Construction work in progress means the total of the balances
Construction work in progress means capital costs as defined above associated with a base load plant which have been incurred but have not been included in the utility's plant‑in‑service.
Construction work in progress means the total of the balance of work orders for property in process of construction on the last day of the preceding calendar year but does not include the equipment, machinery or devices used or available to construct such property but not incorporated therein.
Examples of Construction work in progress in a sentence
Construction work in progress represents the gross unbilled amount expected to be collected from customers for contract work performed to date.
Reviewed depreciation rates for adequate support, and compared them to RUS guidelines to determine that they were in compliance.(b) Construction work in progress.
Construction work in progress is valued at cost, plus profit recognised to date less any provision for anticipated future losses.
Construction work in progress, capital inventory and land are capitalized but not depreciated.
Construction work in progress is stated at the aggregate of contract costs incurred to date plus recognised profits less recognised losses and progress billings.
More Definitions of Construction work in progress
Construction work in progress means, as of the Operations Date, any construction project which is not a Documented Construction Project and that is, as of the Operations Date, under construction. Such term shall include, with respect to each construction project, the land right on which such construction project is being built, all personal property and fixtures to which the Contributor has title that are or are anticipated to be a part of such construction project and all contracts for the construction of such construction project to which the Contributor is a party.
Construction work in progress means capital costs as defined above associated with a base load plant which have been incurred but have not been included in the utility’s plant‑in‑service. ‘Construction work in progress’ shall not include any costs from a plant which fails to commence commercial operations, is abandoned, or is not in compliance with previously approved construction schedules or previously approved capital cost estimates. ‘Construction work in progress’ also shall not include any costs from a plant where the utility fails to prove the prudency of a challenged action or decision or where the commission finds the utility withheld material information related to the plant’s construction schedules or costs.
Construction work in progress means the total of the balances of work orders for plant in process of construction on the last day of the preceding calendar year.
Construction work in progress means the costs incurred in respect of construction contracts as at the balance sheet date.
Construction work in progress means any long-lived asset that is eligible to be capitalized in accordance with GAAP but has not been placed into service (including equipment, materials, supplies, improvements, labor, contractors, design work, capitalized interest and other assets in progress, in each case that are eligible to be capitalized in accordance with GAAP).
Construction work in progress means related facilities located in New Mexico on January 1 of the tax year which are in the process of construction. These related facilities are valued as construction work in progress in accordance with Section 7-36-33 NMSA 1978.
Construction work in progress means the Value as of a particular date of the FERC Accounts listed under the heading “Construction Work in Progress” on Exhibit 3.1.C.