Free MS Word Construction Invoice Templates

Get paid faster for your hard work with the free construction invoice template from InvoiceOwl. For instance, if the contract includes retainage, the owner or GC generally withholds 5-10% of the dollar amount from each progress payment. This practice often flows down to subcontractors and even sub-subcontractors. Having set expectations for invoicing can deter a project from blockage created by payment disputes between the many players of a project. When creating invoicing standards, Owners, contractors, and specialty contractors must set clear contract language in advance that outlines the invoice expectations and payment timelines. For instance, a supplier will send an invoice to a GC after completing a delivery.

Electrician Invoice Template

• This section provides essential details such as the construction company’s name, phone number, email and website, making it easy for clients to reach out with questions.
• You can use them to specify the billing period, include consistent charges, and streamline invoicing for ongoing contracts or scheduled services.
• Include lists of all materials, hours, and expenses that will be included in the contract.
• This is helpful for contractors to maintain cash flow throughout lengthy construction projects.
• This template is ideal for carpenters and finish work specialists who bill based on labor hours and material costs.

Each invoice reflects the cumulative value of the work done so far—minus any retainage, if applicable. Lump sum or fixed price billing involves quoting one set price for the entire project. It’s simple and predictable for clients but can be risky for contractors if unexpected costs arise. Clear scopes and contingency planning are key to staying profitable with this billing style. More accurate estimates help you to get a better scope of the work that needs to be done and they help your customers understand what they’re paying for upfront.

Break Down the Construction Invoice Costs Into Categories

In a market where cost, speed, and quality are table stakes, owners are demanding more than projects delivered on time and on budget. Keep the track with our dashboard that gives you the greatest comfort for operating and monitoring your business. One of the most common themes in our user reviews is how easy it is to get started. You don’t need any experience or extra time – just sign in and start working. Try our free invoice generator and send a polished invoice QuickBooks in minutes.

CONTRACTORS

• In construction, some special considerations are the labor hours, raw materials, and reimbursable expenses that are passed on to the customer.
• Check our designs, choose the one that fits you the best, and create your construction invoice.
• Choosing the right invoice design for you and your clients makes a great difference.
• Our software was designed with feedback directly from builders using our tool, so we know it was built to fix the challenges construction pros face.
• Construction invoices often involve itemized line items for labor, materials, equipment, permits, and subcontractors.
• And we make it easy for your clients to receive and pay their invoices online, too.

At the end of the project, they can easily calculate how much was to total expense as well as record the cash flow. Filling out invoice templates for construction and trades work is not a good use of your time. The time you waste re-entering information every time you invoice is time you could be using for something more worthwhile. You can end up spending ridiculous amounts of time aligning invoice details. It takes time and energy to keep invoices organized for accounting and record-keeping. Invoice templates might work if you only send a few invoices but if you’re invoicing regularly, you need a more efficient solution.

Time & Materials Contract Invoice Template

Our construction invoice maker is completely free with no hidden costs, subscriptions, or limits. Create unlimited professional invoices for your construction business. ProjectManager’s real-time dashboard helps construction firms monitor the health of multiple projects at a glance. It displays cost tracking, time management, resource planning Remote Bookkeeping and project progress data in interactive charts. On top of that, there are project management reports that help keep stakeholders informed on the status of projects and identify cost, schedule or scope variances.

The Best Construction Invoice Templates: Reviews

Each invoice would cover the materials and work provided in that timeframe. Once you’ve downloaded the template and have it open in front of you, follow these steps to create a professional invoice that’s ready to send. Send construction invoice automatic late payment reminders using email notification templates.