Tutorvo

Job profitability: earned revenue & over/under billing

Lesson 8 of 815 minLab

This lesson is part of the course

In this lesson

You build a work-in-progress (WIP) schedule for four jobs: % complete, earned revenue, over/under billing and the balance-sheet totals.

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Lessons in this course

  1. Quantity takeoff: areas, volumes, waste & order unitsLab14 min Locked
  2. Unit-rate estimate: labour hours, rates, materials & equipmentLab15 min Locked
  3. Crew productivity & activity durationLab13 min Locked
  4. Indirect costs, overhead & profit: markup vs marginLab14 min Locked
  5. Bid summary & contingencyLab14 min Locked
  6. Progress billing & retention (schedule of values)Lab15 min Locked
  7. Change orders, cost to complete & estimate at completionLab16 min Locked
  8. Job profitability: earned revenue & over/under billingLab15 min Locked