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Deep Dive Into Construction Work in Progress

Date: Wednesday, June 12, 2024 Watch Now
Time: 2 p.m. ET (11 a.m. PT)
Length: 60 minutes
Speakers:    John Meibers, Vice President and General Manager, Deltek ComputerEase
Moderator:    Maggie Murphy, Managing Editor, Construction Executive


Webinar Description

Work in progress (WIP) is key to construction job costing, allowing contractors to proactively manage their jobs and businesses. By leveraging WIP reports, contractors can set their projects and businesses up for success.

In this webinar, you will learn:

  • What WIP is and why it’s essential
  • How WIP works with schedule of values, backlog, general ledger, etc.
  • How to compare and analyze WIP reports from different time periods to stay on top of jobs
  • How to calculate the progress of all ongoing work, allowing you to see what’s been done and what’s left to do—helping you manage budgets effectively.
  • To create accurate financial statements, outlining exactly what was spent on individual projects and where.
 

   Speaker Info

 

John Meibers, Vice President and General Manager, Deltek ComputerEase,
John Meibers has more than 35 years of experience serving the construction industry. He started in construction working for a large mechanical contractor in various roles (such as controller) and has spent the last 25 years serving more than 4,500 contractors nationwide as the leader of Deltek ComputerEase. He is focused on equipping contractors with the tools they need to manage profitability, drive growth and meet construction requirements.