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UNCOMPLETED CONTRACTS
 12 Months Ended
Sep. 30, 2025
UNCOMPLETED CONTRACTS  
UNCOMPLETED CONTRACTS

10.

UNCOMPLETED CONTRACTS

Costs and estimated earnings in excess of billings on uncompleted contracts are included in contract assets on the Consolidated Balance Sheets. Billings in excess of costs and estimated earnings on uncompleted contracts are included in contract liabilities on the Consolidated Balance Sheets.

Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows:

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​

​

​

​

​

​

​

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September 30, 

  ​ ​ ​

September 30, 

​

  ​ ​ ​

2025

  ​ ​ ​

2024

Costs incurred on contracts in progress

​

$

471,208,654

​

$

347,180,901

Estimated earnings, net of estimated losses

​

 

71,159,322

​

 

59,349,378

​

​

 

542,367,976

​

 

406,530,279

Less billings to date

​

 

536,231,730

​

 

398,885,475

​

​

$

6,136,246

​

$

7,644,804

​

​

 

​

​

 

​

Costs and estimated earnings in excess of billed on uncompleted contracts

​

$

34,455,011

​

$

24,595,792

Less billings in excess of costs and estimated earnings on uncompleted contracts

​

 

28,318,765

​

 

16,950,988

​

​

$

6,136,246

​

$

7,644,804

​

The Company’s unaudited backlog at September 30, 2025, and September 30, 2024, was $259.7 million and $243.2 million, respectively.