Using progress payment requests

Progress payments requests are generated for the unit costs incurred when working on a contract with the business partner. Progress payment invoices are sent to the customer based on an agreed billing cycle and settled using the installment or delivery based invoices. The progress payment request process is used to create a US specific Standard Form 1443 invoice.

Note

  • This process can be used only if the required parameter is selected.
  • Progress Payments are only applicable for fixed price contracts.
  • The holdback functionality is not applicable for Progress Payment Requests.
  • Progress Payment Requests are not included in the Revenue Analysis.
Step 1. 

Specify the revenue code in the Project Parameters (tppdm0100s000) session.

Step 2. 

Select the Progress Payment Requests check box in the Contract Parameters (tpctm0100m000) session.

Step 3. 

Select the Small Business check box to ensure the business entity is a small business, and to print the value on the Standard Form 1443. The check box is enabled only if the Progress Payment Requests check box is selected.

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