![]() ![]() ![]() These percentages will be important for identifying your progress milestones, which then translate into the frequency that you get paid for your work.įor each percentage of completion, it can be helpful to identify a milestone that both the vendor and the client can verify and agree upon. When 15% of the project is complete, the client pays 15% of the total contract amount, and so on.Īs your project timeline unfolds, and through your own past experience, you’ll be able to break down the various steps in the timeline into percentages of completion for the entire project. In progress billing, the timeline of your project is broken down into percentages of completion.
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