Overbillings in construction refer to situations where a contractor bills a client for more than the actual costs incurred on a project. This can occur due to various factors, including errors in estimating, mismanagement of funds, or intentional fraud. Overbillings can have serious consequences for both the contractor and the client, as they can lead to disputes, delays in payment, and damage to the reputation of the contractor.To prevent overbillings, contractors must maintain accurate records of all expenses related to a project and ensure that their billing practices are transparent and in line with the terms of the contract. Clients should also be vigilant in reviewing invoices and questioning any discrepancies or unexpected charges. In cases where overbillings do occur, it is important for both parties to
What is Overbillings?
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