Hi,
I'm having discussions with a seller in the general construction business on the work that would sell during the LOI period that's before the 'Deal Close'. If he sells it, buys materials for it, and then hasn't completed the work before I buy the business, how is that work valued? How do I compensate him for that? Does he just get all sold work 100% before we close? That also doesn't make sense...
Thanks!
Valuing work in process deals in construction

by a searcher from University of Virginia-Darden - Darden School of Business
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