CATEGORY | September 9, 2019

In the business of construction, it’s all about money. Not just profit and bonus checks, either. I’m talking about cash flow (via Accounting Tools). If a building or infrastructure project is going to be built, someone is paying for it, and someone else is being paid for it. This is how a construction project gets built on the most basic, fundamental level. As you can imagine, there’s a lot more to it than that. For the vast majority of projects out there, projects are paid for as they go. This is done through a process call progress billing. How does progress billing work in construction? In this article, we’re breaking it down into each fundamental step.