3. COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

12 Months Ended

Dec. 31, 2016

Contractors [Abstract]

COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

Costs, estimated earnings and billings on uncompleted contracts are summarized below:

	December 31, 2016			December 31, 2015
Costs incurred on uncompleted contracts	$	8,858		$	3,220
Estimated earnings on uncompleted contracts		6,777			2,282
		15,635			5,502
Less: Billings to date on uncompleted contracts		(17,907	)		(4,194	)
	$	(2,272	)	$	1,308
Included in the accompanying consolidated balance sheets under the following captions:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	1,077		$	1,354
Billings in excess of costs and estimated earnings on uncompleted contracts		(3,349	)		(46	)
	$	(2,272	)	$	1,308

The balance in costs and estimated earnings in excess of billings on uncompleted contracts at December 31, 2016 and 2015 consisted primarily of earned but unbilled revenues related to fixed-price projects.

The balance in billings in excess of costs and estimated earnings on uncompleted contracts at December 31, 2016 and 2015 consisted primarily of unearned billings related to fixed-price projects.