MoraeSpend Intelligence
Energy edition

Month-end accrual · September close

Firm-reported WIP plus predicted unbilled work from phase forecasts · last quarter's firm-only accrual under-stated the actual
Due 5 OctSend to finance
$41.3M
Proposed accrual
selected firms
$27.6M
Firm-reported WIP · 38 of 44 firms responded
$13.7M
Predicted unbilled · from phase burn and cycle models
6%
Accrual vs actual error, trailing 3 months
was 31% firm-only
By firm
Untick to exclude a firm pending its response
FirmReported WIPPredicted unbilledProposed accrualStatus
Firm X$7,900,000$4,800,000$12,700,000Firm reported 25 Sep
Firm Y$3,100,000$1,400,000$4,500,000Firm reported 25 Sep
Firm Z$3,400,000$1,600,000$5,000,000Firm reported 25 Sep
Firm W$2,600,000$1,200,000$3,800,000Firm reported 25 Sep
Firm V$2,800,000$1,300,000$4,100,000Firm reported 25 Sep
Firm T$2,200,000$1,000,000$3,200,000Firm reported 25 Sep
Local counsel (19 countries)$3,900,000$1,700,000$5,600,000Firm reported 25 Sep
Experts and vendors$1,700,000$700,000$2,400,000Reminder sent