Unresolved revenue gets colder
Pending changes, disputed scope, unsigned approvals, unbilled work, and retainage become harder to resolve as the project team demobilizes and the record ages.
Small costs keep arriving
Punch, supervision, testing, cleanup, warranty support, temporary facilities, subcontract extras, and final invoices can keep reducing margin after substantial completion.
Old commitments distort the picture
Purchase orders and subcontract balances that should be closed can overstate exposure, while missing accruals and pending extras can understate it.
Billing is not collection
Final pay applications, lien releases, owner acceptance, disputed amounts, retainage, and closeout documents affect whether reported revenue actually becomes cash.
Closeout needs ownership
A strong closeout review assigns each open commercial condition an owner, evidence status, next action, and deadline before leverage disappears.