Definition
In massive construction projects spanning years, contractors cannot wait until final completion to get paid. A Running Account Bill (RA Bill) is an interim invoice submitted regularly (e.g., monthly). The contractor calculates the total value of all work completed from day one up to the current date, subtracts the money they were paid in previous RA Bills, and invoices the client for the remaining balance.
Practical Example
At the end of Month 3, a contractor submits "RA Bill #03". The bill details that they have completed 30% of the building’s foundation, valuing the work at ₹30 Lakhs cumulatively. Since they were already paid ₹20 Lakhs in RA Bills 1 and 2, the current RA Bill #03 asks the client to release the remaining ₹10 Lakhs. The client's QS verifies the 30% progress on-site before approving the ₹10 Lakhs.
Application in Superwise
RA Billing is the cornerstone financial feature of Superwise. When a contractor submits an RA Bill, Superwise automatically cross-references their claimed progress against the digital Measurement Book and the Daily Progress Reports (DPR). It immediately flags over-billing, automatically deducts Retention/Mobilization advances, and computes GST perfectly.
Related Feature
Learn how Superwise handles this in our dedicated feature:
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