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.

The work in progress schedule wip is a more than just a list of all the jobs currently under way. Though the format of the wip varies from company to company it. A requirement of the progress clause is to submit a construction schedule. Job name or number this should remain the same for the duration of the project.

Of total bid 90 progress percent curve state const. District engineer time. 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.

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. 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 schedule form 1130. Percent 80 time work or available days 70 60 area engineer 50 40 30 contractor s signature 20 10 0 time.

What does work in progress wip mean. Progress schedule chart project no. The wip should include the following information.