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Contract Assets/(Liabilities) (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Contract Assetsliabilities |  |
Schedule of Contract Assets | Contract assets consisted of the following: Schedule of Contract Assets
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Revenue recognized to date |  |  | 26,612,224 |  |  |  | 30,223,079 |  |  |  | 22,365,079 |
Less: Progress billings to date |  |  | (21,105,331 | ) |  |  | (24,917,000 | ) |  |  | (18,438,580 | )
Less: credit losses |  |  | (396,528 | ) |  |  | - |  |  |  | - |
Contract assets |  |  | 5,110,365 |  |  |  | 5,306,079 |  |  |  | 3,926,499 |
Contract assets, net |  |  | 5,110,365 |  |  |  | 5,306,079 |  |  |  | 3,926,499 |
| Contract assets consisted of the following at December 31: Schedule of Contract Assets
|  | 2022 SGD |  |  | 2023 SGD |  |  | 2023 USD |
Revenue recognized to date |  |  | 21,137,410 |  |  |  | 26,612,224 |  |  |  | 19,693,046 |
Less: Progress billings to date |  |  | (14,113,469 | ) |  |  | (21,105,331 | ) |  |  | (15,617,945 | )
Less: Credit losses |  |  | - |  |  |  | (396,528 | ) |  |  | (293,431 | )
Contract assets |  |  | 7,023,941 |  |  |  | 5,110,365 |  |  |  | 3,781,670 |
Contract assets, current |  |  | 7,023,941 |  |  |  | 5,110,365 |  |  |  | 3,781,670 |
Schedule of Allowance for Contract Assets | Movement of the allowance for contract assets were as follows: Schedule of Allowance for Contract Assets
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | - |  |  |  | - |  |  |  | - |
Addition |  |  | 396,528 |  |  |  | - |  |  |  | - |
Write-off |  |  | (396,528 | ) |  |  | - |  |  |  | - |
Ending balance |  |  | - |  |  |  | - |  |  |  | - |
| Movement of the allowance for contract assets were as follows: Schedule of Allowance for Contract Assets
|  | December 31, 2022 |  |  | December 31, 2023 |  |  | December 31, 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | - |  |  |  | - |  |  |  | - |
Addition |  |  | - |  |  |  | 396,528 |  |  |  | 293,431 |
Write-off |  |  |  |  |  |  | (396,528 | ) |  |  | (293,431 | )
Ending balance |  |  | - |  |  |  | - |  |  |  | - |
Schedule of Contract Liabilities | Contract liabilities consisted of the following: Schedule of Contract Liabilities
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Billings in advance of performance obligation under contracts |  |  | 1,482,957 |  |  |  | 1,393,890 |  |  |  | 1,031,479 |
| Contract liabilities consisted of the following at December 31: Schedule of Contract Liabilities
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Billings in advance of performance obligation under contracts |  |  | 425,332 |  |  |  | 1,482,957 |  |  |  | 1,097,388 |
Schedule of Movement in Contract Liabilities | The movement in contract liabilities is as follows: Schedule of Movement in Contract Liabilities
|  | For the year ended December 31, 2023 |  |  | For the six months ended June 30, 2024 |  |  | For the six months ended June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Balance at beginning of the period |  |  | 425,332 |  |  |  | 1,482,957 |  |  |  | 1,097,388 |
Decrease in contract liabilities as a result of recognizing revenue during the year was included in the contract liabilities at the beginning of the year |  |  | (418,432 | ) |  |  | (1,223,140 | ) |  |  | (905,123 | )
Increase in contract liabilities as a result of billings in advance of performance obligation under contracts |  |  | 1,476,057 |  |  |  | 1,134,073 |  |  |  | 839,214 |
Balance at end of the period |  |  | 1,482,957 |  |  |  | 1,393,890 |  |  |  | 1,031,479 |
| The movement in contract liabilities is as follows at December 31: Schedule of Movement in Contract Liabilities
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Balance at beginning of the period |  |  | 804,103 |  |  |  | 425,332 |  |  |  | 314,746 |
Decrease in contract liabilities as a result of recognizing revenue during the year was included in the contract liabilities at the beginning of the year |  |  | (570,951 | ) |  |  | (418,432 | ) |  |  | (309,639 | )
Increase in contract liabilities as a result of billings in advance of performance obligation under contracts |  |  | 192,180 |  |  |  | 1,476,057 |  |  |  | 1,092,281 |
Balance at end of the period |  |  | 425,332 |  |  |  | 1,482,957 |  |  |  | 1,097,388 |

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- Definition Tabular disclosure of allowance for credit loss on right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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