Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Progress Payment
- What are progress payments and why are they important to the contractor?
Progress Payment - What are progress payments and why are they important to the contractor?
Progress payments provide benefits to everyone up and down the payment chain. They allow owners and/or prime contractors to review the subcontractors' work before it's complete, and resolve disputes before the project is over.