- Middlesex Paving
- 2026
- 11
- 3
- 27.27%
- $134,477,203
- 7.56%
- 15.16%
- 9.77%
- $740,315,089

With only **$689,746** in remaining backlog on the single active project, cash flow will remain constrained absent immediate new awards. The 20% success rate on **$620M** in 2026 bids provides limited near-term visibility, requiring rapid conversion of pending opportunities to sustain operations.
Medium-term Outlook (6-12 months)
Execution of the current **$2.1M** contract over its extended 120-month duration offers minimal revenue acceleration, leaving the firm dependent on improving the 25% prior-year win rate. Total 2026 low-bid volume of **$14.3M** suggests potential stabilization only if bidding efficiency increases.
Key Risk Period
The period beyond the next 6 months presents elevated risk due to the negligible **$689,746** backlog and historically low 20% success rate, which could result in revenue gaps and idle resources.
Recommendations
Prioritize targeted bids with refined estimating to reduce the 8.22% average left on low bids and boost win rates above 25%. Maintain strict cash monitoring on the long-duration project while pursuing shorter-cycle work to rebuild backlog.
- Asphalt Resurfacing
- Osceola County
- $120,216,750
- 8/18/26
- CT260715 SR 400 I 4 SR 600 US 17 92
- FDOT
- $24,453,338
- 7/29/26
- Reams Road Improvement Project Summerlake Park Blvd Taborfield Ave
- Orange County - FL
- $89,102,168
- 7/23/26
- Asphalt Milling Resurfacing Friction Course Asphalt Berms
- Orange County - FL
- $102,115,100
- 6/18/26
- Rehabilitate Shift Taxiway A Phases 1 2 Kissimmee Gateway Airport
- Kissimmee
- $26,745,544
- 6/2/26
- 26 005 Asphalt Paving FY 2026
- Ocoee
- $2,122,295
- 3/24/26
- North Donnelly Street Emergency Roadway Repair Permanent
- Mount Dora
- $2,011,500
- 3/16/26
- E8W33 CITRUS
- FDOT
- $212,470,836
- 2/5/26
- Resurfacing City Streets
- Orlando
- $12,138,158
- 1/30/26
- E8V59 LAKE
- FDOT
- $146,366,482
- 1/27/26
- City Lake Mary Milling Paving
- Lake Mary
- $2,572,918
- 1/12/26

