Identifying Performance Obligations Sanderson Construction Company provides a variety of construction services, ranging from general contracting services to specialized subcontracting services ( e. g., electrical, plumbing services). Sanderson entered into a contract to construct a building for a customer. The contract identifies Sanderson as responsible for site preparation and all aspects of construction, including laying the foundation, framing, interior “ rough in” ( e. g., plumbing, electrical, drywall), and exterior and interior finishing.
Required:
Identify Sanderson’s performance obligations.