Quarterly report [Sections 13 or 15(d)]

Contracts Receivable Including Retainage, Net

v3.25.2
Contracts Receivable Including Retainage, Net
9 Months Ended
Jun. 30, 2025
Contractors [Abstract]  
Contracts Receivable Including Retainage, Net Contracts Receivable Including Retainage, Net
Contracts receivable including retainage, net consisted of the following at June 30, 2025 and September 30, 2024 (in thousands):
June 30, 2025 September 30, 2024
(unaudited)
Contracts receivable $ 404,325  $ 299,156 
Retainage receivable 62,414  52,728 
466,739  351,884 
Allowance for credit losses (2,210) (1,073)
Contracts receivable including retainage, net $ 464,529  $ 350,811 
Retainage receivables are amounts earned by the Company but held by customers until contracts are near completion or fully completed.