2. COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

12 Months Ended

Dec. 31, 2013

Costs Estimated Earnings And Billings On Uncompleted Contracts

COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

Costs, estimated earnings and billings on uncompleted contracts are summarized below:

	December 31, 2013			December 31, 2012
Costs incurred on uncompleted contracts	$	14,496		$	9,915
Estimated earnings on uncompleted contracts		5,539			4,714
		20,035			14,629
Less: Billings to date on uncompleted contracts		(14,389	)		(12,835	)
	$	5,646		$	1,794
Included in the accompanying consolidated balance sheets under the following captions:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	5,847		$	2,547
Billings in excess of costs and estimated earnings on uncompleted contracts		(201	)		(753	)
	$	5,646		$	1,794

The balances in costs in excess of billings and estimated earnings on uncompleted contracts at December 31, 2013 and 2012 consisted of earned but unbilled revenues related to fixed-price projects.

The balances in billings in excess of costs and estimated earnings on uncompleted contracts at December 31, 2013 and 2012 consisted of unearned milestone billings related to fixed-price projects.