Annual report pursuant to Section 13 and 15(d)

Uncomplete Contracts

v2.4.0.6
Uncomplete Contracts
 12 Months Ended
Dec. 31, 2012
Uncompleted Contracts [Abstract]  
Uncomleted Contracts
UNCOMPLETED CONTRACTS
Costs, estimated earnings and related billings on uncompleted contracts at December 31, 2012 and 2011, respectively, are as follows: 
 
 
2012
 
2011
Cost incurred to date
 
$
867,232,427

 
$
1,647,328,123

Estimated earnings
 
119,723,818

 
343,455,309

 
 
986,956,245

 
1,990,783,432

Less - billings to date
 
(947,131,616
)
 
(1,948,515,268
)
 
 
$
39,824,629

 
$
42,268,164


 
Included in the accompanying consolidated balance sheets are the following at December 31, 2012 and 2011: 
 
 
2012
 
2011
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
62,096,284

 
$
69,251,022

Billings in excess of costs and estimated earnings on uncompleted contracts
 
(22,271,655
)
 
(26,982,858
)
 
 
$
39,824,629

 
$
42,268,164