Progress Billing For Contractors: How Milestone Payments Improve Cash Flow
Why Your Billing Structure Has A Bigger Impact Than You Think If you've ever wrapped up a big job and spent weeks watching your bank account awaiting payment, you already know the core problem. Construction is expensive to run — labor, materials, equipment, and subcontractors all need to be paid regardless of when your invoice clears. That tension between money going out and money coming in is one of the most persistent challenges in the trades. Progress billing for contractors is one of the most practical tools for keeping that cash flow equation balanced from start to finish. It's a straightforward approach, but it requires some upfront planning to get right — and the right digital system to make it work smoothly on a busy project. What Progress Billing Actually Is Rather than sending one invoice when the job is finished, progress billing ties payments to specific project milestones agreed upon in the contract. You get paid as work is completed — after foundation, framing, r...