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It enables the contractor and subcontractors to provide quick turnaround on urgent work, while tracking and invoicing for their time and materials.
An invoice template is a form that is generated by a company or individual when collecting a receivable for a product or service to a customer.
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You can optionally enter additional lines as deductions to offset any prepayments that the customer has already made. It mentions a period covered, suggesting that the invoice is only for services and material purchased in that time period making it easier to generate multiple invoices during a construction project. For Time and material projects, you can bill a customer or other funding source for a prepayment amount by using an on-account invoice proposal.
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