Money & Pricing
Progress billing
Invoicing for work completed to date on a job rather than billing the whole job at the end. Each invoice should tie to the approved scope and the work actually in place, with photos or a signed draw schedule, because carriers and lenders release money in stages.
More money & pricing terms
- Pricing list
The database of unit prices, labor rates, and material costs an estimating platform applies to line items. The list carries its own effective date and region, so two estimates of the same scope can differ simply because they were priced from different lists.
- Profit
The contractor's margin on a job, after labor, materials, and overhead are covered.
- Progress payment
A partial payment made as a job reaches agreed milestones, such as after tear-off, dry-in, or final inspection. Get the schedule in writing before starting, because a progress payment not tied to completed work is the most common way a contractor ends up financing a customer's job.
- PWARR
Paid When Actually Repaired or Replaced: line items, often code upgrades and add-ons, the carrier holds back and only pays after the work is actually completed and documented.
- PWI
Paid When Incurred: line items the carrier pays as part of the claim once they are incurred, without waiting for the work to be finished.
- Quantity
How many units of a line item an estimate calls for, squares, feet, hours, or each.
Common questions
What does "Progress billing" mean in Xactimate estimating?
Invoicing for work completed to date on a job rather than billing the whole job at the end. Each invoice should tie to the approved scope and the work actually in place, with photos or a signed draw schedule, because carriers and lenders release money in stages.
Where does "Progress billing" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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