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, 2023
Revenue from Contract with Customer [Abstract]  
Construction Contract and Other Service Revenues Construction Contract and Other Service Revenues
We disaggregate in the table below our construction contract and other service revenues by compensation arrangement as we believe it best depicts the nature, timing and uncertainty of our revenue (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
2023 2022 2023 2022
Construction contract revenue:
Firm fixed price $ 9,403  $ 3,257  $ 15,282  $ 6,701 
Guaranteed maximum price 2,001  36,503  8,744  84,426 
Cost-plus fee 2,558  2,255  5,267  3,561 
Other 281  542  770  1,069 
$ 14,243  $ 42,557  $ 30,063  $ 95,757 

We recognized an insignificant amount of revenue in the three and six months ended June 30, 2023 and 2022 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,
2023 2022
Beginning balance $ 7,618  $ 7,193 
Ending balance $ 8,127  $ 4,751 

Contract assets 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,
2023 2022
Beginning balance $ 22,331  $ 22,384 
Ending balance $ 20,494  $ 29,223 

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,
2023 2022
Beginning balance $ 2,867  $ 2,499 
Ending balance $ 3,028  $ 2,363 
Portion of beginning balance recognized in revenue during:
Three months ended June 30,
 $ 23  $ 164 
Six months ended June 30,
 $ 100  $ 190 

Revenue allocated to the remaining performance obligations under existing contracts as of June 30, 2023 that will be recognized as revenue in future periods was $58.6 million, of which we expect to recognize approximately $31 million in the six months ending December 31, 2023 and most of the remainder in 2024.

We have no deferred incremental costs incurred to obtain or fulfill our construction contracts or other service revenues as of June 30, 2023 and December 31, 2022. We had insignificant net credit loss expense or recoveries on construction contracts receivable and unbilled construction revenue for the periods reported herein.