COPT Defense Properties Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Construction Contract and Other Service Revenues (Tables)

Construction Contract and Other Service Revenues (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

The table below reports construction contract and other service revenues by compensation arrangement (in thousands):



	For the Years Ended December 31,
	2018		2017		2016
Construction contract revenues:
GMP	$	34,050	$	78,401	$	22,405
FFP	20,327		22,607		24,571
Cost-plus fee	5,540		801		464
Other	942		1,031		924
	$	60,859	$	102,840	$	48,364

The table below reports construction contract and other service revenues by service type (in thousands):



	For the Years Ended December 31,
	2018		2017		2016
Construction contract revenues:
Construction	$	57,986	$	94,471	$	46,989
Design	1,931		7,338		451
Other	942		1,031		924
	$	60,859	$	102,840	$	48,364

Schedule of Accounts Receivable

The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):



	For the Years Ended December 31,
	2018		2017
Beginning balance	$	4,577	$	4,131
Ending balance	$	6,701	$	4,577

Contract with Customer, Asset and Liability

Contract assets, which we refer to herein as construction costs in excess of billings, are included in prepaid expenses and other assets, net reported on our consolidated balance sheets. The beginning and ending balances of our contract assets were as follows (in thousands):



	For the Years Ended December 31,
	2018		2017
Beginning balance	$	4,884	$	10,350
Ending balance	$	3,189	$	4,884

Contract liabilities are included in other liabilities reported on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):



	For the Years Ended December 31,
	2018		2017
Beginning balance	$	27,402	$	32,650
Ending balance	$	568	$	27,402
Portion of beginning balance recognized in revenue during the year	$	27,296	$	32,650