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3 Vote

WIP on cost plus jobs to be calculated correctly and not on Lump sum basis

Margin on cost plus jobs shown on the BFM Revenue & Gross Mgn report is calculated on a Lump sum basis. ie. Revenue less costs.

For cost plus jobs, margin should rather be the cost*mark-up percentage.

This error creates an incorrect BFM WIP journal on rollover and needs to be manually adjusted each month for all cost plus jobs.This wip journal affects BFM, project and finance modules and the reports produced and is one of the most material line items on the P&L.

• Christine Jacobs
• Dec 5 2017

Project Operations

Company	Cornerstone Building Developments
Job Title / Role	Group Management Accountant
I need it...	Yesterday...Come on already

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