Work In Progress Schedule Form

The related item of work in the bid schedule of the bid form or incidental to the work.

Work in progress schedule form.

Of total bid 90 progress percent curve state const. The work in progress schedule wip is a more than just a list of all the jobs currently under way. Unless the contract requires a cpm schedule a progress schedule is required and is typically submitted on form 1130 this progress schedule is submitted by the contractor for approval within 7 calendar days after award and prior to starting work per 12sp 101a. Progress schedules shall represent a practical plan to complete the work within the contract time s of completion indicated and shall convey the contractor s intent in the manner of prosecution and progress of the work.

Percent 80 time work or available days 70 60 area engineer 50 40 30 contractor s signature 20 10 0 time. Progress schedule chart project no. Progress schedule form 1130. Job name or number this should remain the same for the duration of the project.

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. The wip should include the following information. Though the format of the wip varies from company to company it. Total contract price including change orders.

The work in progress wip report is an accounting schedule that s a component of a company s balance sheet. District engineer time. A requirement of the progress clause is to submit a construction schedule.