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Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Sep. 30, 2017

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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, 2017 and 2016 consisted of the following:

		September 30,
		2017				2016
Costs incurred on uncompleted contracts		$	10,250,000			$	8,898,000
Estimated earnings			3,161,000				3,124,000
			13,411,000				12,022,000
Billings to date			6,643,000				7,101,000
Costs and estimated earnings in excess of billings		$	6,768,000			$	4,921,000

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