Milestone Payments

1 Posts
1 Sections
1 Types

January 1, 1 7 min read Definitions

Progress Payments Construction Loans Real Estate Development Construction Management Milestone Payments Builders Contractors Project Financing

Progress payments are partial payments made to a contractor or builder as specific stages of a construction project are completed. These payments are contingent on the fulfillment of predefined milestones, ensuring that the contractor receives payment for the work completed to date without having to wait until the entire project is finished.