You should have picked up that companies that employ this message need cost recorded to generate revenue.  In other words, it's vitally important that its subcontractors and vendors bill them timely and accurately.     As a ProjectManager , ensure your subcontractors are complying and sending you their monthly requisitions on time?

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
Problem 16RQ
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You should have picked up that companies that employ this message need cost recorded to generate revenue.  In other words, it's vitally important that its subcontractors and vendors bill them timely and accurately.    

As a ProjectManager , ensure your subcontractors are complying and sending you their monthly requisitions on time?

Expert Solution
Step 1

Invoicing and Billing

  • it is an important document that indicates the sale supply to the site.
  • It contains specific particular sale transaction, such as suppliers details, quantity, value and payments.
  • It is described as the materials which are received,  the value of products have been indicated. 
  • It is easy to monitor the flow products which are bought.
  • invoices are the records that allow to get us pays for the products.
  • To keep an account of the supplies.
  • to track the inventory of the business.
  • Invoice cab be used as historical data to predict future revenue 
  • To keep track of income for tax purposes/
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