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G.703 is a ITU-T standard originally written in 1972 [1] but subsequently revised a number of times since. It defines a physical and electrical interface used for encoding voice or data over 75 ohm co-axial cable terminated in BNC or Type 43 connectors or 120 ohm twisted pair cables terminated in RJ48C jacks.
A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.
ITU-T Recommendation G.709 Interfaces for the Optical Transport Network (OTN) describes a means of communicating data over an optical network. [1] It is a standardized method for transparent transport of services over optical wavelengths in DWDM systems.
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).
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