Percent complete

An expression of progress against a defined scope or value basis at a stated date.

Why it matters

A cost-weighted percentage is not the same as the share of elapsed time or the number of tasks finished. Reports should distinguish observed physical progress from the contractor’s billed percentage.

In practice

A project example

Expensive equipment arrives before installation, increasing billed value without making the building equally closer to occupancy.

General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.