- HP Civil Inc
- 2026
- 19
- 3
- 15.79%
- $21,756,232
- 2.20%
- 14.12%
- 4.80%
- $136,894,003

HP Civil Inc enters the period with **$40M** remaining backlog anchored by the **$18M** Willamette River project awarded in April 2026. Long 120-month durations on most active contracts will generate only modest monthly cash flow. Bidding volume remains elevated but the 6.3% success rate signals limited near-term replenishment.
Medium-term Outlook (6-12 months)
Backlog burn will accelerate modestly as multiple 2025 awards move into full production, yet the single 2026 win leaves a thin pipeline. Without improved win rates, annual revenue could fall below the **$21.9M** achieved in 2025. Cash flow pressure may emerge once early-stage mobilization costs on the large project peak.
Key Risk Period
The 12- to 24-month window following substantial completion of the **$18M** contract represents the primary risk, as the remaining **$22M** backlog is spread across low-value, extended-duration jobs. Continued 6% win rates would leave the firm with insufficient new work to sustain current overhead.
Recommendations
Prioritize targeted bid strategies on higher-probability Oregon DOT packages to restore a 25%+ success rate. Accelerate subcontractor negotiations and billing cycles on the **$18M** project to optimize cash conversion. Maintain disciplined overhead control until backlog exceeds **$60M**.
- All Roads Transportation Safety Wasco County
- ODOT
- $817,472
- 8/6/26
- MBM District 3 Joint Replacement
- ODOT
- $419,162
- 8/4/26
- NB Highland Dr Barnett Rd Section
- ODOT
- $2,968,614
- 6/25/26
- Eastern Oregon 2024 2027 ADA Curb Ramps Phase 3
- ODOT
- $4,664,545
- 6/11/26
- I 84 Bridges Over North Spruce Street La Grande
- ODOT
- $5,045,976
- 6/11/26
- I 84 Rieth Interchange Umatilla River Bridges
- ODOT
- $7,889,762
- 6/4/26
- Willamette River Stormwater Source Control Improvements Various Highways
- ODOT
- $18,368,456
- 4/30/26
- US97 Earl St Colfax Ln Madras Section
- ODOT
- $27,330,894
- 4/2/26
- SW 205th Avenue Baseline Quatama Improvements
- Washington County - OR
- $17,553,142
- 3/30/26
- 100343 Century Blvd Extension SE Lois Street E Main Street
- Washington County
- $27,605,997
- 3/11/26
- 25PW15 Parrott Creek Culvert Replacements
- Roseburg
- $2,130,880
- 3/10/26
- 2026 MIM I5 SB MP 301 13 300 89 Rut Repair
- ODOT
- $576,055
- 3/10/26
- Southwest Oregon Rural Intersection Safety Improvements Various Highways
- ODOT
- $783,823
- 3/5/26
- Polk County OR22 Perrydale Rd Kings Valley Highway Section Willamina
- ODOT
- $7,872,149
- 2/19/26
- Jackson County OR62 Lost Creek Lake Bridge
- ODOT
- $3,125,405
- 2/5/26
- Multnomah County US30BY Bridge Over Private Driveway Portland
- ODOT
- $964,626
- 2/5/26
- Driver Feedback Signs Deschutes County
- ODOT
- $416,167
- 1/15/26
- I5 N Umpqua R Corp NB SB Bridges Winchester
- ODOT
- $6,408,123
- 1/15/26
- NB Boone Bridge I 5 Over Willamette River MP 283 11 Joint Rehabilitation
- ODOT
- $1,952,755
- 1/14/26
- MBM District 3 Joint Replacement
- ODOT
- $419,162
- 10/03/26
- 120
- 0%
- -
- $419,162
- NB Highland Dr Barnett Rd Section
- ODOT
- $2,968,614
- 08/24/26
- 120
- 0%
- -
- $2,968,614
- NB Boone Bridge I 5 Over Willamette River MP 283 11 Joint Rehabilitation
- ODOT
- $18,368,456
- 06/29/26
- 120
- 34.2%
- $4,592,114
- $12,092,567
- $4,592,114
- $15,480,343


