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)
 9 Months Ended
Sep. 30, 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 September 30, For the Nine Months Ended September 30,
2024 2023 2024 2023
Construction contract revenue:
Firm fixed price $ 8,158  $ 6,616  $ 29,343  $ 21,898 
Guaranteed maximum price 6,318  2,817  28,410  11,561 
Cost-plus fee 1,868  2,205  4,574  7,472 
Other 318  311  1,196  1,081 
$ 16,662  $ 11,949  $ 63,523  $ 42,012 
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 Nine Months Ended September 30,
2024 2023
Beginning balance $ 10,500  $ 7,618 
Ending balance $ 3,836  $ 5,367 
The beginning and ending balances of our contract assets were as follows (in thousands):
For the Nine Months Ended September 30,
2024 2023
Beginning balance $ 15,086  $ 22,331 
Ending balance $ 22,540  $ 8,356 
Changes in contract liabilities were as follows (in thousands):
For the Nine Months Ended September 30,
2024 2023
Beginning balance $ 4,176  $ 2,867 
Ending balance $ 2,536  $ 3,938 
Portion of beginning balance recognized in revenue during:
Three months ended September 30,
 $ 87  $ 64 
Nine months ended September 30,
 $ 2,198  $ 164