- Ajax Paving Industries Florida
- 2026
- 68
- 17
- 25.00%
- $103,052,277
- 8.31%
- 33.47%
- 15.87%
- $399,092,157

Recent 2026 awards totaling over **$40M** in projects bid since May show full or near-full remaining balances, supporting steady cash inflows from mobilization on large resurfacing and drainage jobs. The improved 27.3% success rate and **$75M** in 2026 low bids indicate sufficient new work to maintain operations through early 2027.
Medium-term Outlook (6-12 months)
The **$56.8M** total backlog, concentrated in 120- to 300-month contracts, will generate predictable but slow-burn revenue as remaining balances on 2025-2026 projects decline gradually. Annual low-bid volume near **$72-75M** should replenish the pipeline if current bidding momentum holds.
Key Risk Period
Extended contract durations up to 400 months create prolonged cash flow lags and potential margin erosion from the 8-9.6% average left on low bids, with peak exposure likely in late 2027 when multiple long-term projects reach mid-completion without new awards.
Recommendations
Prioritize acceleration clauses and milestone billing on long-duration contracts to improve near-term liquidity. Increase bid volume selectively on shorter-cycle work to reduce reliance on the current extended backlog.
- Resurfacing Bahia Vista St North County Roads
- Sarasota County
- 9/18/26
- T1940 HIGHLANDS
- FDOT
- 8/26/26
- Stormwater Countywide Ditch Side Drain Restoration
- Hillsborough County
- 7/31/26
- 26 305 Road Construction Minor
- Polk County
- 7/29/26
- Roadway Resurfacing Repair Surtax WORCS 4
- Hillsborough County
- 7/8/26
- T1930 HENDRY
- FDOT
- 6/10/26
- Intersection Improvements Winchester Blvd South River Road
- Sarasota County
- 5/27/26
- Country Club Road Buckeye Loop Road Intersection Improvements
- Polk County
- 5/13/26
- Roadway Resurfacing Repair Surtax WORCS 2
- Hillsborough County
- 5/12/26
- T1934 CHARLOTTE
- FDOT
- 3/25/26
- T1915 LEE
- FDOT
- 3/25/26
- T1919 CHARLOTTE
- FDOT
- 3/25/26
- T1925 CHARLOTTE
- FDOT
- 3/25/26
- Cape Coral Parkway East 6 Laning Improvements
- Cape Coral
- 2/25/26
- Ten Mile Grade Road Phase I Roadway Improvements
- Hardee County
- 2/13/26
- BPW2621MR Major Roads Resurfacing FY2026
- Cape Coral
- 2/2/26
- Flatwork Construction
- St. Petersburg
- 1/22/26
- Resurfacing South McCall Rd Other South County Roads
- Sarasota County
- $4,830,300
- 9/23/26
- Resurfacing Bahia Vista St North County Roads
- Sarasota County
- $10,788,131
- 9/18/26
- ITB 26 141 Small County Outreach Program SCOP Milling Resurfacing E Gospel Island Rd CR 470 N Apopk
- Citrus County
- $4,028,860
- 9/15/26
- Sidewalk Replacement Repair North WORCS 2
- Hillsborough County
- $14,239,387
- 9/4/26
- T1945 MANATEE
- FDOT
- $16,549,096
- 8/26/26
- T1940 HIGHLANDS
- FDOT
- $17,290,361
- 8/26/26
- T7614 PASCO
- FDOT
- $5,897,600
- 8/26/26
- North Himes Avenue West Waters Avenue
- Hillsborough County
- $2,123,526
- 8/21/26
- Fiscal Year 2027 Pavement Preservation Package 2
- Pinellas County
- $5,455,540
- 8/4/26
