Publishing scope: This article makes no ranking or investment-outcome claim. Its purpose is to turn the control logic inside the IV-PROJECT product scope into a clear, measurable content page.
Progress billing is not cash
A progress-billing record shows project advancement and the billable period. Cash, on the other hand, moves with collections, advance offset, retention, withholding, VAT, price escalation and subcontractor payment load. That is why a project manager cannot treat "progress billing cleared" as a decision point on its own.
Why should EAC sit in the same table?
EAC brings the estimate-to-complete together with actual cost incurred. If CPI/SPI is low while open commitments are growing, project profitability can deteriorate even when progress billing looks positive. IconVio shows these signals in the project decision package with a risk label.
The control set
- Separate the period's progress billing, price escalation, VAT, advance, retention and withholding fields.
- Tie subcontractor progress billing and procurement commitments to the project cost code.
- Read EAC, CPI/SPI and open commitment signals under the same period filter.
- Add source, approval and transaction-trace information to the report output.
Where does this connect inside IconVio?
This article supports the Construction Project Control solution page and the IV-PROJECT system page.