When you're managing a project with an agreed contract value, you can use a progress claim to invoice for the work completed at given points. Progress claims allow you to be paid throughout the project.
Progress Claims are generally based on either:
- % of Contract (estimated progress) - an estimate of how much of the contracted work has been completed at a given point, e.g. 20%. This method is most suited to projects where the total amount claimable is limited to the agreed contract value.
- Task Actuals - the actual job costs (labour, materials, expenses) incurred to date.
You also have the flexibility to group costs by project, stage or tracking centres (if configured) on the progress claim.