- Douglas N Higgins
- 2026
- 7
- 1
- 14.29%
- $31,343,000
- 4.06%
- 19.44%
- 10.31%
- $107,776,383
Health Breakdown
Avg Left
20
Success
30
Avg Avg
5
Year Proj
50
2 Year Prior Proj
Qual Based
0
Cash Flow
-40
65%
Financial Health & Pipeline Brief
Analyzed On:
Aug 13, 2026
Douglas N Higgins
(Powered by Grok AI)
Near-term Outlook (next 3-6 months)
The contractor's **$31M** Northeast Booster Station project, with **$30M** remaining, will drive initial cash outflows during mobilization and early phases over its 120-month duration. Limited bidding activity and a 16.7% success rate in 2026 constrain near-term revenue diversification. Cash flow monitoring is essential to offset front-loaded costs on this single active backlog item.
Medium-term Outlook (6-12 months)
Steady progress on the **$30M** remaining backlog should generate consistent billings, though the 10-year timeline spreads revenue thinly without new wins. Prior year performance shows improved scale from the **$458k** 2025 low bid, but sustained low success rates risk backlog erosion. Focus on converting additional bids to maintain positive cash flow.
Key Risk Period
The post-2026 period presents elevated risk due to extreme reliance on one long-duration project and historically low win rates of 16.7-33.3%. Depletion of the **$30M** backlog without pipeline growth could trigger cash flow gaps by year-end 2027. Extended contract duration amplifies exposure to cost escalations and payment delays.
Recommendations
Prioritize aggressive bidding to exceed the current 6 jobs per year and rebuild backlog beyond **$30M**. Implement monthly cash flow forecasting tied to the active project's milestones. Secure bonding and working capital lines to support mobilization on future awards.
The contractor's **$31M** Northeast Booster Station project, with **$30M** remaining, will drive initial cash outflows during mobilization and early phases over its 120-month duration. Limited bidding activity and a 16.7% success rate in 2026 constrain near-term revenue diversification. Cash flow monitoring is essential to offset front-loaded costs on this single active backlog item.
Medium-term Outlook (6-12 months)
Steady progress on the **$30M** remaining backlog should generate consistent billings, though the 10-year timeline spreads revenue thinly without new wins. Prior year performance shows improved scale from the **$458k** 2025 low bid, but sustained low success rates risk backlog erosion. Focus on converting additional bids to maintain positive cash flow.
Key Risk Period
The post-2026 period presents elevated risk due to extreme reliance on one long-duration project and historically low win rates of 16.7-33.3%. Depletion of the **$30M** backlog without pipeline growth could trigger cash flow gaps by year-end 2027. Extended contract duration amplifies exposure to cost escalations and payment delays.
Recommendations
Prioritize aggressive bidding to exceed the current 6 jobs per year and rebuild backlog beyond **$30M**. Implement monthly cash flow forecasting tied to the active project's milestones. Secure bonding and working capital lines to support mobilization on future awards.
JOBS BID
- North 3 Utilities Extension UEP Contract 8 Master Pump Stations MPS 900 910
- Cape Coral
- $19,443,000
- 9/10/26
- Northport In Line Booster Pump Station Improvements
- Port St. Lucie
- $1,352,040
- 6/24/26
- 2026 ITB CP 007 JM Northeast Booster Station
- Cape Coral
- $31,343,000
- 6/9/26
- Southeast County Landfill Main Leachate Pump Station
- Hillsborough County
- $14,368,100
- 6/2/26
- Alligator Creek Stream Restoration
- Sarasota County
- $37,550,810
- 4/22/26
- 26 005 Construction Services Alleyway Central 1st Ave N
- Naples
- $656,043
- 2/12/26
- RFB 25 4832 WC 2 Flood Control Structure Replacement
- Southwest Florida Water MD
- $3,063,390
- 1/20/26
