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Billing Clarification

This query is : Resolved 
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(Querist)
22 October 2008 What do you mean by cost plus billing
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 October 2008 Cost plus billing means Billing is based on actual cost of the goods/services plus a profit margin mutually negotiated and settled betwen the parties concerned.
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Prasanna Bhat

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Prasanna Bhat (Querist)
22 October 2008 Thx meanwhile could let me know difference costplus and milestone billing
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
23 October 2008 Milestone billing is nothing but stage wise billings. When the work is prolonged in nature such a billing is resorted. Events that should trigger billing are agreed at the tie of agreement and implemented.
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