Note 2 - Construction Contracts in Progress

12 Months Ended

Dec. 31, 2012

Long-term Contracts or Programs Disclosure [Text Block]

2.      CONSTRUCTION CONTRACTS IN PROGRESS

The status of contracts in progress as of December 31, 2012 and 2011 is as follows:

	2012			2011
Costs incurred on uncompleted contracts	$	24,667		$	17,673
Estimated earnings		13,047			13,476
Earned revenue		37,714			31,149
Less billings to date		(26,744	)		(27,782	)
Total	$	10,970		$	3,367
Classified as follows:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	12,673		$	7,262
Billings in excess of costs and estimated earnings on uncompleted contracts		(1,703	)		(3,895	)
Total	$	10,970		$	3,367

Costs and estimated earnings in excess of billings on uncompleted contracts are included in accounts receivable on the consolidated balance sheet, while billings in excess of costs and estimated earnings on uncompleted contracts are included in other accrued liabilities on the consolidated balance sheet.  All billed and unbilled amounts outstanding as of December 31, 2012 are expected to be collected within the next 12 months.

As of December 31, 2012 Fuel Tech had two construction contracts in progress that were identified as loss contracts and a provision for losses of $57 was recorded in other accrued liabilities on the consolidated balance sheets.As of December 31, 2011, Fuel Tech had one construction contract in progress that was identified as a loss contract and a provision for losses of $201 was recorded in other accrued liabilities on the consolidated balance sheets.