How are clients invoiced during the build phase of the design/build process?
With final design in hand, our construction manager generates a detailed, line-by-line construction budget referenced in the construction contract. In addition to the signed contract, we require a non-refundable retainer comparable to 2 months of average project billing to reserve a slot in our schedule. As soon as the construction phase begins, the retainer rolls over to become an up-front construction deposit that is credited to the final invoice. Invoices are sent monthly and are based on job progress and incurred costs.
