Work-in-progress schedule

Percent complete is cost to date ÷ estimated total cost, where the estimated total cost is actual cost plus each PM's current estimate to complete. Earned revenue is the revised contract × percent complete. Over-billed jobs (positive) are cash the company has collected ahead of the work, a liability on the balance sheet; under-billed jobs (negative) are work the company has financed. This is the schedule a surety and the bank ask for each quarter.