Topic Thread

Job Interest Cost

  • 1.  Job Interest Cost

    Posted 07-12-2018 09:25

    I attended the CFMA conference this year and learned that other companies assess a job interest cost for any job in a negative cash position (underbilled) at month end. 

    Conversely, should I issue a credit for overbilled projects? 

    Would someone please explain how and when this concept is applied?

    Thank you

    Renee Sams

  • 2.  RE: Job Interest Cost

    Posted 09-17-2018 14:51
    We are also interested in seeing how this concept would be applied. Does anyone currently charge their jobs for interest based on positive/negative cash flow?

    Jani Hammond
    Assistant Controller
    HGC Construction
    Cincinnati OH
    (500) 802-6568