👉 Engineering bills, also known as capital expenditure (CapEx) bills, are financial documents that outline the planned investments a company intends to make in its physical assets, such as new equipment, buildings, infrastructure, or technology upgrades. These bills are crucial for long-term strategic planning and are typically prepared by the company's finance or treasury department. They detail the expected costs, timelines, and benefits of each project, providing stakeholders with a clear understanding of the company's growth and development plans. Unlike operating budgets, which focus on day-to-day expenses, engineering bills are forward-looking and reflect the company's commitment to innovation and expansion. They often require approval from senior management or the board of directors, ensuring alignment with the company's overall strategic objectives.
