Taking the Mystery Out of Surety Credit - How Underwriters Analyze the Work in Process Report (WIP) 3816762268780510832-blid-9065512134407244732

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The WIP report is perhaps the most important report a contractor has to manage the profitability of the jobs it has in the backlog. Surety underwriters, on a per job basis, want to see the original contract amount, revised contract amount (takes into account any approved change orders), original estimated cost on a given project, and the original estimated gross profit.