SLN Projects Project Manager Interview Questions and Answers

Billing conditions refer to the terms and conditions related to payment for goods or services provided.

• Billing conditions may include payment due dates, late fees, and accepted forms of payment.

• They may also specify the frequency of billing, such as monthly or quarterly.

• In some cases, billing conditions may be negotiated between the provider and the client.

• For example, a software development company may require a depos...read more

Closer billing condition refers to the payment terms that are agreed upon between the client and the service provider.

• It specifies when the payment is due and under what conditions

• It is usually agreed upon before the project starts

• It can be based on milestones or time-based

• Example: 50% payment upon completion of design phase and remaining 50% upon project completion