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Pending content is not necessarily effective.","topic":"605","topic_title":"Revenue Recognition","subtopic":"605-35","subtopic_title":"Construction-Type and Production-Type Contracts","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"605-35-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_8BB6B0CE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic provides guidance on the accounting for a provision for losses on a <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contract</span></a> for which specifications are provided by the <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customer</span></a> for the construction of facilities or the production of goods or for the provision of related services. </span></span></div></div>","snippet":"This Subtopic provides guidance on the accounting for a provision for losses on a contract for which specifications are provided by the customer for the construction of facilities or the production of goods or for the pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f57af79663c5bb3df9e14fc4f216b356fb2c85babaf6b63c41ea8b995730eb0d","downloaded_from":"2026-09-10T00:43:37.434Z","last_downloaded_at":"2026-09-10T00:43:37.434Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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