Advance Billing Overview for Subcontractors
As a Prime Subcontractor, you can use the Advance Billing project setting to bill for more than 100% on a subcontract component. You can also use it to bill a negative percent complete on self-performed work.
If Advance Billing is selected on the Project Settings page, your Billing Workflow includes subcontracted line items.
Why Use Advance Billing?
- To receive more money at the beginning of the project.
- To see all the Work Breakdown (WB) lines when claiming (even lines that are 100% subcontracted out).
- To easily claim for a Sub-Tier Subcontractor or Supplier even if the Sub-Tier hasn't claimed yet or has submitted a late progress claim.
Enter Progress Claim Page
Advance Billing changes the behaviour of your Billing Workflow. Subcontractors have the ability to bill a component to the Head Contractor for an amount greater than the Self-Performed amount. This ability does not depend on the amount a Sub-Tier billed or whether a claim was received for that component.
See Claiming with Specified Billing and Advance Billing for details.
Last Published Wednesday, July 10, 2024