Annual report pursuant to Section 13 and 15(d)

Construction Contract and Other Service Revenues (Tables)

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Construction Contract and Other Service Revenues (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
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 Years Ended December 31,
2023 2022 2021
Construction contract revenue:
FFP $ 30,846  $ 15,119  $ 13,897 
GMP 18,178  129,149  68,113 
Cost-plus fee 9,843  8,320  24,260 
Other 1,312  2,044  1,606 
$ 60,179  $ 154,632  $ 107,876 
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,
2023 2022
Beginning balance $ 7,618  $ 7,193 
Ending balance $ 10,500  $ 7,618 

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 Years Ended December 31,
2023 2022
Beginning balance $ 22,331  $ 22,384 
Ending balance $ 15,086  $ 22,331 

Contract liabilities are included in other liabilities on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
For the Years Ended December 31,
2023 2022
Beginning balance $ 2,867  $ 2,499 
Ending balance $ 4,176  $ 2,867 
Portion of beginning balance recognized in revenue during the year $ 326  $ 278