Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2016

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Costs and Estimated Earnings in Excess of Billings

NOTE 3 – COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS

Costs and estimated earnings in excess of billings on uncompleted contracts as of September 30, 2016 and 2015 consisted of the following:

	September 30,
	2016		2015
Costs incurred on uncompleted contracts	$	8,898,000	$	4,547,000
Estimated earnings		3,124,000		1,114,000
		12,022,000		5,661,000
Billings to date		7,101,000		3,265,000
Costs and estimated earnings in excess of billings	$	4,921,000	$	2,396,000