- Stormwater Countywide Ditch Side Drain Restoration
- Hillsborough County
- $3,392,885
- 7/31/26
- T1942 MANATEE
- FDOT
- $9,933,292
- 7/29/26
- T7599 HERNANDO
- FDOT
- $9,595,574
- 7/29/26
- T7619 HILLSBOROUGH
- FDOT
- $2,408,939
- 7/29/26
- T1939 GLADES
- FDOT
- $18,472,861
- 7/29/26
- 26 305 Road Construction Minor
- Polk County
- $2,096,292
- 7/29/26
- FY2026 Airfield Pavement Rehabilitation
- Pinellas County
- $791,948
- 7/28/26
- Fiscal Year 2027 Pavement Preservation Package 4
- Pinellas County
- $6,222,889
- 7/21/26
- Fiscal Year 2027 Pavement Preservation Package 3
- Pinellas County
- $5,409,179
- 7/21/26
- Eiland Boulevard Fort King Road Intersection Improvements
- Zephyrhills
- $389,844
- 7/13/26
- Lake Lindsey Phase 4 Resurfacing Snow Memorial Hwy US 41 Broad St
- Hernando County
- $2,399,105
- 7/13/26
- Daughtery Road Green Slope Drive Intersection Improvements
- Zephyrhills
- $660,191
- 7/13/26
- Taxiway A Rehabilitation
- Sebring Airport Authority
- $5,028,564
- 7/8/26
- Roadway Resurfacing Repair Surtax WORCS 4
- Hillsborough County
- $15,504,152
- 7/8/26
- Fiscal Year 2027 Pavement Preservation Package 1
- Pinellas County
- $6,591,402
- 7/7/26
- 1st Street 1st Ave NW Restoration
- Largo
- $810,708
- 6/26/26
- Roadway Improvements Hendry Isles Boulevard Arcadia Avenue SR80
- Hendry County
- $3,316,640
- 6/17/26
- T1930 HENDRY
- FDOT
- $4,783,901
- 6/10/26
- T7534 HILLSBOROUGH
- FDOT
- $39,696,018
- 6/10/26
- MLK JR Avenue Milling Resurfacing
- Hardee County
- $1,716,826
- 6/10/26
- ITB 26 139 SCOP Resurfacing W Mustang Blvd W Mesa Verde Dr County Rod CR 491 Lecanto Hwy
- Citrus County
- $429,180
- 6/10/26
- Roadway Resurfacing and Repair Surtax WORCS 3
- Hillsborough County
- $16,887,663
- 6/5/26
- Intersection Improvements Winchester Blvd South River Road
- Sarasota County
- $1,381,740
- 5/27/26
- CR 540 Cypress Gardens Road Lake Ned Road Intersection Improvements
- Polk County
- $1,865,113
- 5/27/26
- T1933 HIGHLANDS
- FDOT
- $6,576,641
- 5/20/26
- T7587 HILLSBOROUGH
- FDOT
- $10,788,825
- 5/20/26
- T7595 HILLSBOROUGH
- FDOT
- $15,187,557
- 5/20/26
- T7607 PASCO
- FDOT
- $1,913,893
- 5/20/26
- SEF Taxiway A Rehabilitation
- Sebring Airport Authority
- $5,279,210
- 5/18/26
- Country Club Road Buckeye Loop Road Intersection Improvements
- Polk County
- $2,642,835
- 5/13/26
- Roadway Resurfacing Repair Surtax WORCS 2
- Hillsborough County
- $16,649,616
- 5/12/26
- FY26 Spot Paving
- Cape Coral
- $1,260,466
- 5/11/26
- Pine Crest Manor Blvd W Lambright St W Sligh Ave Resurfacing
- Hillsborough County
- $2,712,877
- 5/8/26
- Neighborhood Crossings FY23
- St. Petersburg
- $699,588
- 5/5/26
- Taxiway A Holding Bay
- Lakeland
- $9,815,370
- 4/24/26
- Walking Trail Resurfacing
- Tampa
- $275,140
- 4/20/26
- Rehabilitate Entrance Road LaBelle Airport
- Hendry County
- $646,691
- 4/14/26
- Hector Cafferata Sidewalks Turn Lanes
- Cape Coral
- $1,286,273
- 4/7/26
- Bayshore Blvd Concrete Pavement Repairs
- Hillsborough County
- $2,580,912
- 3/27/26
- T1915 LEE
- FDOT
- $6,891,903
- 3/25/26
- T1925 CHARLOTTE
