Annual report pursuant to Section 13 and 15(d)

Construction Contract and Other Service Revenues (Tables)

v3.20.4
Construction Contract and Other Service Revenues (Tables)
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The table below reports construction contract and other service revenues by compensation arrangement (in thousands):
For the Years Ended December 31,
2020 2019 2018
Construction contract revenue:
GMP $ 22,032  $ 67,708  $ 34,050 
Cost-plus fee 34,025  34,386  5,540 
FFP 12,373  10,688  20,327 
Other 2,210  981  942 
$ 70,640  $ 113,763  $ 60,859 

The table below reports construction contract and other service revenues by service type (in thousands):
For the Years Ended December 31,
2020 2019 2018
Construction contract revenue:
Construction $ 66,087  $ 112,170  $ 57,986 
Design 2,343  612  1,931 
Other 2,210  981  942 
$ 70,640  $ 113,763  $ 60,859 
Contract Asset, Contract Liability and Receivable
Accounts receivable related to our construction contract services is included in accounts receivable, net on our consolidated balance sheets. The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
For the Years Ended December 31,
2020 2019
Beginning balance $ 12,378  $ 6,701 
Ending balance $ 13,997  $ 12,378 

Contract assets, which we refer to herein as construction contract 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,
2020 2019
Beginning balance $ 17,223  $ 3,189 
Ending balance $ 10,343  $ 17,223 

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,
2020 2019
Beginning balance $ 1,184  $ 568 
Ending balance $ 4,610  $ 1,184 
Portion of beginning balance recognized in revenue during the year $ 757  $ 446