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Project meetings take place at scheduled intervals to discuss the progress on the construction site and any concerns or issues. The discussion and any decisions made at the meeting must be documented. [4] Diaries, logs, and daily field reports keep track of the daily activities on a job site each day.
Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).
The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.
A daily progress report is a filmmaking report that is produced at the end of each shooting day by the First Assistant Director (1AD) and passed to the Production Manager for approval. The daily progress report contains a record of what scenes were shot that day, the locations used, the number of meals served, the vehicles and equipment ...
Construction Data Company, is a publisher of business information which caters to the commercial construction industry. They are also known as CDC News and CDC Publishing , and are the third largest provider of commercial SaaS construction reports in the United States , next to Dodge Report and Reed Construction Data .
A daily production report (DPR) or production report (PR) in filmmaking is the form filled out each day of production for a movie or television show to summarize what occurred that day. There is no standard template for a production report and each show usually has an original template, often created before production begins by one of the ...
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