Energy Services of America CORP | 2013 | FY | 3


7.  UNCOMPLETED CONTRACTS
 
Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows:
               
   
Year Ended September 30,
 
             
   
2013
   
2012
 
Costs incurred on contracts in progress
  $ 159,962,769     $ 177,189,987  
Estimated earnings, net of estimated losses
    3,929,091       10,229,134  
      163,891,860       187,419,121  
Less Billings to date     158,554,791       177,867,911  
    $ 5,337,069     $ 9,551,210  
                 
Costs and estimated earnings in excess of billings on uncompleted contracts
  $ 9,034,956     $ 10,856,769  
 
               
Less Billings in excess of costs and estimated earnings on uncompleted contracts
    3,697,887       1,305,559  
 
               
 
  $ 5,337,069     $ 9,551,210  

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