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This template is for articles actively undergoing construction. If the article instead is actively undergoing a major edit, please use {{In use}}. Template parameters This template prefers inline formatting of parameters. Parameter Description Type Status Alternate image altimage Provide an alternate image for the template. Should be a complete file tag. Example [[File:Under_construction_icon ...
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This template is for articles actively undergoing construction. If the article instead is actively undergoing a major edit, please use {{In use}}. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Alternate image altimage Provide an alternate image for the template. Should be a complete file tag. Example [[File ...
This COBie MVD, produced under contract to the Construction Engineering Research Lab, was created by the buildingSMART international Model View Definition support group, and was based on IFC 4. [9] The main standard contains the project's Information Delivery Manual and Model View Definition as well as business case and implementation resources.
A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...
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).
A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
The construction documents, specifically the technical specifications, require the contractor to submit product data, samples, and shop drawings to the architect and engineer for approval. This is one of the first steps that is taken by the contractor after execution of the construction contract and issuance of the "Notice to Proceed".