Forecast
This line in a PCI does not have cost.
What is an Owner Allowance/Contingency?
Total forecasted amount - spent to date = ?
What is insurance ETC amount?
How does Gilbane recognize revenue?
What is % complete?
In 2024 this magazine named Gilbane a worlds best employer?
What is Forbes magazine?
Organizing the forecast after initial set up.
What is a group?
Without this category code the potential impact for budget overruns would not be stated and there could be an over looked impact to the fee.
What is a contract group max?
OCIP
What is Owner Controlled Insurance Program?
Fully executed contract (accepted LOI), financing in place, agreed upon GMP/LS if a contract requirement/estimated value.
What is criteria for booking a sale?
Who became CEO of Gilbane Building Company in 2016?
Who is Michael McKelvy?
An entry recording and amount owed listed on the left hand side of a T account.
What is a debit?
Different between projected and forecasted billing amount.
What is a billing variance?
$13.00 per $1,000
What is SDI?
What is a system that tracks the progress and financial status of ongoing projects?
What is Work-in-Progress (WIP).
In what year did Gilbane acquire Innovative Technical Solutions, Inc. (ITSI)?
What is 2010?
To ensure accuracy and compliance in financial reporting.
What is audit?
Original fee + value of fee on approved and in process change orders.
What is forecast gross profit?
amortized over life of job.
What is payment and performance bond?
When a contract or a modification to a contract contains an element for which the price/revenue impact has not been determined.
What is a variable consideration?
What was the original business focus of Gilbane when it was founded?
What is carpentry and general contracting?
GOS
What is a union?
This billing type is used with a fee billing code. It would be used on a project where a fee can fluctuate based on how much is being billed and the fee is not a lump sum amount.
What is a BPB?
This date drives the policy end date.
What is CMiC Construction End date?
What accounting standard governs revenue recognition for construction contracts?
What is ASC 606?
In what year did Thomas Gilbane join his brother William to form "William Gilbane and Brother"?
What is 1883?
A resource owned or controlled by a business or economic entity
What is an asset?