WIP Reports Speak Volumes: What Does Yours Say to a Surety?0

• Documentation, Improving Productivity, Payment, Risk Management
• November 26, 2024

By Merchants Bonding Company A construction company’s work-in-progress (WIP) report speaks volumes about an organization’s competence and financial stability.  What should a WIP say, especially to the surety using it to extend surety credit?  WHY WIP? For top construction companies, WIP reports are a best practice. Used correctly, they can be a powerful risk management