Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

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Construction Contract and Other Service Revenues (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of construction contract and other service revenues by compensation arrangement
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 March 31,
2024 2023
Construction contract revenue:
Guaranteed maximum price $ 13,640  $ 6,743 
Firm fixed price 10,900  5,879 
Cost-plus fee 1,486  2,709 
Other 577  489 
$ 26,603  $ 15,820 
Schedule of accounts receivable, contract assets and contract liabilities The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
For the Three Months Ended March 31,
2024 2023
Beginning balance $ 10,500  $ 7,618 
Ending balance $ 12,734  $ 6,786 
The beginning and ending balances of our contract assets were as follows (in thousands):
For the Three Months Ended March 31,
2024 2023
Beginning balance $ 15,086  $ 22,331 
Ending balance $ 25,857  $ 20,619 
Changes in contract liabilities were as follows (in thousands):
For the Three Months Ended March 31,
2024 2023
Beginning balance $ 4,176  $ 2,867 
Ending balance $ 2,783  $ 3,399 
Portion of beginning balance recognized in revenue during period $ 1,487  $ 77