Contracts in Progress
|6 Months Ended|
Jun. 30, 2017
|Property, Plant and Equipment [Abstract]|
|Contracts In Progress [Text Block]||
Note 6 Contracts in Progress
Accounts payable includes retainage due to subcontractors totaling $9.2 million and $8.9 million as of June 30, 2017 and December 31, 2016, respectively.
The Company has asserted claims and may have unapproved change orders on certain construction projects. These occur typically as a result of scope changes and project delays. Management evaluates these items and estimates the recoverable amounts. If significant, these recoverability estimates are evaluated to determine the net realizable value. If additional amounts are recovered, additional contract revenue would be recognized.