A copy of sop 81 1 can be found easily online. The letters sop stand for Statement Of Position. It is a construction term used to determine which type of contract is in order for a particular project. Most construction contracts are long term because most projects tend to be long term. There are two methods of revenue recognition are allowed under the preceding pronouncements for construction
. contractors. More information can be found by visiting http://www.revenuerecognition.com/industry/construction/