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Accounting Procedures Manual
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The purpose of the Progressive Payment Policy Procedure is to create a consistent cash flow, even during long-term projects, by procuring partial payment for services and materials before the project is complete.

The progressive payment—or "progress billing"—policy ensures accurate, timely, and easily understandable client billing. This progressive payment procedure applies to the Project Manger and the Division Administration Manager. (4 pages, 840 words)

Activities Covered in the Progressive Payment Policy Procedure

• Contract Types
• Breakdown of Contract Amount
• Progress Claims
• Release of Holdback