Question: Ellicott Construction enters into a contract to design and build a hospital. Ellicott is responsible for the overall management of the project and identifies various

Ellicott Construction enters into a contract to design and build a hospital. Ellicott is responsible for the overall management of the project and identifies various goods and services to be provided, including engineering, site clearance, foundation, procurement, construction of the structure, piping and wiring, installation of equipment, and finishing. Under IFRS, does Ellicott have a single performance obligation to the customer in this revenue arrangement? Explain.

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