What is an RA bill in construction?
An RA bill, or running account bill, is an interim bill a contractor raises for the work completed so far, usually monthly. The client measures and certifies the work, deducts retention, advances and earlier payments, and pays the balance. The final bill closes the account.
Also called: Interim payment certificate (IPC), Progress claim, Payment application, Valuation.
The same document has different names: interim payment certificate in the Gulf and on FIDIC contracts, progress claim in Australia, payment application in the United States, valuation in the United Kingdom.
The gap between what the contractor claims and what the client certifies is where much of a contractor’s cash gets stuck.
In ERP Infra
Client bills are raised per site, with the amount claimed, the amount certified, the amount received and the outstanding balance side by side.
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