Receivables, Net

12 Months Ended

Dec. 31, 2015

Note Four — Receivables, Net

Receivables consist of the following:

	As of
	December 31, 2015		December 31, 2014
Amounts billed to clients	$	4.2	$	3.3
Unbilled revenue		0.7		0.2
		4.9		3.5
Allowances for doubtful accounts*		—		—
Receivables, net	$	4.9	$	3.5

*	Less than $0.1 million.

Amounts billed to clients represent fees and reimbursable project-related expenses. Unbilled revenue represents fees, project-related expenses, materials, and subcontractor costs performed in advance of billings in accordance with contract terms. Unbilled revenue at December 31, 2015 and December 31, 2014 consists of amounts due from clients and is anticipated to be collected within normal terms. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its clients to make required payments and clients indicating their intention to dispute their obligation to pay for contractual services provided by us. If the financial condition of the Company’s clients were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.