Bill Type
Indicate the bill type for this contract item. Initially, this defaults to the bill type specified for the contract (header).
Progress - Select this option to have costs for this item billed on a percent complete or units complete basis.
T & M - Select this option to have costs for this item billed on a Time and Materials basis.
Both - Select this option to have costs for this item billed on a Time & Materials and/or Progress basis. You might typically use this option for items you bill on a T&M basis with a Progress backup.
None - Select this option if you are not billing costs through Job Billing.