What Is Budget Billing?

The construction price settlement bill is prepared by the construction contractor according to the one-way price settlement method and the contract, and the visa is issued to the contract issuing unit in order to receive the accounting voucher for the construction price. The voucher should generally specify the name of the individual project, the value of the budget contract, the project receivable in the current period, the deducted project advances, the material preparation and the supply price of the contracting unit, and the actual project payment due in the current period. "Construction bill settlement bill" in several copies will be sent to the construction bank where the account of the contractor is issued for the settlement of construction price. ^[1]