What is Construction in progress?

Costs accumulated for buildings and structures not yet completed and not yet put into service, and for equipment being installed. Regardless of whether construction is carried out by a contractor or by the company's own workforce, it is accounted for in account 0810; when the item is handed over, it becomes a fixed asset by the entry Dt 0100 – Ct 0810 (NAS No. 21, paragraphs 7 and 68).