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
 6 Months Ended
Jun. 30, 2022
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 June 30, For the Six Months Ended June 30,
2022 2021 2022 2021
Construction contract revenue:
Guaranteed maximum price $ 36,503  $ 11,388  $ 84,426  $ 13,489 
Firm fixed price 3,257  2,441  6,701  3,912 
Cost-plus fee 2,255  5,847  3,561  18,333 
Other 542  312  1,069  812 
$ 42,557  $ 19,988  $ 95,757  $ 36,546 

The table below reports construction contract and other service revenues by service type (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
2022 2021 2022 2021
Construction contract revenue:
Construction $ 41,829  $ 18,828  $ 94,398  $ 34,584 
Design 186  848  290  1,150 
Other 542  312  1,069  812 
$ 42,557  $ 19,988  $ 95,757  $ 36,546 

We recognized an insignificant amount of revenue in the three and six months ended June 30, 2022 and 2021 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 Six Months Ended June 30,
2022 2021
Beginning balance $ 7,193  $ 13,997 
Ending balance $ 4,751  $ 10,003 

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 on our consolidated balance sheets. The beginning and ending balances of our contract assets were as follows (in thousands):
For the Six Months Ended June 30,
2022 2021
Beginning balance $ 22,384  $ 10,343 
Ending balance $ 29,223  $ 9,766 

Contract liabilities are included in other liabilities on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
For the Six Months Ended June 30,
2022 2021
Beginning balance $ 2,499  $ 4,610 
Ending balance $ 2,363  $ 2,320 
Portion of beginning balance recognized in revenue during:
Three months ended June 30 $ 164  $ 2,070 
Six months ended June 30 $ 190  $ 2,617 
Revenue allocated to the remaining performance obligations under existing contracts as of June 30, 2022 that will be recognized as revenue in future periods was $62.4 million, of which we expect to recognize approximately $44 million in the six months ending December 31, 2022 and the remainder in 2023.

We have no deferred incremental costs incurred to obtain or fulfill our construction contracts or other service revenues as of June 30, 2022 and December 31, 2021. Credit loss expense on construction contracts receivable and unbilled construction revenue was insignificant for the three and six months ended June 30, 2022 and 2021.