Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022
Retention receivable	$	580,926	$	585,556
Costs and estimated earnings in excess of billings:
Claims	562,646		677,367
Unapproved change orders	512,831		601,681
Other unbilled costs and profits	68,369		98,480
Total costs and estimated earnings in excess of billings	1,143,846		1,377,528
Capitalized contract costs	117,913		49,441
Total contract assets	$	1,842,685	$	2,012,525

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

	As of December 31,
(in thousands)	2023		2022
Retention payable	$	223,138	$	246,562
Billings in excess of costs and estimated earnings	1,103,530		975,812
Total contract liabilities	$	1,326,668	$	1,222,374