Performance obligations construction industry

A construction contract may, in theory, be broken down into many promises that may need to be accounted for separately, the performance obligations construction industry. However, the contract for the construction service can continue to be accounted for as one performance obligation if the contractor can demonstrate that: Performance obligations construction industry

  • it will provide a significant integration service; Performance obligations construction industryConstruction industry performance obligations
  • the goods or services significantly modify or customise other goods or services promised in the contract; or
  • the goods and services within the contract are highly dependent on or integrated with other goods or services i.e. not distinct. Performance obligations construction industry

Given the integrated nature of contracting activities and that goods and services within the contract … Read more