Work-in-Progress Reporting
How is a Work-In-Progress Report Used to Determine Bonding Capacity?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, underscores the important role a WIP report plays in a contractor’s bonding capacity. How Is The WIP Utilized To Make Management Decisions? The main purpose of a work-in-progress (WIP) report is to analyze and track profitability on open projects. Fading project profitability can…
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