- Barnhill Contracting Co
- 2026
- 22
- 8
- 36.36%
- $73,852,404
- 8.78%
- 6.15%
- 6.70%
- $200,201,762

Barnhill holds **$63M** in remaining backlog, with multiple large 2026 awards such as the **$39.2M** Robeson project and three June bids totaling over **$22M** now fully active. These will drive steady cash flow through mobilization and early construction phases on high-duration contracts. Recent success rate of 36.4% indicates limited new awards to supplement near-term revenue.
Medium-term Outlook (6-12 months)
Backlog drawdown will accelerate on shorter-duration resurfacing and preservation programs, leaving primarily the larger highway projects to sustain operations. The drop from 52% win rate in 2025 to 36.4% in 2026 signals reduced replenishment capacity, potentially creating revenue gaps by year-end. Total 2026 low-bid volume of **$74M** provides only modest coverage against current backlog burn.
Key Risk Period
The 9-12 month window presents the highest exposure once initial 2026 awards are substantially complete and the lower bidding success rate limits new backlog additions. Cash flow pressure will intensify if project durations extend without corresponding wins.
Recommendations
Prioritize aggressive bidding on additional NC DOT lettings to restore win rate above 45% and target **$100M+** in new low bids within six months. Accelerate billing and subcontractor management on the **$63M** active backlog to maximize cash conversion before the risk window.
- C204970 Brunswick
- NCDOT
- 6/16/26
- C205213 New Hanover
- NCDOT
- 6/16/26
- C205182 Carteret
- NCDOT
- 6/16/26
- Street Resurfacing 2026
- Laurinburg
- 5/14/26
- 2026 Pavement Preservation Program
- Goldsboro
- 3/18/26
- C205176 Richmond
- NCDOT
- 3/17/26
- 44367.3.1 ROBESON C205036
- NCDOT
- 2/17/26
- Annual Contract Resurfacing
- Raleigh
- 2/10/26
- C205183 Nash
- NCDOT
- $8,452,432
- 7/21/26
- C205182 Carteret
- NCDOT
- $8,873,340
- 6/16/26
- C205213 New Hanover
- NCDOT
- $5,331,173
- 6/16/26
- C205212 Pender
- NCDOT
- $4,269,142
- 6/16/26
- C204970 Brunswick
- NCDOT
- $7,881,584
- 6/16/26
- C205153 HERTFORD
- NCDOT
- $5,799,999
- 5/19/26
- C205199 BRUNSWICK
- NCDOT
- $5,235,357
- 5/19/26
- C205187 CUMBERLAND
- NCDOT
- $16,735,353
- 5/19/26
- Street Resurfacing 2026
- Laurinburg
- $183,505
- 5/14/26
- C205130 WAYNE
- NCDOT
- $20,945,780
- 4/21/26
- C205192 SAMPSON
- NCDOT
- $6,806,845
- 4/21/26
- C205190 WAKE
- NCDOT
- $4,687,678
- 4/21/26
- 2026 Pavement Preservation Program
- Goldsboro
- $1,075,468
- 3/18/26
- C205176 Richmond
- NCDOT
- $4,288,024
- 3/17/26
- C205175 Onslow
- NCDOT
- $6,346,568
- 3/17/26
- Sidewalk Improvement W Baymeadow Dr Windjammer Dr Admiral St Grouse Street Dow
- Nags Head
- $386,571
- 3/10/26
- 44367.3.1 ROBESON C205036
- NCDOT
- $39,239,189
- 2/17/26
- C205166 HOKE/SCOTLAND
- NCDOT
- $4,100,137
- 2/17/26
- C205035 WAYNE
- NCDOT
- $31,573,716
- 2/17/26
- Annual Contract Resurfacing
- Raleigh
- $6,980,121
- 2/10/26
- 2026CPT.05.06.10921.1 WAKE
- NCDOT
- $5,123,108
- 1/20/26
- 2026 Road Rehabilitation TID 26 01
- Apex
- $5,886,672
- 1/15/26
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $8,873,340
- 08/15/26
- 730
- 0.4%
- $364,658
- $8,836,874
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $5,331,173
- 08/15/26
- 365
- 0.8%
- $438,179
- $5,287,355
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $7,881,584
- 08/15/26
- 730
- 0.4%
- $323,901
- $7,849,194
- 2026 Road Rehabilitation TID 26 01
- Laurinburg
- $183,505
- 07/13/26
- 120
- 30.0%
- $45,876
- $128,453
- 2026 Road Rehabilitation TID 26 01
- Goldsboro
- $1,075,468
- 05/17/26
- 120
- 77.5%
- $268,867
- $241,980
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $4,288,024
- 05/16/26
- 500
- 18.8%
- $257,281
- $3,481,875
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $39,239,189
- 04/18/26
- 1700
- 7.2%
- $692,456
- $36,423,200
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $3,450,222
- 06/15/25
- 450
- 95.3%
- $230,015
- $161,010
- 2026 Road Rehabilitation TID 26 01
- NCDOT
- $2,270,633
- 06/15/25
- 450
- 95.3%
- $151,376
- $105,963
- $2,772,609
- $62,515,904

