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Revenue (Tables)
9 Months Ended
Sep. 30, 2018
Revenue  
Schedule of contract assets

Contract assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

    

2018

    

2017

 

Unbilled revenue

 

$

262,510

 

$

160,092

 

Retention receivable

 

 

91,473

 

 

66,586

 

Contract materials (not yet installed)

 

 

28,509

 

 

39,224

 

 

 

$

382,492

 

$

265,902

 

 

Schedule of contract liabilities

Contract liabilities consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

    

2018

    

2017

 

Deferred revenue

 

$

200,865

 

$

159,310

 

Accrued loss provision

 

 

18,367

 

 

10,067

 

 

 

$

219,232

 

$

169,377

 

 

Schedule of revenue disaggregation by various categories

Master Service Agreements (“MSA”) and Non-MSA revenue was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2018

 

Segment

 

MSA

 

Non-MSA

 

Total

 

Power

 

$

48,004

 

$

133,818

 

$

181,822

 

Pipeline

 

 

14,986

 

 

198,087

 

 

213,073

 

Utilities

 

 

227,192

 

 

42,460

 

 

269,652

 

Transmission

 

 

100,227

 

 

21,299

 

 

121,526

 

Civil

 

 

 —

 

 

122,829

 

 

122,829

 

Total

 

$

390,409

 

$

518,493

 

$

908,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2018

 

Segment

    

MSA

    

Non-MSA

    

Total

 

Power

 

$

90,074

 

$

425,304

 

$

515,378

 

Pipeline

 

 

34,479

 

 

326,782

 

 

361,261

 

Utilities

 

 

515,295

 

 

149,919

 

 

665,214

 

Transmission

 

 

135,744

 

 

28,236

 

 

163,980

 

Civil

 

 

 —

 

 

355,975

 

 

355,975

 

Total

 

$

775,592

 

$

1,286,216

 

$

2,061,808

 

 

Revenue by contract type was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2018

 

Segment

 

Fixed-price

 

Unit-price

 

Cost reimbursable (1)

 

Total

 

Power

 

$

85,561

 

$

10,371

 

$

85,890

 

$

181,822

 

Pipeline

 

 

41,772

 

 

7,924

 

 

163,377

 

 

213,073

 

Utilities

 

 

42,763

 

 

144,611

 

 

82,278

 

 

269,652

 

Transmission

 

 

20,259

 

 

84,646

 

 

16,621

 

 

121,526

 

Civil

 

 

21,380

 

 

90,418

 

 

11,031

 

 

122,829

 

Total

 

$

211,735

 

$

337,970

 

$

359,197

 

$

908,902

 


(1)

Includes time and material and cost reimbursable plus fee contracts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2018

 

Segment

    

Fixed-price

    

Unit-price

    

Cost reimbursable (1)

    

Total

 

Power

 

$

310,599

 

$

36,015

 

$

168,764

 

$

515,378

 

Pipeline

 

 

82,394

 

 

58,247

 

 

220,620

 

 

361,261

 

Utilities

 

 

148,126

 

 

339,225

 

 

177,863

 

 

665,214

 

Transmission

 

 

28,259

 

 

110,103

 

 

25,618

 

 

163,980

 

Civil

 

 

45,803

 

 

269,630

 

 

40,542

 

 

355,975

 

Total

 

$

615,181

 

$

813,220

 

$

633,407

 

$

2,061,808

 


(1)

Includes time and material and cost reimbursable plus fee contracts.