Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]

Schedule of Contract Assets And Liabilities

The amounts as included on the Consolidated Balance Sheets consisted of the following:

	As of December 31,
(in thousands)	2021		2020
Retainage receivable	$	568,881	$	648,441
Costs and estimated earnings in excess of billings:
Claims	833,352		752,783
Unapproved change orders	418,054		415,489
Other unbilled costs and profits	105,362		68,462
Total costs and estimated earnings in excess of billings	1,356,768		1,236,734
Capitalized contract costs	69,027		74,452
Total contract assets	$	1,994,676	$	1,959,627

The amount as reported on the Consolidated Balance Sheets consisted of the following:

	As of December 31,
(in thousands)	2021		2020
Retainage payable	$	268,945	$	315,135
Billings in excess of costs and estimated earnings	761,689		839,222
Total contract liabilities	$	1,030,634	$	1,154,357