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Related Party Transactions
9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Related Party Transactions
15.
Related Party Transactions

The Company often provides services to unconsolidated joint ventures and revenues include amounts related to recovering costs for these services. Revenues related to services the Company provided to unconsolidated joint ventures for the three months ended September 30, 2024 and September 30, 2023 were $47.6 million and $57.3 million, respectively, and $144.9 million and $164.8 million for the nine months ended September 30, 2024 and September 30, 2023, respectively.

For the three months ended September 30, 2024 and September 30, 2023, the Company incurred $36.7 million and $38.8 million, respectively, and $108.3 million and $118.5 million for the nine months ended September 30, 2024 and September 30, 2023, respectively, of reimbursable costs.

Amounts included in the consolidated balance sheets related to services the Company provided to unconsolidated joint ventures are as follows (in thousands):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Accounts receivable

 

$

52,679

 

 

$

38,898

 

Contract assets

 

 

10,177

 

 

 

38,009

 

Contract liabilities

 

 

15,036

 

 

 

15,287