Question: When we formed the construction contract, do we need the margin percentage for the percentage-of-completion method? I am trying to calculate the revenue. I have

When we formed the construction contract, do we need the margin percentage for the percentage-of-completion method? I am trying to calculate the revenue. I have information about the estimated cost, cost incurred per year, the finalized cost, project years, and margin. However, I am not sure it is necessary. It said that the worker wants to add a margin of % on its cost estimate. Can anyone help me to use an example to explain to me?

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