The WIP report is one of the most valuable reports that a construction company has. Also known as a Work In Progress report, this tool allows management to identify potential cash flow issues, project progress, and the overall trajectory of their projects. But these reports are tough to maintain and require constant updates. And here’s a hint: that spreadsheet won’t cut it.

This guide will explain what WIP reporting is and the benefits that construction management software can offer. 

A WIP report, or Work in Progress report, is a document used to quickly detail a company’s current profitability on a project. It tracks the amount of money expended on the project, the amount billed, and the amount still required and compares it against the contract total.

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