Unlocking Profit Potential: A Masterclass in Construction Work in Progress

Start

April 22, 2026 - 2:00 p.m. ET

Cost

Free!

Speakers

John Meibers
Vice President & General Manager, Deltek

This webinar will provide a comprehensive deep dive into work-in-progress reporting for construction firms, led by John Meibers, vice president and general manager of Deltek ComputerEase. It begins by defining WIP as the value of work completed and outlines the five essential data points required to calculate it: sales price, estimated total cost, costs-to-date, billed-to-date and projected cost-to-finish. The presentation emphasizes why WIP reporting is essential for accurate financial statements, proactive job management and maintaining healthy cash flow—particularly through understanding overbilling and underbilling.

The session will also explore strategies to manage WIP effectively for improved cash flow and profitability, including:

  • How WIP interacts with other core construction financial tools, including the schedule of values, backlog reporting and the general ledger
  • How billing structures impact over/under billing
  • How to compare and analyze WIP reports from different time periods to stay on track of jobs
  • How to create cash-flow-friendly SOVs
  • How to analyze WIP reports across different time periods by reviewing job costs, billing progress and change orders
  • The Importance of recording over/under billing in the general ledger and how these adjustments influence the balance sheet and P&L—critical insights for lenders, sureties and other external stakeholders


Construction Executive does not provide CPE credits or certificates for webinar attendance