- Preferred Materials
- 2026
- 59
- 13
- 22.03%
- $78,417,678
- 8.67%
- 13.57%
- 8.55%
- $677,010,281

Preferred Materials holds **$30.8M** in remaining backlog, dominated by the **$23.5M** T7534 Hillsborough project. Execution of this and smaller active contracts should sustain cash flow through mid-year, supported by the **$36.5M** in 2026 low bids. Margin pressure from the 12.56% average left on low bids requires close monitoring to avoid early overruns.
Medium-term Outlook (6-12 months)
Backlog replenishment will depend on reversing the decline in win rate from 16.2% to 13.6% and total low-bid volume from **$67.8M** to **$36.5M**. The five listed projects provide limited visibility beyond the current **$30.8M**, creating a need for aggressive bidding in FL markets. Sustained execution at current margins could stabilize operations if new awards materialize by year-end.
Key Risk Period
The period beyond 12 months presents the highest risk as the long-duration contracts (up to 970 months) offer minimal near-term revenue acceleration while the reduced 2026 bidding success signals potential backlog erosion. Without improved hit rates, cash flow gaps may emerge once the **$23.5M** project nears completion.
Recommendations
Prioritize margin recovery on active jobs and increase bid volume selectively to restore the success rate above 15%. Focus resources on FL DOT opportunities to rebuild the **$30.8M** backlog within the next two quarters.
- Resurfacing South McCall Rd Other South County Roads
- Sarasota County
- 9/23/26
- T2A74 ALACHUA
- FDOT
- 8/26/26
- T2A75 DUVAL
- FDOT
- 8/26/26
- T1945 MANATEE
- FDOT
- 8/26/26
- Fiscal Year 2027 Pavement Preservation Package 2
- Pinellas County
- 8/4/26
- Fiscal Year 2027 Pavement Preservation Package 4
- Pinellas County
- 7/21/26
- Fiscal Year 2027 Pavement Preservation Package 1
- Pinellas County
- 7/7/26
- T7534 HILLSBOROUGH
- FDOT
- 6/10/26
- Widening Resurfacing CR 229 N Verdie Dorman Rd 3 9 Miles North Verdie Dorman Rd
- Baker County
- 2/19/26
- T2A49 DUVAL
- FDOT
- 1/28/26
- T2A54 DUVAL
- FDOT
- 1/28/26
- T7579 HILLSBOROUGH
- FDOT
- 1/28/26
- FY 2026 Mill Overlay Various Street Locations Dunedin
- Dunedin
- 1/27/26
- Resurfacing South McCall Rd Other South County Roads
- Sarasota County
- $4,560,862
- 9/23/26
- Resurfacing Bahia Vista St North County Roads
- Sarasota County
- $13,112,597
- 9/18/26
- T7614 PASCO
- FDOT
- $7,146,825
- 8/26/26
- T2A74 ALACHUA
- FDOT
- $3,511,851
- 8/26/26
- T2A78 DUVAL
- FDOT
- $4,086,676
- 8/26/26
- T2A75 DUVAL
- FDOT
- $2,092,517
- 8/26/26
- T1945 MANATEE
- FDOT
- $15,653,922
- 8/26/26
- T2A69 ALACHUA
- FDOT
- $6,077,672
- 8/26/26
- North Himes Avenue West Waters Avenue
- Hillsborough County
- $1,986,891
- 8/21/26
- Asphalt Resurfacing
- Osceola County
- $128,207,135
- 8/18/26
- Fiscal Year 2027 Pavement Preservation Package 2
- Pinellas County
- $4,973,836
- 8/4/26
- T2A29 DUVAL
- FDOT
- $9,236,795
- 7/29/26
- T1942 MANATEE
- FDOT
- $11,070,010
- 7/29/26
- T7599 HERNANDO
- FDOT
- $8,626,077
- 7/29/26
- T5891 BREVARD
- FDOT
- $15,894,822
- 7/29/26
- T5889 Brevard SR 46
- FDOT
- $3,588,294
- 7/29/26
- FY2026 Airfield Pavement Rehabilitation
- Pinellas County
- $907,766
- 7/28/26
- Fiscal Year 2027 Pavement Preservation Package 4
- Pinellas County
- $5,400,093
- 7/21/26
- Fiscal Year 2027 Pavement Preservation Package 3
- Pinellas County
- $5,138,434
- 7/21/26
- Roadway Resurfacing Repair Surtax WORCS 4
- Hillsborough County
- $16,661,875
- 7/8/26
- Fiscal Year 2027 Pavement Preservation Package 1
- Pinellas County
- $5,749,213
