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2. Percentage-of-completion method - Wikipedia

   en.wikipedia.org/wiki/Percentage-of-Completion...

   Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).

3. Completed-contract method - Wikipedia

   en.wikipedia.org/wiki/Completed-contract_method

   The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.

4. Construction in progress - Wikipedia

   en.wikipedia.org/wiki/Construction_in_Progress

   While costs are added to the construction in progress, related CIP account is debited with corresponding credits to accounts payable, accrued expenses, inventory, cash, and others. When the construction in progress is completed, related long-term asset account is debited and CIP account is credited.

5. Construction management - Wikipedia

   en.wikipedia.org/wiki/Construction_management

   A contractor progress payment schedule is a schedule of when (according to project milestones or specified dates) contractors and suppliers will be paid for the current progress of installed work. Progress payments or interim payments are partial payments for work completed during a portion of a construction period, usually a month. Progress ...

6. Value of work done - Wikipedia

   en.wikipedia.org/wiki/Value_of_work_done

   The value of work done (VOWD) is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progressed, regardless of whether or not they have been paid for or received.

7. Report: Wisconsin needs solution to road construction/repair ...

   www.aol.com/report-wisconsin-needs-solution-road...

   The report suggests that some options to fix the funding gap include increasing the state general fund transfers, increasing the gas tax and vehicle registration fees, switching to a mileage-based ...