Retainage, Backlog and a Margin-Fade Chart
This lesson is part of the course
In this lesson
You calculate the retainage Stonebrook is owed and owes, the backlog still to be earned, and chart bid vs current margins by job.
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Lessons in this course
- Contract Value, Estimated Total Cost and Estimated Gross Profit Locked
- Percent Complete with the Cost-to-Cost Method Locked
- Earned Revenue to Date and Revenue for the Year Locked
- Billings vs Earned Revenue: Overbillings and Underbillings Locked
- The WIP Schedule for Eight Jobs and the Year-End Adjustment Locked
- Change Orders, Revised Estimates and Margin Fade Locked
- Loss Contracts: Recognise the Whole Loss Now Locked
- Retainage, Backlog and a Margin-Fade Chart Locked