Billing Clarification
This query is : Resolved
22 October 2008
What do you mean by cost plus billing
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.
22 October 2008
Thx meanwhile could let me know difference costplus and milestone billing
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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