- Griffin Grading & Concrete
- 2026
- 24
- 2
- 8.33%
- $50,997,964
- 7.58%
- 15.24%
- 5.62%
- $102,917,117

Execution of the **$42.7M** remaining backlog will drive steady cash flow, led by the Laurens project (**$33.3M** est. remaining) and Clinch project (**$7.1M** est. remaining) under 120-month durations. The Bulloch Effingham project contributes minimally with only **$2.3M** left. Low 2026 bidding volume limits near-term additions to the pipeline.
Medium-term Outlook (6-12 months)
Backlog burn continues at a measured pace given the extended contract durations, supporting predictable revenue through mid-2027. The sharp drop in success rate to **12.5%** (from **38.2%** in 2025) signals reduced new work capture, potentially flattening growth. Focus remains on converting the two active large projects without acceleration.
Key Risk Period
The 12-18 month window presents elevated risk as current backlog depletes without sufficient replacement, exacerbated by the **12.5%** win rate and only two jobs secured in 2026. Long-duration contracts limit near-term revenue velocity and expose the firm to sustained low bidding activity.
Recommendations
Increase bid volume and refine estimating to restore success rates above **30%**. Prioritize shorter-cycle projects to rebuild backlog diversity and improve cash flow timing beyond the existing **$42.7M** long-term commitments.
- B1CBA2601704-1 WILCOX
- GDOT
- $1,510,133
- 9/18/26
- B1CBA2602609-0 PUTNAM
- GDOT
- $2,767,077
- 9/18/26
- 2026 LRA 2027 LMIG T SPLOST Paving
- Hawkinsville
- $367,342
- 9/11/26
- 2026 Street Resurfacing
- Dublin
- $560,886
- 9/11/26
- Soperton 2026 LMIG LRA
- Soperton
- $148,753
- 9/3/26
- 0020167 Brantley
- GDOT
- $1,462,240
- 8/21/26
- M006688 Laurens
- GDOT
- $2,953,471
- 8/21/26
- Water System Improvements CDBG 25p x 116 2 6789
- Hawkinsville
- $1,167,207
- 8/20/26
- Runway Rehabilitation Vidalia Regional Airport
- Vidalia GA
- $1,434,906
- 8/6/26
- B1CBA2602381-0 Lee
- GDOT
- $2,161,851
- 7/17/26
- B3CBA2602469-0 Worth
- GDOT
- $3,166,839
- 7/17/26
- B3CBA2602465-0 Dodge
- GDOT
- $1,618,417
- 7/17/26
- B1CBA2602371-0 Coffee
- GDOT
- $2,768,065
- 7/17/26
- B1CBA2602331-0 Clinch
- GDOT
- $7,087,391
- 7/17/26
- B3TIA2602155-0 Ben Hill
- GDOT
- $6,447,995
- 6/12/26
- B1CBA2602218-0 Turner
- GDOT
- $2,322,257
- 6/12/26
- B1CBA2602184-0 Schley, Sumter
- GDOT
- $7,855,985
- 6/12/26
- B1CBA2602160-0 Bulloch
- GDOT
- $3,218,834
- 6/12/26
- Coston Road Paving
- Lee County
- $568,568
- 6/11/26
- Runway T Hanger Taxiway North Apron Rehabilitation
- Fitszgerald
- $3,201,443
- 6/10/26
- B3CBA2601882-0 Laurens
- GDOT
- $43,910,573
- 5/15/26
- B1CBA2601878-0 Crisp
- GDOT
- $1,285,574
- 5/15/26
- B3CBA2601512-0 Wilcox
- GDOT
- $2,667,059
- 3/20/26
- B1CBA2601370-0 TOOMBS
- GDOT
- $2,264,251
- 2/20/26

