WIP Accounting – Critical and Often Misunderstood

WIP Accounting – Critical and Often Misunderstood

In a study of thousands of construction company audited financial statements testing the profit projected on work in progress (WIP) reports over five years to the final reports of completed project profits, I found the average difference to be a little over 1% profit...
Too Much of a Good Thing

Too Much of a Good Thing

Too Much of a Good Thing Our construction industry is enjoying a robust rebound since the depths of the Great Recession, (2009-2012). Residential, commercial, industrial, public and private sectors are all participating, and the future looks pretty good. When the...