Annual report pursuant to Section 13 and 15(d)

Costs and Estimated Earnings on Uncompleted Contracts

v3.20.1
Costs and Estimated Earnings on Uncompleted Contracts
 12 Months Ended
Dec. 31, 2018
Contractors [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

NOTE 23. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

 

Costs and estimated earnings in excess of billings on uncompleted contracts are as follows:

 

    December 31,  
    2018     2017  
             
Costs incurred on uncompleted contracts     283,833     $ 101,785  
Estimated earnings     16,568       5,916  
      300,401       107,701  
Billings to date     (329,117 )     (139,946 )
      (28,716 )   $ (32,245 )
Included in the accompanying balance sheets:                
Costs and estimated earnings in excess of billings     5,974       5,286  
Billings in excess of costs and estimated earnings     (34,690 )     (37,531 )
Total     (28,716 )   $ (32,245 )