- APAC Atlantic - NC
- 2026
- 8
- 2
- 25.00%
- $11,551,248
- 6.04%
- 19.68%
- 12.36%
- $48,521,078

Recent low bids totaling **$11.6M** in 2026 plus the **$59.8M** Forsyth project from late 2025 will drive initial cash inflows as mobilization begins on the **$103M** backlog. The drop in success rate to 25% signals fewer near-term awards to replenish work.
Medium-term Outlook (6-12 months)
Execution of the remaining **$103M** backlog, anchored by multiple 2025 awards exceeding **$91.8M**, should sustain revenue through mid-2026 assuming typical 6-12 month project ramps. Lower 2026 bidding volume (**$48.5M** total) may create a gap if win rates do not recover.
Key Risk Period
The 6-9 month window after current large projects peak presents the highest risk, as the 25% success rate and limited 2026 pipeline could leave crews idle without new awards.
Recommendations
Prioritize bidding discipline on high-probability jobs to lift the win rate above 30% and accelerate cash collection on the **$59.8M** Forsyth contract to buffer the transition.
- C205157 Randolph
- NCDOT
- $13,168,309
- 6/16/26
- C205211 Buncombe
- NCDOT
- $5,254,923
- 6/16/26
- C205197 RANDOLPH
- NCDOT
- $5,786,031
- 5/19/26
- C205200 RUTHERFORD
- NCDOT
- $6,397,492
- 5/19/26
- C205193 RANDOLPH
- NCDOT
- $5,979,808
- 4/21/26
- C205169 STOKES
- NCDOT
- $6,296,325
- 2/17/26
- Countywide Parking Lot Improvements
- Buncombe County
- $2,113,190
- 2/5/26
- 51603.3.1 ROCKINGHAM
- NCDOT
- $3,525,000
- 1/20/26
- C205211 Buncombe
- NCDOT
- $5,254,923
- 08/15/26
- 365
- 0%
- -
- $5,254,923
- 51603.3.1 ROCKINGHAM
- NCDOT
- $6,296,325
- 04/18/26
- 120
- 68.3%
- $1,574,081
- $1,993,836
- 51603.3.1 ROCKINGHAM
- NCDOT
- $59,776,710
- 01/17/26
- 1950
- 8.9%
- $919,642
- $54,473,443
- 51603.3.1 ROCKINGHAM
- NCDOT
- $679,870
- 04/20/25
- 450
- 98.9%
- $45,325
- $7,554
- $2,539,048
- $61,729,756

