Contract price 1000 1000 1000 1000

4th 3rd 2nd 1st

Presents Cost incurred During the Year 500 100 100 120
Past Cost incurred In Prior Years 320 220 120 0
Cost incurred to date 820 320 220 120
Future cost Estimated cost to complete 0 500 300 400
Total Estimated Cost 820 820 520 520

% 100% 39% 42% 23%

Contract Price 1000 1000
To Date Prior Year Curret Year
1st Construction Revenue 231 0 231
Less: Construction Cost 120 0 120
Gross Profit 111 0 111

2nd Construction Revenue 423 231 192

Less: Construction Cost 220 120 100
Gross Profit 203 111 92

3rd Construction Revenue 390 423 (33)

Less: Construction Cost (squeez) 320 220 100
Gross Profit 70 203 (133)

4th Construction Revenue 1000 390 610

Less: Construction Cost (squeez) 820 320 500
Gross Profit 180 70 110
Cost Plus Contract Price 375,000
Cost 300,000 100%
Gross Profit 75000 25%

Contract Pr 1000 700

Total Estim 820 820
180 -120 Total Anticipated Loss
 Contract Price 20,000

Year Cost Incurred Estimated CostProgress Billings

2013 5,600 8,400 5,000
2014 5,650 3,750 5,000
2015 3,750 0 10,000

Contract price 20,000 20,000 20,000

1st 2nd 3rd
Presents Cost incurred During the Year 5,600 5,650 3,750
Past Cost incurred In Prior Years 0 5,600 11,250
Cost incurred to date 5,600 11,250 15,000
Future cost Estimated cost to complete 8,400 3,750 0
Total Estimated Cost (TEC) 14,000 15,000 15,000
Difference of Contract price and TEC 6,000 5,000 5,000
% of completion 40% 75% 100%
Contract Price 20000
To Date Prior Years Curret Year
1st Construction Revenue 8,000.00 - 8,000.00
Less: Construction Cost 5,600.00 - 5,600.00
Gross Profit 2,400.00 - 2,400.00

2nd Construction Revenue 15,000.00 8,000.00 7,000.00

Less: Construction Cost 11,250.00 5,600.00 5,650.00
Gross Profit 3,750.00 2,400.00 1,350.00

3rd Construction Revenue 20,000.00 15,000.00 5,000.00

Less: Construction Cost (squeez) 15,000.00 11,250.00 3,750.00
Gross Profit 5,000.00 3,750.00 1,250.00
 2013 2014 2015
Construction Revenue 5,600 5,650 8,750 20,000
Collections Less: Construction Cost 5,600 5,650 3,750
4,000 Gross Profit 0 0 5,000
6,000
10,000
CIP PB
1000 Cost Plus 5,600 5000
4th 0
5,600 600.00 5,000.00
Current Assets
5,600 beg beg 5,000.00
5,650 actual additional 5,000.00
0 10,000.00
11,250 1,250.00
Current Assets
Year 1 Year 2 Year 3\
CIP 5,600.00 5,650 3,750.00
Cash 5,600.00 5,650

AR 5,000 5,000 10,000

Progress Billings 5,000 5,000

Cash 4,000 6,000 10,000

AR 4,000 6,000

construction cost 5,600 5,650 3,750.00

CIP 2,400 1,350.00 1,250.00
construction rev. 8000 7,000.00

PB 20,000
CIP
 CIP PB
11,250 10,000.00
3,750 20,000.00 10,000
5,000 20,000 20,000.00
20,000 -
0

Year 3\ CIP PB
5,600.00 5,000
3,750.00 2,400
8,000.00 5,000
3,000.00
10,000 Current Assets
8,000.00 5,000
5,650 5,000
10,000 1,350.00
15,000.00 10,000
5,000.00
Current Assets
5,000.00 15,000.00 10,000
3,750.00 10,000
1,250.00 20,000 20,000
20,000 - -
 Contract Price 20,000

Year Cost Incurred Estimated CostProgress BilliingsCollections

2013 5,600 8,400 5,000 4,000
2014 5,650 11,250 5,000 6,000
2015 11,250 0 10,000 10,000

Contract price 20,000 20,000 20,000 1000

1st 2nd 3rd 4th
Presents Cost incurred During the Year 5,600 5,650 11,250
Past Cost incurred In Prior Years 0 5,600 11,250
Cost incurred to date 5,600 11,250 22,500
Future cost Estimated cost to complete 8,400 11,250 0
Total Estimated Cost 14,000 22,500 22,500
Anticipated total loss -2,500 -2,500
% of completion 40% 50% 100%
Contract Price 20000
To Date Prior Year Curret Year
1st Construction Revenue (%) 8,000.00 - 8,000.00
Less: Construction Cost 5,600.00 - 5,600.00
Gross Profit 2,400.00 - 2,400.00

2nd Construction Revenue (%) 10,000.00 8,000.00 2,000.00

Less: Construction Cost (squeeze) 12,500.00 5,600.00 6,900.00
Gross Profit (2,500.00) 2,400.00 (4,900.00)

