Govcon Giants podcast

You Can NEVER Get Money Upfront (Here's What To Do Instead)

9/17/2026
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Eric Coffie walks a small business owner through a real Schedule of Values for a fire suppression construction contract — showing exactly how to break work into billable phases so you get paid periodically instead of waiting until the project is complete.

He covers how to divide work by trade, what to include in each line item (materials, installation, design), how percentage-complete billing actually works, and answers the #1 question new contractors ask: can you get paid upfront for bonding or mobilization?

Chapters:

00:00 - Why you need to bill in phases on longer contracts
00:38 - How percentage-complete billing works (25% example)
01:01 - Breaking a $200K project into line items
01:24 - The blank Schedule of Values template
02:02 - Q: How do I decide what goes in each column?
02:57 - Real example: fire suppression contract walkthrough
03:21 - Breaking work down by trade/division
03:49 - Applying it to demo, install, and design
04:38 - Where materials fit in your schedule of values
05:47 - Do you need this before or after the pre-construction meeting?
06:23 - It doesn't matter when work happens — only % complete
06:45 - Who do you bill, and how does inspection work?
07:13 - Do you invoice per phase or per billing period?
07:35 - Can you get money upfront for bonding or mobilization?

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