Question: What are the risks associated with working on multi-period contracts? These could include political risks, weather risks, competitive risks, forecasting risks, and so forth. How

What are the risks associated with working on multi-period contracts? These could include political risks, weather risks, competitive risks, forecasting risks, and so forth. How is the firm managing these risks? What is its track record in managing these risks?

Are the risks likely to be severe enough that the firm should defer recognizing revenues until the project is completed?

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Multiperiod contracts refer to contracts that extend beyond the current financial period and may span several periods typically over a year or more Su... View full answer

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