Partial Payment 2020-07-01 08:00:00

Partial Payment

A partial payment is basically an installment payment on an invoice. Through an arrangement with the billing party, a schedule of payments is created. In some cases, half of the invoice is paid on receipt and the other half once a job is completed. Paying the invoice only once a job is complete ensures the terms of the job are met. For longer jobs, a contractor may invoice as they go. This helps to cover the expenses incurred by the contractor.


Manage risk and help maximize opportunity

What is Investment Property Wealth Management?

Download the eBook