|Construction, Financial Model|
|Excel, Financial Model, Financial Planning, Financial Projection, Project Management, Startup Financial Models|
For construction companies that perform contract work, the work in progress (WIP) is an essential financial tool and an accurate way to know the true profitability of the company.
The goal of this template is to have a financial reporting tool that shows if you are “Over or under billed and cash positive or negative not only for each project but when all of the individual projects are taken together, for the entire company as a whole.
Update the general info in the Front Page
Enter the data in the “Work in progress” sheet, fill only the green cells
The input will dynamically flow in the following below:
Estimated cost to complete the project
% of completion to date
Profit to date
Recognized revenue or amount earned
Remaining cost to complete the project
Entries to record over/under billings
Conclusion and customization
This is a highly versatile, very sophisticated financial model template, and is also user-friendly.
If you have any inquiries, modification requests, or other requests of assistance to customize the model template for your business case please reach me through: [email protected]