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

Construction Contract and Other Service Revenues (Tables)

9 Months Ended

Sep. 30, 2020

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


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Construction contract revenue:
Guaranteed maximum price	$	4,358	$	16,217	$	14,834	$	54,365
Firm fixed price	1,365		2,349		9,421		6,009
Cost-plus fee	13,249		9,906		20,121		26,935
Other	1,351		225		1,864		637
	$	20,323	$	28,697	$	46,240	$	87,946

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


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Construction contract revenue:
Construction	$	18,786	$	27,988	$	42,520	$	86,487
Design	186		484		1,856		822
Other	1,351		225		1,864		637
	$	20,323	$	28,697	$	46,240	$	87,946

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


	For the Nine Months Ended September 30,
	2020		2019
Beginning balance	$	12,378	$	6,701
Ending balance	$	11,183	$	15,494

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


	For the Nine Months Ended September 30,
	2020		2019
Beginning balance	$	17,223	$	3,189
Ending balance	$	13,980	$	16,743

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


	For the Nine Months Ended September 30,
	2020		2019
Beginning balance	$	1,184	$	568
Ending balance	$	5,236	$	725
Portion of beginning balance recognized in revenue during:
Three months ended September 30	$	19	$	—
Nine months ended September 30	$	757	$	445