COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

3 Months Ended

Mar. 31, 2019

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



	For the Three Months Ended March 31,
	2019		2018
Construction contract revenues:
Guaranteed maximum price	$	12,356	$	20,486
Firm fixed price	2,325		6,435
Cost-plus fee	2,060		58
Other	209		219
	$	16,950	$	27,198

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



	For the Three Months Ended March 31,
	2019		2018
Construction contract revenues:
Construction	$	16,489	$	25,915
Design	252		1,064
Other	209		219
	$	16,950	$	27,198

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



	For the Three Months Ended March 31,
	2019		2018
Beginning balance	$	6,701	$	4,577
Ending balance	$	6,569	$	4,021

Changes in contract liabilities were as follows (in thousands):



	For the Three Months Ended March 31,
	2019		2018
Beginning balance	$	568	$	27,402
Ending balance	$	1,005	$	8,279
Revenue recognized included in beginning balance	$	439	$	19,297

The beginning and ending balances of our contract assets were as follows (in thousands):



	For the Three Months Ended March 31,
	2019		2018
Beginning balance	$	3,189	$	4,884
Ending balance	$	14,834	$	4,250