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Tag: contracts

The Nuts and Bolts of the New Revenue Recognition Standards: An Overview for Contractors

Posted on by Andrew Litchford

New revenue recognition standards for contractors seem pretty simple until you start thinking about some of the complexities inherent in construction contracts. Let’s take a look at a couple of key concepts.

Understanding the Basics of the Job Schedule: Work in Progress

Posted on by Andrew Litchford

If your company needs to submit financial statements for bonding, you typically are required to submit a job schedule, which includes a list of all jobs open at the end of the reporting period, along with a list of jobs closed during the period.