Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues

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Construction Contract and Other Service Revenues
 9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Construction Contract and Other Service Revenues Construction Contract and Other Service Revenues
We disaggregate our construction contract and other service revenues by compensation arrangement and by service type as we believe it best depicts the nature, timing and uncertainty of our revenue. 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,
2021 2020 2021 2020
Construction contract revenue:
Guaranteed maximum price $ 15,846  $ 4,358  $ 29,335  $ 14,834 
Cost-plus fee 4,742  13,249  23,075  20,121 
Firm fixed price 7,042  1,365  10,954  9,421 
Other 416  1,351  1,228  1,864 
$ 28,046  $ 20,323  $ 64,592  $ 46,240 

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,
2021 2020 2021 2020
Construction contract revenue:
Construction $ 26,893  $ 18,786  $ 61,477  $ 42,520 
Design 737  186  1,887  1,856 
Other 416  1,351  1,228  1,864 
$ 28,046  $ 20,323  $ 64,592  $ 46,240 

We recognized an insignificant amount of revenue in the three and nine months ended September 30, 2021 and 2020 from performance obligations satisfied (or partially satisfied) in previous periods.

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 Nine Months Ended September 30,
2021 2020
Beginning balance $ 13,997  $ 12,378 
Ending balance $ 5,726  $ 11,183 

Contract assets, which we refer to herein as construction contract costs in excess of billings, net, 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 Nine Months Ended September 30,
2021 2020
Beginning balance $ 10,343  $ 17,223 
Ending balance $ 12,987  $ 13,980 
Contract liabilities are included in other liabilities reported on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
For the Nine Months Ended September 30,
2021 2020
Beginning balance $ 4,610  $ 1,184 
Ending balance $ 3,818  $ 5,236 
Portion of beginning balance recognized in revenue during:
Three months ended September 30 $ 9  $ 19 
Nine months ended September 30
 $ 2,626  $ 757 

Revenue allocated to the remaining performance obligations under existing contracts as of September 30, 2021 that will be recognized as revenue in future periods was $159.2 million, of which we expect to recognize approximately $29 million in the three months ending December 31, 2021 and most of the remainder in 2022.
We have no deferred incremental costs incurred to obtain or fulfill our construction contracts or other service revenues as of September 30, 2021 and December 31, 2020. Our credit loss expense on construction contracts receivables and unbilled construction revenue totaled $412,000 and $463,000 in the three and nine months ended September 30, 2021, respectively, and was insignificant in the three and nine months ended September 30, 2020.