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Work in Progress – Understanding WIP

Work in Progress – Understanding WIP

For most construction companies, the name of the game in construction is profitability. Many construction companies sell millions every year, yet business owners often stay allow big-time profits to slip through the cracks. When used properly, a Work in Progress (WIP) report is a key part of job costing for maximizing profits and bringing in real net revenue for any construction company. In this article we will answer these 4 questions, helping you understand WIP reports and maximize profitability on every project. Let's get started! Understanding WIP What is WIP? How is WIP calculated? What are the benefits of using a WIP report? How do I create a WIP report & track profitability on...

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Best Practices

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Latest Projul Releases

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Construction Management

Free Estimate Templates

Kitchen Remodel Estimate Templates

Kitchen Remodel Estimate Templates

Are you a contractor or construction company planning a kitchen remodeling project? Do you want to avoid the headaches and guesswork that often come with creating accurate estimates for your project? Look no further! Projul has got you covered with free kitchen remodeling estimate templates that...

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Building Your Business

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