The final invoice should reflect any payments made over the construction period along with any payments left to be made by the contractee. Once all work has been completed the Direct Contractor should provide a final Construction Invoice with the total cost of all labor, materials and expenses information. This will help avoid having the contractee overpay or underpay. The Construction Invoice should be utilized to keep track of all payments received and updated with amount left to be paid. Disclaimer should also be added in the event that there is a change in scope for the project or a discrepancy occurs in time or materials needed. Give a quoteДirect contractor should provide a quote of the total cost to the contractee. Differences in price should be addressed with the contractee (i.e. Check competitor ratesД¬ompetitor rates should be reviewed as the contractor will want to remain within a reasonable span of the other contractor rates. This will ensure the invoice estimate is as close to the final bill as possible and potential issues that can impact total cost are addressed beforehand. The contractor, subcontractors and materials supplier should visit the job site to provide an adequate estimate. Step by Step: Construction Invoice Guide 1. Deposit being requested, if applicable.Information regarding Estimates and what occurs if labor hours are long or shorter or if materials and supplies change.Information regarding when the payment is considered late and any penalties assessed by the contractor.When payment is due and what payment type is accepted.List and quantity of all supplies, materials and cost for each unit along with cost of labor.The name and address of the individuals who are receiving or will be receiving the work.The name and address of the construction investor, if applicable.The name, address and contact information of the direct contractor.The name, address and contact information of the contractee.Information found on a Construction Invoice is as follows: Therefore, generally, in order to receive payment for services, this document must be prepared and presented in order to receive payment.

Since contractors are not categorized as вЂњemployees,вЂќ they do not depend on any kind of automatic payment through any companyвЂ™s payroll system. Generally, this document would also include information pertaining to the contractorвЂ™s terms of payment. Typically, this document will list the number of supplies provided, hourly charges, unless a flat-rate fee is agreed upon.

A construction invoiceВ is a document that contractors use to provide an itemized bill to an individual or company to which they have provided services and/or supplies.

Building estimate forms