Work in Progress (WIP) in the construction industry refers to any project that is currently underway but has not yet been completed. This can include everything from the initial planning stages to the final finishing touches. WIP is an important concept in construction as it allows project managers to track the progress of a job and ensure that it stays on schedule and within budget. By keeping a close eye on WIP, construction companies can identify any potential issues early on and make adjustments as needed to keep the project on track.Tracking WIP in construction involves monitoring various factors such as labor costs, material costs, and project timelines. This information is typically recorded in a WIP report, which provides a snapshot of how a project is progressing at any given time. By
What is Work in Progress (WIP)?
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