Overbilling is a common problem in the construction business. It can cause money problems, legal issues, and hurt relationships with...

Managing finances effectively is critical for the success of any construction business. One significant challenge that contractors face...

Every construction project has its own problems. Many of the big challenges that construction companies face are managing costs,...

In construction accounting, understanding overbilling and underbilling is essential for contractors. While underbilling may lead to cash flow deficits, overbilling can have significant legal and financial consequences if not managed carefully. Contractors need to balance their billing practices to maintain healthy cash flow, adhere to contractual terms, and avoid unnecessary risk. This article will explain what overbilling is, why contractors use it, and how it can affect yo

Overbilling can become an issue and may lead to a situation called “job borrow”