Work-in-Progress
Work-in-Progress (WIP) definition for contractors. Learn how to calculate under-billings and over-billings to understand your real cash position.
Calculation Formula
WIP Earnings = (Actual Costs / Total Est Costs) × Contract Price Work-in-Progress (WIP) definition for contractors. Learn how to calculate under-billings and over-billings to understand your real cash position.
WIP Earnings = (Actual Costs / Total Est Costs) × Contract Price