COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Jan. 31, 2016

COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

Aggregate Amount of Costs Incurred and Earnings Accrued on Uncompleted Contracts Compared with Billings on Contracts

The table below sets forth the aggregate amounts of costs charged to and earnings accrued on uncompleted contracts compared with the billings on those contracts through January 31, 2017 and 2016.

	2017			2016
Costs charged to uncompleted contracts	$	485,629		$	764,071
Estimated accrued earnings	78,708			116,326
	564,337			880,397
Less - billings to date	770,386			982,182
	$	(206,049	)	$	(101,785	)

Amounts above are included in the accompanying consolidated balance sheets under the following captions:

	2017			2016
Costs and estimated earnings in excess of billings	$	3,192		$	4,078
Billings in excess of costs and estimated earnings	209,241			105,863
	$	(206,049	)	$	(101,785	)