Finance & Contracts
Milestone Billing
A billing schedule tied to specific defined project events instead of monthly percentages.
Instead of monthly progress billing, milestone billing invoices at defined points: deposit, mobilization, demolition complete, rough-in complete, drywall complete, substantial completion, final. Common in residential remodel where each phase is a clear milestone. Easier for the owner to understand than percent-complete; harder to align with mid-month cash flow needs.
Related terms
In Vexor
Vexor is field-service software for trade contractors. If your workflow includes milestone billing, Vexor likely has a built-in workflow for it — quoting, scheduling, JSA, daily logs, photos, invoicing, all in one workspace. See all features →