re: Construction Law question: Criminal Charges for Unbalanced bidding?

quote:

---

I front load occasionally depending on bit items, size of the project and % labor, if I need to pay cash to order something special, or if I know the owner's payment process is very slow.

Cash is king, especially in construction. Weekly payrolls are the norm compared to biweekly or semi-monthly. It also can be 2-4 months from the time an expense accurs vs when it gets revenue comes in to pay it.

---

This.

In practice, construction in progress account will always be +/- billings, resulting in either an asset or a liability. That doesn't make anything "fraudulent." OP was his own worst enemy on that exam.