CONTRACTS RECEIVABLE

12 Months Ended

Dec. 31, 2012

CONTRACTS RECEIVABLE

3. CONTRACTS RECEIVABLE

Amounts due on contracts as of December 31 were as follows (in thousands):

	2012		2011
Completed contracts
Current receivables	$	3,320	$	11,521
Long term receivables due after one year		—		625
Contracts in progress:
Current receivables		71,723		60,977
Retainage due within one year		1,298		4,313
		76,341		77,436
Less allowance for doubtful accounts		14,508		24
	$	61,833	$	77,412

Included in contracts in progress is the $31.3 contract receivable balance on the suspended Cheviot project from Bluewater as described in Note 2.