- Baldwin Paving Company
- 2026
- 60
- 5
- 8.33%
- $15,856,991
- 6.50%
- 20.97%
- 8.90%
- $329,917,951

The **$8.8M** remaining backlog across four long-duration projects offers modest near-term revenue, with **$3M+** concentrated in the 2026 resurfacing phase. Low 2026 win rates of **11.9%** on **$250M** bids signal potential cash flow gaps unless new awards materialize quickly. Focus on timely billing and collections from active Cobb and Clayton projects to sustain operations.
Medium-term Outlook (6-12 months)
Backlog drawdown will accelerate given extended contract terms and thin **1.38-6.5%** margins on low bids, requiring a step-up from the **4.7%** 2025 success rate. Limited visibility beyond current **$15.9M** annual wins could constrain growth without pipeline conversion.
Key Risk Period
The 6-12 month window presents elevated risk of revenue shortfall as the small backlog depletes amid historically low bidding success.
Recommendations
Tighten bid selection to improve win rates above **12%** and rebuild backlog toward **$20M+**. Accelerate execution on active projects while monitoring GA market opportunities for margin recovery.
- LRA Patching Milling Resurfacing Various Douglas County Roads
- Douglas County
- $2,638,658
- 9/21/26
- B3CBA2602621-0 HALL
- GDOT
- $5,866,832
- 9/18/26
- B3CBA2602600-0 COBB
- GDOT
- $2,289,920
- 9/18/26
- B3CBA2602617-0 BARROW
- GDOT
- $3,525,858
- 9/18/26
- B1CBA2602618-0 CARROLL
- GDOT
- $5,624,042
- 9/18/26
- FY26 LMIG Resurfacing
- Sandy Springs
- $9,097,632
- 9/18/26
- Asphalt Resurfacing Multiple Roads
- Heard County
- $931,646
- 9/9/26
- 2026 Road Resurfacing Program
- Forsyth County
- $11,134,677
- 8/27/26
- 0017405 Gwinnett
- GDOT
- $3,029,447
- 8/21/26
- 0017401 Fulton
- GDOT
- $2,965,320
- 8/21/26
- M006828 Fulton
- GDOT
- $2,050,004
- 8/21/26
- M006742 Gwinnett
- GDOT
- $3,244,756
- 8/21/26
- M006920 Gwinnett
- GDOT
- $6,103,139
- 8/21/26
- 0016351 Barrow
- GDOT
- $5,977,026
- 8/21/26
- M006182 Hall
- GDOT
- $2,236,627
- 8/21/26
- B2441 Barrett Parkway Burnt Hickory Road
- Cobb County
- $2,188,418
- 8/13/26
- B2938 Resurfacing Contract 2026 LMIG LRA Countywide Thoroughfares
- Cobb County
- $10,465,046
- 8/13/26
- Streer Resurfacing College Park
- College Park GA
- $255,063
- 8/11/26
- IFB CON DOT 2604 1260182 2025 LMIG Street Resurfacing Associated Activities Group 3
- Atlanta
- $3,436,677
- 8/3/26
- P I 0020661 SR 166 Chapel Hill Road
- Douglas County
- $1,333,413
- 7/24/26
- Lakeside Drive Holly Springs Pkwy
- Cherokee County
- $213,517
- 7/21/26
- B3CBA2602464-0 Fulton
- GDOT
- $2,999,309
- 7/17/26
- B3CBA2602460-0 Fulton
- GDOT
- $6,047,941
- 7/17/26
- B3CBA2602463-0 Cobb
- GDOT
- $1,552,464
- 7/17/26
- B3CBA2602320-0 Cherokee
- GDOT
- $69,681,543
- 7/17/26
- IFB 500 26 State Route 53 Lumpkin Campground Road Intersection Improvements
- Dawson County
- $2,423,573
- 7/9/26
- LMIG 2026 Milling Patching Resurfacing
