FUNDINGJul 17, 202611:23
How to Turn a $50K Line Item Into Steady Progress Payments
0:0011:23
Your host
Eric Coffie
Eric Coffie built a construction company from zero to $20M+ in federal sales, then founded GovCon Giants to teach everyday people how to win government contracts.
About this episode
Getting paid on a government construction contract is where most new contractors get stuck, and it usually is not about the work, it is about how you structure your billing. In this episode, Eric Coffie walks through the schedule of values line by line and shows exactly how to break a project into phases so cash flows in before the job is done. If you have ever wondered how you actually invoice the government without waiting a full year to see a dollar, this one solves it.
In this episode, you'll learn
- How the schedule of values lets you bill by percentage of work completed instead of waiting for the full contract to finish
- How to use the CSI construction divisions one through sixteen as a ready made template for your billing breakdown
Show notes & timestamps
- 0:00Sponsor intro and finding federal opportunities
- 0:48Schedule of values explained for construction contracts
- 2:31Breaking down scope of work into values
- 4:37Dividing a project by construction trades
- 7:53Who to invoice and when you bill
- 8:49Getting money upfront through the engineering line item
