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Track 03 · 5 lessons

WIP & revenue

Read the WIP schedule like a CFO: cost-to-cost percent complete, earned revenue, over and under billing, and what your surety sees.

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Lessons

  1. Lesson 1 · doneCost-to-cost percent complete Cost-to-cost measures progress as cost to date over estimated total cost. How it works, and the cases where it misleads.Do it: calculator
  2. Lesson 2 · doneEarned revenue Earned revenue is contract value times percent complete. What goes in the contract value, and why earned revenue is not what you billed.Do it: explainer
  3. Lesson 3 · doneOver and under billing Billed minus earned: what over billing and under billing mean, which is a liability and which is an asset, and what each one tells you.Do it: calculator
  4. Lesson 4 · doneThe WIP schedule One row per job, one question per row: is this job where we think it is? How to build and review a work-in-progress schedule.Do it: calculator
  5. Lesson 5 · doneWhat sureties and lenders see How sureties and banks read your WIP: under billings, fade, working capital and backlog, and the rough math behind bonding capacity.Do it: calculator

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os.construction · LearnTrack 03

Completion card

Your name

completed WIP & revenue in Construction finance, from field to ledger.

  • Cost-to-cost percent complete
  • Earned revenue
  • Over and under billing
  • The WIP schedule
  • What sureties and lenders see

Not yet complete · Self-paced learning record, not an accredited certification.

← Track 02Job cost & forecastingTrack 04 →Change management
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