- K&E Excavating
- 2026
- 17
- 7
- 41.18%
- $16,022,006
- 14.68%
- 8.89%
- 10.67%
- $102,472,899

Recent 2026 low bids totaling **$13.5M** across six projects, including the **$7.3M** North Fork Slide Stabilization and multiple **$1M+** street safety packages, will drive near-term cash inflows as work ramps up. The improved **40%** success rate supports steady backlog conversion from the current **$35.8M** remaining. Cash flow should remain positive provided mobilization on the April-May 2026 awards proceeds on schedule.
Medium-term Outlook (6-12 months)
Execution of larger 2025 awards such as the **$9.6M** Butler Market Roundabout and **$7.5M** Bear Creek Road project will sustain revenue through mid-2027, leveraging the **$35.8M** backlog. However, the drop in total low-bid volume from **$22.3M** in 2025 to **$13.5M** in 2026 signals potential softening unless bidding activity increases. Extended 120-month durations on most contracts will stretch cash flow timing.
Key Risk Period
The 6-9 month window following completion of the smaller 2026 neighborhood packages presents the highest risk, as the current backlog may deplete without sufficient new wins at the prior **31-40%** success rates. Long contract durations further amplify exposure to delayed payments or cost overruns.
Recommendations
Prioritize aggressive bidding to rebuild backlog above **$50M** while tightening change-order and billing cycles on long-duration projects. Monitor monthly cash conversion from the **$35.8M** backlog to maintain liquidity through the identified risk period.
- US20 Harney St Moore Dr Newport
- ODOT
- 7/23/26
- SW 19th Knoll Stormwater Improvements
- Bend
- 5/27/26
- 2nd Street Water Improvements
- Bend
- 4/30/26
- 2026 Neighborhood Street Safety Program Package B
- Bend
- 4/28/26
- 2026 Neighborhood Street Safety Program Package A
- Bend
- 4/28/26
- Neff Pedestrian Bicycle Improvements
- Bend
- 4/21/26
- ITB North Fork Slide Stabilization Slide 2 North Fork Road SE
- Marion County
- 1/28/26
- Astoria Cottage Grove Curb Ramps
- ODOT
- $11,997,132
- 7/23/26
- US20 Harney St Moore Dr Newport
- ODOT
- $2,543,970
- 7/23/26
- SW 19th Knoll Stormwater Improvements
- Bend
- $308,940
- 5/27/26
- 15th Ferguson RAB Construction
- Bend
- $3,480,719
- 5/6/26
- 2nd Street Water Improvements
- Bend
- $875,680
- 4/30/26
- 2026 Neighborhood Street Safety Program Package B
- Bend
- $979,609
- 4/28/26
- 2026 Neighborhood Street Safety Program Package A
- Bend
- $1,278,135
- 4/28/26
- Neff Pedestrian Bicycle Improvements
- Bend
- $2,778,605
- 4/21/26
- Bend Bikeways Construction SE 9th Street NE Bear Creek Rd SE 15th Street North
- Bend
- $2,390,040
- 4/7/26
- US97 Earl St Colfax Ln Madras Section
- ODOT
- $22,649,354
- 4/2/26
- 100343 Century Blvd Extension SE Lois Street E Main Street
- Washington County
- $28,954,634
- 3/11/26
- Azalia Windsor Sewer
- Bend
- $2,485,542
- 2/24/26
- Polk County OR22 Perrydale Rd Kings Valley Highway Section Willamina
- ODOT
- $7,180,531
- 2/19/26
- King Hezekiah Fargo Sewer
- Bend
- $2,174,711
- 2/3/26
- Ash Meadows Boeckman Creek Flow Mitigation 7068
- Wilsonville
- $4,899,160
- 1/29/26
- ITB North Fork Slide Stabilization Slide 2 North Fork Road SE
- Marion County
- $7,257,067
- 1/28/26
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $239,070
- 1/7/26
- US20 Harney St Moore Dr Newport
- ODOT
- $2,543,970
- 09/21/26
- 120
- 0%
- -
- $2,543,970
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $308,940
- 07/26/26
- 120
- 6.7%
- $77,235
- $288,344
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $875,680
- 06/29/26
- 120
- 29.2%
- $218,920
- $620,273
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $979,609
- 06/27/26
- 120
- 30.8%
- $244,902
- $677,563
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $1,278,135
- 06/27/26
- 120
- 30.8%
- $319,534
- $884,043
- Galveston Ave Pressure Reducing Valve Replacement
- Bend
- $2,778,605
- 06/20/26
- 120
- 36.7%
- $694,651
- $1,759,783
- $1,555,242
- $6,773,976