3rd Construction Revenue (%) 20,000.00 10,000.00 10,000.00

Less: Construction Cost (squeez) 22,500.00 12,500.00 10,000.00
Gross Profit (2,500.00) (2,500.00) -
 2013 2014 2015 Total
Construction Revenue 5,600 5,650 8,750 20,000
Less: Construction Cost 5,600 8,150 8,750 22,500
Gross Profit 0 -2,500 0

Cost Plus

Year 1 Year 2 Year 3\

CIP 5,600.00 5,650 11,250.00
Cash 5,600.00 5,650 11,250.00

AR 5,000 5,000 10,000

Progress Billings 5,000 5,000 10,000

Cash 4,000 6,000 10,000

AR 4,000 6,000 10,000

construction cost 5,600 6,900 10,000.00

CIP 2,400 4,900.00
construction rev. 8000 2,000.00 10,000.00

PB 20,000
CIP 20,000
 CIP PB
5,600 Actual 5,000
0 Gross profit

5,600 end 600 5,000 end

Current Assets

CIP PB
5,600 beg 5,000
5,650 Actual Gross loss 5,000
gross profit 2,500
8,750 end -1,250 10,000 end
Current liabilties

Year 1 Year 2 Year 3\

CIP 5,600.00 5,650 11,250.00
Cash 5,600.00 5,650 11,250.00

AR 5,000 5,000 10,000

Progress Billings 5,000 5,000 10,000

Cash 4,000 6,000 10,000

AR 4,000 6,000 10,000

construction cost 5,600 8,150 8,750.00

CIP 2,500.00
construction rev. 5600 5,650.00 8,750.00

PB 20,000
CIP 20,000
 CIP PB
8,750 beg Reverse 20,000 10,000
11,250 Actual Gross loss 0 10,000
gross profit 20,000
0 end 0 end

CIP PB
5,600.00 5,000
2,400
8,000.00 3,000.00 5,000
CA
8,000.00 5,000
5,650 5,000
4,900.00
8,750.00 10,000
1,250.00
CL

8,750.00 10,000
11,250.00 20,000 20,000 10,000
20,000.00 20,000
- 0
Construction in Progress
5600 Cost incurred during the year
0 Gross Profit durng the year Gross Loss during the year
5600
5650 600 CA
11250 Excess CIPoverPB
3750 1250 CA
5,000 20,000 Excess CIPoverPB
20000
0 0 CA
Excess CIPoverPB
 Progress Billings
Bill is send 5,000

5,000
5,000
10000
10,000
20,000 20000
0
 Contract Price 20,000

Year Cost Incurred Estimated CostProgress BilliingsCollections

2013 5,600 8,400 5,000 4,000
2014 5,650 6,750 5,000 6,000
2015 6,750 0 10,000 10,000

Contract price 20,000 20,000 20,000 1000

1st 2nd 3rd 4th
Presents Cost incurred During the Year 5,600 5,650 6,750
Past Cost incurred In Prior Years 0 5,600 11,250
Cost incurred to date 5,600 11,250 18,000
Future cost Estimated cost to complete 8,400 6,750 0
Total Estimated Cost 14,000 18,000 18,000
6,000 2,000 2,000
% of completion 40% 63% 100%
Contract Price 20000
To Date Prior Years Curret Year
1st Construction Revenue (%) 8,000.00 - 8,000.00
Less: Construction Cost 5,600.00 - 5,600.00
Gross Profit 2,400.00 - 2,400.00

2nd Construction Revenue (%) 12,500.00 8,000.00 4,500.00

Less: Construction Cost 11,250.00 5,600.00 5,650.00
Gross Profit 1,250.00 2,400.00 (1,150.00)

3rd Construction Revenue (%) 20,000.00 12,500.00 7,500.00

Less: Construction Cost (squeez) 18,000.00 11,250.00 6,750.00
Gross Profit 2,000.00 1,250.00 750.00

SFP
 2013 2014 2015
Construction Revenue 5,600 5,650 8,750 20,000
Less: Construction Cost 5,600 5,650 6,750
Gross Profit 0 0 2,000

Cost Plus

Year 1 Year 2 Year 3\

CIP 5,600.00 5,650 6,750.00
Cash 5,600.00 5,650 6,750.00

AR 5,000 5,000 10,000

Progress Billings 5,000 5,000 10,000

Cash 4,000 6,000 10,000

AR 4,000 6,000 10,000

construction cost 5,600 5,650 6,750.00

CIP 2,400 1,150.00 750.00
construction rev. 8000 4,500.00 7,500.00

PB 20,000
CIP 20,000
 CIP PB
5,600 Actual 5,000
0 Gross profit

5,600 600 5,000

Current Assets

CIP PB
5,600 beg 5,000 beg
5,650 Actual 5,000 additional billings
0 gross profit
11,250 1,250 10,000
Current Assets