- 7/7/26
- Asphalt Milling Resurfacing Friction Course Asphalt Berms
- Orange County - FL
- $113,821,563
- 6/18/26
- T2A50 LEVY
- FDOT
- $16,175,712
- 6/10/26
- T2A63 ALACHUA
- FDOT
- $4,541,528
- 6/10/26
- T7534 HILLSBOROUGH
- FDOT
- $23,563,969
- 6/10/26
- T2A47 DUVAL
- FDOT
- $812,997
- 6/10/26
- Roadway Resurfacing and Repair Surtax WORCS 3
- Hillsborough County
- $14,789,743
- 6/5/26
- T7595 HILLSBOROUGH
- FDOT
- $13,603,764
- 5/20/26
- T2A66 LEVY
- FDOT
- $3,216,042
- 5/20/26
- T7587 HILLSBOROUGH
- FDOT
- $8,978,340
- 5/20/26
- T7607 PASCO
- FDOT
- $1,845,310
- 5/20/26
- T7609 HILLSBOROUGH
- FDOT
- $532,848
- 5/20/26
- T7610 PINELLAS
- FDOT
- $22,740,122
- 5/20/26
- Roadway Resurfacing Repair Surtax WORCS 2
- Hillsborough County
- $16,928,901
- 5/12/26
- Pine Crest Manor Blvd W Lambright St W Sligh Ave Resurfacing
- Hillsborough County
- $2,863,101
- 5/8/26
- County Road 1471 Major Rehabilitation US 301 Bradford County Line
- Alachua County
- $4,545,052
- 4/29/26
- T2963 DUVAL
- FDOT
- $5,958,101
- 3/25/26
- T1925 CHARLOTTE
- FDOT
- $3,704,435
- 3/25/26
- T2A61 NASSAU
- FDOT
- $1,670,535
- 3/25/26
- T2A70 LEVY
- FDOT
- $11,904,651
- 3/25/26
- T7586 [DISTRICT 06]
- FDOT
- $4,247,408
- 3/25/26
- T1919 CHARLOTTE
- FDOT
- $8,559,527
- 3/25/26
- T1915 LEE
- FDOT
- $7,984,400
- 3/25/26
- T1932 CHARLOTTE
- FDOT
- $2,787,919
- 3/25/26
- T5876 BREVARD
- FDOT
- $26,917,659
- 3/25/26
- 26 005 Asphalt Paving FY 2026
- Ocoee
- $2,868,187
- 3/24/26
- Cape Coral Parkway East 6 Laning Improvements
- Cape Coral
- $2,752,657
- 2/25/26
- CR 584 Waters Ave Florida Mining Blvd Intersection Improvements
- Hillsborough County
- $1,964,552
- 2/20/26
- Widening Resurfacing CR 229 N Verdie Dorman Rd 3 9 Miles North Verdie Dorman Rd
- Baker County
- $2,584,046
- 2/19/26
- BPW2621MR Major Roads Resurfacing FY2026
- Cape Coral
- $6,688,650
- 2/2/26
- BPW2631MR FY2026 Local Roads Resurfacing
- Cape Coral
- $6,671,975
- 2/2/26
- Resurfacing City Streets
- Orlando
- $22,911,935
- 1/30/26
- T1922 MANATEE
- FDOT
- $13,275,277
- 1/28/26
- T2A49 DUVAL
- FDOT
- $2,497,013
- 1/28/26
- T2A54 DUVAL
- FDOT
- $4,940,379
- 1/28/26
- T7577 HERNANDO
- FDOT
- $9,518,858
- 1/28/26
- T7579 HILLSBOROUGH
- FDOT
- $1,641,667
- 1/28/26
- FY 2026 Mill Overlay Various Street Locations Dunedin
- Dunedin
- $1,248,310
- 1/27/26
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- Alachua County
- $1,068,985
- 1/7/26
- Resurfacing South McCall Rd Other South County Roads
- Sarasota County
- $4,560,862
- 11/22/26
- 120
- 0%
- -
- $4,560,862
- T1945 MANATEE
- FDOT
- $15,653,922
- 10/25/26
- 300
- 0%
- -
- $15,653,922
- T2A75 DUVAL
- FDOT
- $2,092,517
- 10/25/26
- 210
- 0%
- -
- $2,092,517
- T2A74 ALACHUA
- FDOT
- $3,511,851
- 10/25/26
- 270
- 0%
- -
- $3,511,851
- Fiscal Year 2027 Pavement Preservation Package 2
- Pinellas County
- $4,973,836
- 10/03/26
- 120
- 0%
- -
- $4,973,836
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- Pinellas County
- $5,400,093
- 09/19/26
- 120
- 5.0%
- $1,350,023
- $5,130,088
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- Pinellas County
- $5,749,213
- 09/05/26
- 120
- 16.7%
- $1,437,303
- $4,791,011
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- FDOT
- $23,563,969
- 08/09/26
- 970
- 4.8%
- $728,783
- $22,422,210
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- FDOT
- $4,940,379
- 03/29/26
- 210
- 85.7%
- $705,768
- $705,768
- County Road No 222 NW 39th Avenue NW 97th Boulevard Safety Improvements
- FDOT
- $14,626,388
- 12/28/25
- 350
- 77.4%
- $1,253,690
- $3,301,385
- $5,475,567
- $67,143,450




