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What is Types and Processes of Construction Billing about?

The document discusses various billing related topics in construction projects including different types of bills, rates, retention money, measurement units, escalation formulas, contract types and more. Key points covered are types of bills like RA bills, cash bills and final bills; retention amounts are usually 5% of work value; escalation formulas account for price increases over time; and contract types each have advantages and drawbacks for risk allocation and costs.

Author

Ah Rashed

Language

EN