Bill Fee-Based Contracts by Billing Phase

For projects with fee-based contracts, you can set up fee billing phase terms to allow for partial billing of the total fee based on the amount of work completed.

Prerequisite: You must select the Enable Posting by Billing Phase option on the Fees tab of the Billing Terms form before you can bill a fee-based contract by billing phase.

To bill a project by billing phases:

1. From the Navigation menu, click Billing > Billing Terms.
2. Open the project that you want to bill using fee phases.
3. On the Fees tab, In the Fee Method field, select one of the following options:
   • Percent Complete by Phase, as Percent of Fee.
   • Percent Complete by Phase, as Fixed Amount.
4. Click Insert on the Billing Phases grid to add billing phases. You can also create a new phase by copying and modifying an existing phase.
5. Complete the information on the Billing Phases grid.
6. Click Save.