Work in Progress" is a paper targeted at contractors, tradespersons and professionals.
The paper reviews the:
- components of work in progress
- theory of work in progress
- mechanics of recording
- materials
- sub contracts
- labour
- overhead labour
- labour productivity report
- outlays
- labour on-cost recovery
- factory or direct business overhead allocation
- total monthly costs
- invoicing
- basis of charging
- summary of work in progress after invoicing
- investment in work in progress
This paper is highly recommended for any business person who is operating a work in progress system.
