Construction Contracts

  • 3 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 3 min read Definitions
Long-Term Contract: Understanding and Application
Accounting Finance Economics Long-Term Contract Construction Contracts Accounting Standards Revenue Recognition Financial Reporting
A detailed guide on Long-Term Contracts, their historical context, types, key events, detailed explanations, mathematical formulas/models, importance, applicability, examples, and related terms.
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August 25, 2024 3 min read Definitions
Completed-Contract Method: An Accounting Method
Accounting Finance Accounting Methods Taxation Long-Term Contracts Profit Reporting Construction Contracts
The Completed-Contract Method is an accounting approach where net profit on a long-term contract is reported only upon the completion of the contract.
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August 25, 2024 3 min read Definitions
Retainage: Understanding the Concept in Construction Contracts
Finance Construction Construction Contracts Retainage Contractor Payments Quality Assurance Construction Law
A comprehensive guide to retainage in construction contracts, explaining its purpose, applications, calculations, and legal implications.
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