Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021
Retention receivable	$	585,556	$	568,881
Costs and estimated earnings in excess of billings:
Claims	677,367		833,352
Unapproved change orders	601,681		418,054
Other unbilled costs and profits	98,480		105,362
Total costs and estimated earnings in excess of billings	1,377,528		1,356,768
Capitalized contract costs	49,441		69,027
Total contract assets	$	2,012,525	$	1,994,676

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

	As of December 31,
(in thousands)	2022		2021
Retention payable	$	246,562	$	268,945
Billings in excess of costs and estimated earnings	975,812		761,689
Total contract liabilities	$	1,222,374	$	1,030,634