Which type of billing schedule allows billing only at predefined intervals?

The Fixed Bid Interval Billing Schedule is designed specifically for billing clients at set, predefined intervals, which is a central feature of this billing type. This approach is commonly used in projects where a fixed price is agreed upon upfront, allowing for payments to occur at regular intervals, such as monthly or quarterly, based on the contract terms.

This structure provides clarity for both the service provider and the client, as it ensures predictable revenue over the course of the project and helps the client manage cash flow. The fixed bid nature means that the costs are predetermined, mitigating the risk of unforeseen expenses during the billing period.