- FDOT
- $3,142,904
- 3/25/26
- T1932 CHARLOTTE
- FDOT
- $2,277,388
- 3/25/26
- T1919 CHARLOTTE
- FDOT
- $7,440,041
- 3/25/26
- T1934 CHARLOTTE
- FDOT
- $1,717,616
- 3/25/26
- Small County Outreach Program Road Resurfacing S Apopka Ave E Anna Jo Drive US 41
- Citrus County
- $2,982,693
- 3/24/26
- Asphalt Trail Resurfacing Potter Park
- Sarasota County
- $413,587
- 2/26/26
- Cape Coral Parkway East 6 Laning Improvements
- Cape Coral
- $2,259,296
- 2/25/26
- Chase Street Trail Strain Boulevard West Veterans Avenue
- Lakeland
- $1,500,688
- 2/20/26
- CR 584 Waters Ave Florida Mining Blvd Intersection Improvements
- Hillsborough County
- $2,587,184
- 2/20/26
- Ten Mile Grade Road Phase I Roadway Improvements
- Hardee County
- $1,212,268
- 2/13/26
- Traffic Signal Intersection Improvements Chiquita Boulevard Embers Parkway
- Cape Coral
- $2,641,344
- 2/10/26
- BPW2621MR Major Roads Resurfacing FY2026
- Cape Coral
- $5,358,336
- 2/2/26
- BPW2631MR FY2026 Local Roads Resurfacing
- Cape Coral
- $6,402,278
- 2/2/26
- T1922 MANATEE
- FDOT
- $13,035,157
- 1/28/26
- T7577 HERNANDO
- FDOT
- $10,969,113
- 1/28/26
- T7579 HILLSBOROUGH
- FDOT
- $2,855,815
- 1/28/26
- FY 2026 Mill Overlay Various Street Locations Dunedin
- Dunedin
- $1,503,640
- 1/27/26
- Flatwork Construction
- St. Petersburg
- $500,000
- 1/22/26
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- Okeechobee County
- $4,097,305
- 1/14/26
- Resurfacing Bahia Vista St North County Roads
- Sarasota County
- $10,788,131
- 11/17/26
- 120
- 0%
- -
- $10,788,131
- T1940 HIGHLANDS
- FDOT
- $17,290,361
- 10/25/26
- 450
- 0%
- -
- $17,290,361
- Stormwater Countywide Ditch Side Drain Restoration
- Hillsborough County
- $3,392,885
- 09/29/26
- 120
- 0%
- -
- $3,392,885
- 26 305 Road Construction Minor
- Polk County
- $2,096,292
- 09/27/26
- 120
- 0%
- -
- $2,096,292
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- Hillsborough County
- $15,504,152
- 09/06/26
- 120
- 15.0%
- $3,876,038
- $13,178,529
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- FDOT
- $4,783,901
- 08/09/26
- 250
- 18.4%
- $574,068
- $3,903,663
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- Sarasota County
- $1,381,740
- 07/26/26
- 120
- 50.0%
- $345,435
- $690,870
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- Polk County
- $2,642,835
- 07/12/26
- 330
- 22.4%
- $240,258
- $2,050,199
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- Hillsborough County
- $16,649,616
- 07/11/26
- 120
- 62.5%
- $4,162,404
- $6,243,606
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- FDOT
- $3,142,904
- 05/24/26
- 180
- 68.3%
- $523,817
- $995,253
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- FDOT
- $7,440,041
- 05/24/26
- 300
- 41.0%
- $744,004
- $4,389,624
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- FDOT
- $6,891,903
- 05/24/26
- 225
- 54.7%
- $918,920
- $3,124,329
- ITB 2025 16 Okeechobee County NW144th Trail Lofton Road Improvements
- FDOT
- $10,205,481
- 10/26/25
- 400
- 83.3%
- $765,411
- $1,709,418
- $12,150,355
- $69,853,160



