When you're managing a project with an agreed contract value, a progress claim is used to invoice for the work completed at a given point. Progress claims allow you to be paid throughout the duration of a project.
There are two key methods for creating a progress claim:
Based on the recorded value of work completed (actual expenditure) - the claim is for the actual job costs incurred to date.
Based on % complete (estimated progress) - the claim is calculated using an estimated percentage of the completed work. This method is most suited to projects where the total amount claimable is limited to the agreed contract value.
You also have the flexibility to group costs by project, stage or tracking centres (if configured) on the progress claim.
Once your invoice has been prepared, you can also add one of the recommended Project Invoice Tables to your invoice layouts.