2011 2012 2013

Contract price 6,000,000 6,000,000 6,000,000

Cost Incurred per year 3,400,000 2,550,000 200,000
Cost incurred to date 3,400,000 5,950,000 6,150,000
Estimated additional cost 2,100,000 150,000 -
Total estimated cost 5,500,000 6,100,000 6,150,000
Expected Gross profit 500,000 (100,000) (150,000)
Multiply: Completion percentage 62% 98% 100%
Gross profit to date 309,091 (100,000) (150,000)
(Gross Profit in prior years) - 309,091 (409,091)
Gross profit for the year 309,091 (409,091) 259,091
 2011 2012 2013
Revenue 3,400,000 2,550,000 50,000
Cost incurred per year 3,400,000 2,550,000 200,000
Gross profit for the year - - (150,000)