Large construction projects can make billing complicated, especially when you want payments to be fair to both you and your customer. A payment application gives you a clear way to show what work and materials are being billed, what has already been paid, and what remains.

Follow along as John walks Gene through preparing the first payment prior to starting a project, including how to separate material and labor and calculate the appropriate payment amount.

You’re a contractor, not a bank, so you shouldn’t have to finance your customer’s project while waiting to get paid.

Gene has a signed proposal from Burford’s, but now he needs to figure out how to set up a payment plan. John walks him through the Payment Application, starting with the project information and then entering each item from the proposal.

By breaking the large project price into smaller, clearly defined amounts, you can give your customer a better understanding of what they’re paying for while creating a more consistent payment process for your business.

Knowing how to build a house, remodel a kitchen, pour concrete, or install HVAC doesn’t automatically mean you know how to run a successful construction business. A group of contractors discovered they were facing many of the same challenges on the business side, and one thing became clear: they needed more than just experience.

They needed the right tools, someone to teach them how to use those tools, and the willingness to take intentional action. Building a better business starts with recognizing the problems and being willing to do something different.