Receivables, net

6 Months Ended

Jun. 30, 2024

Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and generally do not bear interest. The following table presents major categories of receivables:


(in thousands)	June 30, 2024		December 31, 2023
Contracts completed and in progress:
Billed	$	304,766	$	343,190
Unbilled	232,472		119,170
Total contracts completed and in progress	537,238		462,360
Materials sales	86,072		61,808
Other	86,889		76,084
Total gross receivables	710,199		600,252
Less: allowance for credit losses	951		1,547
Total net receivables	$	709,248	$	598,705

Included in other receivables at June 30, 2024 and December 31, 2023 were items such as estimated recovery from back charge claims, notes receivable, fuel tax refunds and income tax refunds. Other receivables at June 30, 2024 and December 31, 2023 also included $25.0 million of working capital contributions in the form of a loan to a partner in one of our unconsolidated construction joint ventures, plus accrued interest. None of our customers had a receivable balance in excess of 10% of our total net receivables as of June 30, 2024 or December 31, 2023.