Unlocking Project Profitability: The Power of Project Managers Leading Project Billing

11 July 2022 Ananda Masri

"Our PMs don't have much to do with billing" is the objection I hear most and means that the firm's leadership is doing the project billing. I suspect we can improve their contract management process.

The problem is that neither leaders nor the accounting team have enough information to approve subcontractor invoices, bill clients, or generate progress reports. PMs have this information.

Then, why do leaders take on project billing? Because they believe that PMs are too busy, overloaded, not commercially aware, or just not up to the task.

But, supported by a system, tools, and metrics, PMs can and should drive project billing and reporting. They'll feel more empowered, and the leadership will be released to focus on business development. Everything will run smoother as the unnecessary chatter dies down.

StageProject is the only contract management system that seamlessly connects PMs, leadership, accounts, the contracts team, clients, and subcontractors. It gives everyone the information they need at the right time.

Are you ready to lead your industry with cutting-edge processes and tools? Request a Demo or try the StageProject™ cloud application on your next project.

/ Further Reading /

Growing an Architectural Firm

Maintaining agility and transparency as your organization scales up.

Essential Metrics for Architects

Fundamental metrics that architects should use to measure the success of their firm and projects.

Design Change Management Done Right

Boost project efficiency and profitability by handling design changes better.

Turn design change management into a core competence.

Why PMs Should Lead Project Billing

Telltale signs of a suboptimal contract management workflow.

Rethinking Contract Management

Does your firm's contract management and project billing workflow feel like crossing a minefield?

Do you Recognize these Challenges?

Wishing you could spend more time working on the things you love, instead of routine billing and contractual details? You'll recognize some of the challenges highlighted here.

Contract Intelligence™ Framework

Optimizing the intersection between project management and contract management could be a source of significant untapped potential.

Reimagined in Edmonton

How, Why and Where : the brainchild of an award-winning Edmonton architectural firm.

Not Another Document Workflow System

Who thinks that the hard part of contract management is document storage, document sharing, and electronic signatures?

Introducing StageProject™

StageProject® launched for public consumption in January 2021.

Supporting unlimited users and priced per active project, it's lean and will grow with you. Try it on your next project and see how it revolutionizes your contracts and billing workflows.

Contract Management Demystified

Undertaking complex projects involving multiple stages, contractors, clients, or all of the above, contract management is the task of negotiating and managing the terms of each relationship favourably.

For success, agreements between parties require exceptional clarity about deliverables, deadlines, rewards, and penalties.

Invoice Inbox Zero

In a medium-sized firm where I once worked, senior partners would meet with their bookkeeper to process the incoming pile of invoices that had arrived in the preceding month.

Staying on Top of Project Billing

Invoicing clients and approving invoices from subcontractors is essential but routine, detail- oriented, and time-consuming. Challenges include incoming invoices that do not align properly with contractual milestones. For client invoicing, issues include billing on time, including contractor bills, missed billing opportunities, and compiling good- looking progress reports.

StageProject™ Deep Dive

StageProject streamlines contract management and billing for projects with multiple stages and sub-consultants. It's helps approve invoices, client billing and reporting, and managing design changes.