In construction, Costs In Excess of Billings on Uncompleted Contracts. Underbillings are calculated as [Total Cost Incurred to Date + Gross Profit Recognized to Date] – Total Amount Billed to Date. Underbillings are a current asset on a contractor’s balance sheet. More can be read about underbillings here.
Axcess Surety is the premier provider of surety bonds nationally. We work individuals and businesses across the country to provide the best surety bond programs at the best price.
