Contractor invoice
A request for payment submitted by a business or individual who has entered into a binding agreement with another contracting party. In Procore, a contract invoice is an equivalent term for a payable invoice.
A contractor invoice is a request for payment issued by a contractor for work completed, materials supplied, or services rendered. Accurate and timely invoicing is crucial for maintaining cash flow and financial health in construction projects.
Used in a sentence
Submit the contractor invoice for approval to ensure timely payment for completed work.
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Construction Invoice Factoring: A Quick Guide
Construction companies need to maintain consistent cash flow. Projects can take years to complete, and delays and unforeseen events may keep expenses mounting. Adding to this load are typically high upfront costs, like materials, equipment and labor. One way to stay solvent while waiting for clients to make their final payments is construction invoice factoring. This […]
A Contractor’s Guide to Construction Invoicing
Invoicing in construction is complex. Unlike most retail companies that only require a simple bill of sale or list of line items on an invoice, most construction businesses have to provide a collection of detailed documents that provide proof of labor and materials supplied within the billing period. In this article, we explore the construction […]
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