Work In Progress Schedule Form

Progress schedule form 1130.

Work in progress schedule form.

The related item of work in the bid schedule of the bid form or incidental to the work. Progress schedule chart project no. The work in progress wip report is an accounting schedule that s a component of a company s balance sheet. A requirement of the progress clause is to submit a construction schedule.

Total contract price including change orders. Of total bid 90 progress percent curve state const. The wip should include the following information. The work in progress schedule wip is a more than just a list of all the jobs currently under way.

District engineer time. Percent 80 time work or available days 70 60 area engineer 50 40 30 contractor s signature 20 10 0 time. 100 bid item prorata. Though the format of the wip varies from company to company it.

It s calculated for each accounting period and required according to gaap principles on projects where the percentage of completion poc accounting method is used. Small businesses seeking a surety bond use this form to list any work they re currently performing. What does work in progress wip mean.