How a Contractor Used Progress Billing to Fix Cash Flow

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How a Contractor Used Progress Billing to Fix Cash Flow

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In this episode of Cash Flow Conversations, Lucas and Luna explore how a mid-sized construction contractor transformed their cash flow by switching from milestone-based invoicing to detailed progress billing. The contractor, based in Austin, Texas, was facing consistent 75-day payment delays on multi-year projects, forcing them to draw on expensive credit lines. By implementing monthly progress billing tied to certified completion percentages, they cut average receivables from 68 days to 31 days within six months. Lucas breaks down the mechanics: how lien waivers work, why owners resist change, and the exact negotiation script the contractor used. Luna shares a counterexample from a friend's firm where progress billing backfired due to poor documentation. The episode includes a list of three digital tools that automate progress billing for trades, and ends with a forward-looking question about blockchain-based automated payments. #CashFlow #ProgressBilling #Construction #Contractor #Invoicing #Receivables #WorkingCapital #PaymentDelays #LienWaivers #AustinBusiness #SmallBusiness #BusinessFinance #CashFlowConversations #FexingoBusiness #BusinessPodcast #Podcast #Finance #Business Keep every episode free: buymeacoffee.com/fexingo

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