Trades & Local Services
Construction Cost Estimating & Job Costing
IntermediateCertificate$9.99
Construction Contract Accounting: WIP Schedules, Over/Under Billing & Margin Fade
Estimated gross profit, cost-to-cost progress, earned revenue, over- and underbillings, an eight-job WIP schedule with the year-end entry, change orders and margin fade, loss contracts, retainage and backlog: 8 labs on one contractor.
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What you'll build
What you will be able to do
Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.
- Turn Stonebrook Builders' eight winning bids into estimated total cost, estimated gross profit and gross margin, job by job and for the whole backlog.
- Measure the progress of all eight jobs at 31 Dec 2026 with cost-to-cost, find the cost still to come and count the jobs past the halfway mark.
- Calculate how much revenue each job has earned to date, how much of it belongs to 2026 and the gross profit recognised so far.
- Follow one school job through four quarters and watch it swing between underbilled and overbilled.
- Complete Stonebrook's work-in-progress schedule at 31 Dec 2026, split overbillings from underbillings, total them and book the WIP adjustment.
- Add approved change orders to each contract, compare the bid margin with today's margin and measure the fade in percentage points and dollars.
- Re-estimate two jobs, spot the one that has turned into a loss, provide for the remaining loss and see how much hits the first quarter of 2027.
- Calculate the retainage Stonebrook is owed and owes, the backlog still to be earned, and chart bid vs current margins by job.
About this course
Contractors bill on one schedule and earn revenue on another, and the gap between them shows up on the balance sheet. This course teaches you to measure it. You start with contract value, estimated total cost and gross profit, then calculate percent complete with the cost-to-cost method. Earned revenue to date and for the year follow. Comparing billings with earned revenue gives overbillings and underbillings, and you assemble a WIP schedule for eight jobs with the year-end adjustment. Further labs handle change orders and revised estimates that cause margin fade, recognise the full expected loss on a loss contract and summarise retainage and backlog with a margin-fade chart. For construction accountants, controllers and CPAs serving contractors.
Curriculum
Course content
8 lessons · 8 labs · 2.1 h · final exam
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Unlocked when you buy the course
- Final exam
Certificate
Finish with a certificate you can verify
Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.
- Names the course, your score and the date of issue
- A verification link for your CV or LinkedIn profile
- 12 questions, 75% to pass, unlimited retries.
A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.
Before you buy
Questions about this course
Is this a subscription?
No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.
What exactly do I get?
All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.
Can I get a refund?
Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.
When can I start?
Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.
Do I need Excel or other software?
No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.
Is the certificate an official qualification?
No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.
Full details are in our Terms · hello@tutorvo.com
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