs
What is progress billing?
Progress billing is a payment method used in construction where the contractor invoices the client at regular intervals based on the completion of specific project milestones or stages. This approach helps ensure that the contractor is paid for the work completed to date, rather than waiting until the entire project is finished.
How does progress billing work?
Progress billing works by breaking down the total cost of a construction project into smaller, manageable portions tied to specific phases or milestones. At each billing cycle, the contractor provides a detailed invoice reflecting the work completed during that period. The client then reviews and approves the invoice before making the payment. This process continues until the project is completed.
Why do construction companies progress bill?
Construction companies use progress payments to maintain a steady cash flow throughout the project. This method helps cover ongoing expenses such as labor, materials, and equipment. Additionally, progress billing reduces financial risk, ensures transparency, and fosters trust between the contractor and the client. It also encourages efficient project management and timely completion of work.
How does Projul help with progress billing?
Projul simplifies progress billing by providing intuitive tools that streamline the entire process. With Projul, contractors can easily create detailed invoices based on project milestones, track payment statuses, and manage financial records. The platform ensures accuracy, reduces administrative burden, and enhances communication with clients, making progress invoicing more efficient and effective.