MoraeSpend Intelligence
Life Sciences 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
$31.2M
Proposed accrual
selected firms
$19.8M
Firm-reported WIP · 19 of 23 firms responded
$11.4M
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 P$2,400,000$1,300,000$3,700,000Firm reported 25 Sep
Firm Q$3,900,000$2,600,000$6,500,000Firm reported 25 Sep
Firm R$2,100,000$1,200,000$3,300,000Firm reported 25 Sep
Firm S$1,800,000$1,000,000$2,800,000Firm reported 25 Sep
Firm M (MDL)$6,200,000$3,100,000$9,300,000Firm reported 25 Sep
Firm T$1,500,000$800,000$2,300,000Firm reported 25 Sep
Foreign agents (41)$1,200,000$900,000$2,100,000Firm reported 25 Sep
Firms U–W (3)$700,000$500,000$1,200,000Reminder sent