Design-build
Project billing, retainage, cost plus, cost codes, allowances, contingency, pay applications and lien waivers.
- How a project bills: fixed price, percent complete or cost plusEach project bills one of three ways. For cost plus, set your fee and any guaranteed maximum price.
- RetainageHold back a share of each progress invoice until the work is done, on client invoices and contractor bills, then release it.
- Cost plus billingOn cost plus, the estimate is the budget. Bill costs as they come in, with their backup, plus your fee.
- Cost codes and budget vs actualGroup lines by trade with cost codes, and see each code’s budget, committed, spent and what is left.
- AllowancesPut an allowance on the estimate for something you’ll choose later, pick against it, and settle the difference.
- ContingencyA contingency covers the unexpected. Change orders draw on it, and what is left goes back to your client.
- Pay applicationsBill a percent complete project from its schedule of values, in the layout your client and their lender expect.
- Lien waiversAsk contractors for conditional and unconditional lien waivers, see what is missing, and keep them with each bill.