Tam Right Inc. (Tri) is a construction firm that specializes in the marine industry. Tri reports under ASPE and has a December 31 year end.\ \ \ \ In February 2022, Tri entered into a contract with Morley Boating Actions (MBA) to construct a dock for commercial use. It is estimated to take two years to build the commercial dock. The contract price is $145,000. At December 31, 2023, construction was 75% complete, based on costs incurred to date versus total expected costs.