Glossary
Progress billing
Progress billing is a way of invoicing a project in installments, based on how much of the work has been completed.
The provider bills at set intervals, often monthly, for the share of the work done during that period. It's common in construction and in long projects, where waiting for one final invoice would mean financing the whole job.
Progress billing measures completion. A Seequence works differently: the client validates a delivered step, and that validation triggers the payment request for the step.
Example. At the end of the month, framing is 40% complete. The progress bill asks for that 40%, minus what's already been paid.
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