Quarterly report [Sections 13 or 15(d)]

Contracts Receivable Including Retainage, Net

v3.25.1
Contracts Receivable Including Retainage, Net
6 Months Ended
Mar. 31, 2025
Contractors [Abstract]  
Contracts Receivable Including Retainage, Net Contracts Receivable Including Retainage, Net
Contracts receivable including retainage, net consisted of the following at March 31, 2025 and September 30, 2024 (in thousands):
March 31, 2025 September 30, 2024
(unaudited)
Contracts receivable $ 345,800  $ 299,156 
Retainage receivable 64,397  52,728 
410,197  351,884 
Allowance for doubtful accounts (988) (1,073)
Contracts receivable including retainage, net $ 409,209  $ 350,811 
Retainage receivables are amounts earned by the Company but held by customers until contracts are near completion or fully completed.