- Suwanee
- $1,811,511
- 7/6/26
- Wilson Avenue Pedestrian Improvements CDBG
- Buford
- $684,612
- 7/2/26
- Peachtree Corners Circle Roundabout
- Peachtree City
- $1,517,491
- 6/15/26
- RFB 2026 02 LMIG Asphalt Resurfacing
- Holly Springs
- $530,902
- 6/5/26
- Florence Road Hiram Road Gaydon Road
- Cobb County
- $947,734
- 5/28/26
- FY 2026 LMIG Roadway Resurfacing
- Berrien County
- $2,092,956
- 5/28/26
- IFB 26 004 Roadway Improvements Various Roads
- Fairburn
- $2,195,286
- 5/22/26
- B1CBA2601915-0 Fulton
- GDOT
- $2,288,149
- 5/15/26
- 2026 Roadway Resurfacing Patching Facilities Paving
- Johns Creek
- $2,092,956
- 5/15/26
- 26 008 2026 Road Resurfacing Improvements
- Flowery Branch
- $1,327,643
- 5/14/26
- 2026 Resurfacing Phase 3 85708
- Cherokee County SC
- $4,402,205
- 5/8/26
- Due West SR 92 Realignment
- Paulding County
- $3,018,184
- 5/1/26
- 2026 LMIG Resurfacing
- Lawrenceville
- $1,630,475
- 4/30/26
- 2026 01 2026 Resurfacing
- Lowndes County
- $5,942,256
- 4/21/26
- Patching Milling Resurfacing Various Douglas County Roads
- Douglas County
- $3,025,852
- 4/20/26
- B1CBA2601737-0 Cobb
- GDOT
- $1,839,288
- 4/17/26
- B1CBA2601741-0 Clayton
- GDOT
- $3,163,702
- 4/17/26
- Chapel Hill Road Widening Reconstruction
- Douglas County
- $8,759,501
- 4/17/26
- 2026 13 2026 LMIG Non LMIG Paving
- Barrow County
- $4,072,401
- 4/9/26
- 2026 Resurfacing Phase 1 85708
- Cherokee County
- $5,942,256
- 4/6/26
- 2026 Resurfacing Phase 2 85708
- Cherokee County
- $4,715,998
- 4/6/26
- FY 2026 Asphalt Resurfacing Contract I
- Paulding County
- $7,503,076
- 3/27/26
- B3CBA2601542-0 Clayton/Fulton
- GDOT
- $3,305,927
- 3/20/26
- B1CBA2601181-0 Henry
- GDOT
- $35,352,441
- 3/20/26
- B1CBA2601539-0 Hall
- GDOT
- $2,718,096
- 3/20/26
- B3CBA2601364-0 FORSYTH
- GDOT
- $605,952
- 2/20/26
- B1CBA2601365-0 DOUGLAS
- GDOT
- $4,316,916
- 2/20/26
- B1CBA2601374-0 BARROW/ OCONEE
- GDOT
- $7,780,511
- 2/20/26
- 2026 SPLOST Milling Resurfacing Various Streets Districts 1 4
- Clayton County
- $9,157,995
- 2/19/26
- 2026 Resurfacing LMIG
- Marietta
- $3,432,693
- 2/6/26
- B1CBA2601265-0 Hall
- GDOT
- $7,012,350
- 1/23/26
- B1CBA2601212-0 Hall
- GDOT
- $1,065,321
- 1/23/26
- B1CBA2601183-0 Cherokee, Pickens
- GDOT
- $17,286,780
- 1/23/26
- East Cherokee Drive Macedonia Elementary School 82130
- Cherokee County
- $1,065,987
- 1/20/26
- East Cherokee Drive Macedonia Elementary School 82130
- GDOT
- $1,552,464
- 09/15/26
- 120
- 10.0%
- $388,116
- $1,397,218
- East Cherokee Drive Macedonia Elementary School 82130
- Cherokee County SC
- $4,402,205
- 07/07/26
- 120
- 69.2%
- $1,100,551
- $1,357,347
- East Cherokee Drive Macedonia Elementary School 82130
- GDOT
- $3,163,702
- 06/16/26
- 120
- 85.8%
- $790,926
- $448,191
- East Cherokee Drive Macedonia Elementary School 82130
- GDOT
- $3,305,927
- 05/19/26
- 365
- 35.9%
- $271,720
- $2,119,416
- $2,551,313
- $5,322,172


