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Contributor • Trends and Hot Topics

CFMA Program Notice – CFMA: “WIP” From a Surety’s Perspective

August 7, 2014

downloadSept. 9, 2014,  7:30 – 8:15 a.m. registration and breakfast 8:15 – 10:00 a.m. program

Sheraton Needham Hotel, 100 Cabot Street, Needham, Mass.

Presented by: David Pesce, Director of Surety, Axis Insurance

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David Pesce

Perhaps the most important report a contractor can use to manage the profitability of the jobs it has in its backlog is The Work in Process (WIP) report. It becomes a crucial determining factor during both boom and bust markets for a company to obtain surety credit.

Plan on attending this event to learn more on how the Surety views the WIP report.

How are Costs in Excess of Billings and Billings in Excess of Costs viewed?

How is the WIP Report viewed over multiple periods?

What else may be considered as the most meaningful by the surety?

These questions and other vital information will be addressed at this presentation.

More information and to register:  http://cafe.cfma.org/MassBostonMA/Home/

 

 

 

CFMA David Pesce WIP report
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