Every construction project is unique and comes with its own set of challenges and requirements. The long-term duration of jobs coupled with the challenge of establishing a firm estimate can make billing complicated. Because of this, choosing the proper billing styles and practices is essential to ensure that you get paid accurately and on time.
Two of the more flexible contract types are Time and Materials (T&M) and Cost-Plus. When the scope of work or duration of a project is difficult to determine, T&M and Cost-Plus billing can help reduce risks and ensure your costs are covered, while also ensuring that you’re making a profit.
Whether you’re using Cost-Plus or T&M billing, Jonas Construction Software has you covered. Our software is designed to help construction and service companies streamline their billing process.
In the next installment of the Jonas Masterclass series, we’ll be discussing how these contract types differ as well as the pros and cons of each.
Join us on Thursday, November 3rd, for a detailed overview of T&M and Cost-Plus contracts, and how Jonas enables you to easily track, create, and manage your billings.
