Underbillings definition

Underbillings means costs and estimated earnings in excess of ▇▇▇▇▇▇▇▇ on uncompleted contracts.
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Underbillings means costs and estimated earnings in excess of billings on uncompleted contracts. “Working Capital Objection Notice” shall have the meaning set forth in Section 2.07(b).
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Underbillings means, consistent with GAAP, the revenue recognized in excess of amounts paid or payable (contract receivables) to the Companies on uncompleted contracts (contract asset), excluding retainage. Underbillings may be noted on the Companies’ balance sheets as contract assets, costs and estimated earnings in excess of b▇▇▇▇▇▇▇ on uncompleted contracts and/or simply “under billings”.
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Examples of Underbillings in a sentence

  • Not at any time permit the Underbillings with ------------- respect to any project to be greater than $3,000,000.

  • Underbillings means the costs and estimated earnings of the Engineering and ------------- Construction Group in excess of customer ▇▇▇▇▇▇▇▇ on completed and uncompleted contracts.

  • Underbillings Ratio means, as of the last day of any Computation Period, ------------------- the ratio of (a) Underbillings as of the last day of such Computation Period to (b) all revenues booked, with respect to continuing operations in the ordinary course of business, by the Engineering and Construction Group during such Computation Period.

  • The Company shall not permit the Underbillings Ratio to exceed 0.30 to 1 for any fiscal quarter.

  • Not permit the Underbillings Ratio as of the ------------------- last day of any Computation Period to be greater than 5%.