Skip to main content

Types of Invoicing

Contract Price, Completion Percent and Cost Plus explained

Written by Dan C

Buildxact supports three ways to invoice your clients. You choose one when you create a job from an estimate. Use the table below to find the type that suits your job, then open its article for step-by-step instructions and a video walkthrough.

A note on terms: Variations and change orders are the same thing. Australia, New Zealand and the UK usually say variations, and North America usually says change orders.


Types of invoicing in Buildxact

Type

Also called

Best for

How the invoice amount is worked out

Fixed Price (North America)

Fixed-price contracts billed in agreed stages

A set % of the contract at each milestone (e.g. deposit, base, frame)

—

Fixed-price contracts billed on a regular cycle (e.g. monthly)

The % of each cost category completed since the last invoice

Time and Materials, Do and Charge

Jobs with a budget rather than a fixed contract price

What you've actually spent (purchase orders and work orders), plus your markup


Need help? Reach out to our support team — we're here to help!

Did this answer your question?