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

Construction Contract and Other Service Revenues (Tables)

3 Months Ended

Mar. 31, 2020

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



	For the Three Months Ended March 31,
	2020		2019
Construction contract revenue:
Guaranteed maximum price	$	5,044	$	12,356
Firm fixed price	5,072		2,325
Cost-plus fee	3,309		2,060
Other	256		209
	$	13,681	$	16,950

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



	For the Three Months Ended March 31,
	2020		2019
Construction contract revenue:
Construction	$	12,883	$	16,489
Design	542		252
Other	256		209
	$	13,681	$	16,950

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,
	2020		2019
Beginning balance	$	12,378	$	6,701
Ending balance	$	10,852	$	6,569

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



	For the Three Months Ended March 31,
	2020		2019
Beginning balance	$	1,184	$	568
Ending balance	$	1,417	$	1,005
Portion of beginning balance recognized in revenue during period	$	646	$	439

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



	For the Three Months Ended March 31,
	2020		2019
Beginning balance	$	17,223	$	3,189
Ending balance	$	7,463	$	14,834