How to many types of billing in building construction ?

Question

Accepted Answer

There are mainly two types of billing in building construction: interim billing and final billing.

Interim billing is done during the construction process and is based on the percentage of work completed.
Final billing is done after the completion of the project and includes all the expenses incurred during the construction process.
Interim billing can be further classified into monthly billing, milestone billing, and stage billing.
Monthly billing is done on a monthly basis, milestone billing is done on the completion of a specific milestone, and stage billing is done on the completion of a specific stage of construction.
Final billing includes all the expenses incurred during the construction process, such as labor costs, material costs, and overhead costs.
Final billing also includes any additional costs incurred due to changes in the original plan or any unforeseen circumstances.

Accepted Answer

There are mainly two types of billing.

1] Running Account Bill.

2] Final Bill.

Accepted Answer

7 types of billing in building construction

1 advance billing

2 progress method billing

3 arrears billing method

4 fixed price billing

5 time and material billing

6 cost billing

7 unit price billing

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