Wednesday, December 06, 2017 9:13:29 AM
Once the contract is actually won, eventually work will start...
Time or work milestones have to be met...
For the DPT contracts we gain revenue from, DPT will need to invoice the customer...
The customer has a certain amount of time to pay the invoice...
Bravatek will invoice DPT...
DPT has a certain amount of time to pay the invoice...
Each invoice is for a certain amount of time or work, NOT for the WHOLE project revenue. My experience has been with monthly invoices... so once we know the revenue and the contract length, we can ESTIMATE (because it usually changes!) what the monthly invoice (if it's monthly) MIGHT be... will NOT give us exact numbers (and maybe not even close numbers!), but maybe a sort of general idea of monthly revenue from it.
I know other folks know a lot more about this than I do (I was not in the finance department), but it is a general idea of how it might work.
imo
BVTK
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