Money & Pricing
Progress payment
A partial payment made as a job reaches agreed milestones, such as after tear-off, dry-in, or final inspection. Get the schedule in writing before starting, because a progress payment not tied to completed work is the most common way a contractor ends up financing a customer's job.
Common questions
What does "Progress payment" mean in Xactimate estimating?
A partial payment made as a job reaches agreed milestones, such as after tear-off, dry-in, or final inspection. Get the schedule in writing before starting, because a progress payment not tied to completed work is the most common way a contractor ends up financing a customer's job.
Where does "Progress payment" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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