Progress payments construction is a common payment structure used in the many industries, but especially in the construction business. It involves pre-arranging and agreeing to a schedule of periodic payments for work completed over a period of time. This structure allows for greater control over cash flow, as well as increased security for contractors who can ensure they will receive payments as the project progresses. By breaking down projects into manageable chunks, progress payments construction makes it easier to capture and track milestones, making it simpler for each party to recognize and acknowledge work done. It’s not just about business – progress payments construction brings greater confidence, clarity, and security to all contracting parties.