BidJudge.com - Projects
dbyrd@highlandpaving.com
PO Box 1843
Fayetteville NC
28302
910-485-5790
910-323-4163
Health Breakdown
Avg Left
50
Success
50
Avg Avg
10
Year Proj
-30
2 Year Prior Proj
Qual Based
0
Cash Flow
-40
 
40%
40%
Health
Financial Health & Pipeline Brief
Analyzed On:  Aug 13, 2026
Highland Paving Co (Powered by Grok AI)
Near-term Outlook (next 3-6 months)
Highland Paving maintains stable cash flow from **$20.97M** remaining backlog across four active projects, with three bid in May-July 2026 and long 120-month durations supporting gradual revenue recognition. The 50% success rate on **$84.4M** total bids in 2026 provides a solid near-term pipeline to sustain operations.

Medium-term Outlook (6-12 months)
Backlog burn will accelerate as shorter-duration elements complete, requiring replacement volume to offset the drop from 2025's **$55.1M** in low bids. Continued 46-50% win rates position the firm to replenish work if bidding activity scales to prior-year levels of **$134.4M**.

Key Risk Period
The primary risk emerges in 9-15 months once the current **$21M** backlog is substantially depleted, particularly given 500-month contract durations that slow cash conversion and the 2.31% average left on low bids limiting margin buffers.

Recommendations
Prioritize aggressive bidding on 8-12 additional projects in the next quarter to build **$40M+** in new backlog. Monitor contract durations closely and negotiate faster progress payments to improve liquidity ahead of the depletion window.
 
JOBS LOW
  • Eastwood Road Median Improvements
  • Wilmington
  • 7/7/26
  • C205187 CUMBERLAND
  • NCDOT
  • 5/19/26
  • C205199 BRUNSWICK
  • NCDOT
  • 5/19/26
  • Rockfish Elementary School Parking Improvements
  • Cumberland County
  • 4/16/26
  • 2026CPT.08.04.10531 LEE
  • NCDOT
  • 1/20/26
Bidjudge
JOBS BID
  • NMAC Parking Lot Rehabilitation
  • Holly Springs
  • $1,644,245
  • 7/22/26
  • Eastwood Road Median Improvements
  • Wilmington
  • $2,430,216
  • 7/7/26
  • C204970 Brunswick
  • NCDOT
  • $8,411,806
  • 6/16/26
  • C205212 Pender
  • NCDOT
  • $4,718,475
  • 6/16/26
  • C205187 CUMBERLAND
  • NCDOT
  • $15,507,761
  • 5/19/26
  • C205199 BRUNSWICK
  • NCDOT
  • $5,140,451
  • 5/19/26
  • Rockfish Elementary School Parking Improvements
  • Cumberland County
  • $1,248,889
  • 4/16/26
  • 44367.3.1 ROBESON C205036
  • NCDOT
  • $43,468,913
  • 2/17/26
  • 2026CPT.08.04.10531 LEE
  • NCDOT
  • $3,073,926
  • 1/20/26
Bidjudge
CASH FLOW
  • 2026CPT.08.04.10531 LEE
  • Wilmington
  • $2,430,216
  • 09/05/26
  • 120
  • 55.8%
  • $607,554
  • $1,073,345
  • 2026CPT.08.04.10531 LEE
  • NCDOT
  • $15,507,761
  • 07/18/26
  • 120
  • 96.7%
  • $3,876,940
  • $516,925
  • 2026CPT.08.04.10531 LEE
  • NCDOT
  • $5,140,451
  • 07/18/26
  • 120
  • 96.7%
  • $1,285,113
  • $171,348
  • 2026CPT.08.04.10531 LEE
  • NCDOT
  • $3,073,926
  • 03/21/26
  • 500
  • 47.0%
  • $184,436
  • $1,629,181
  • $5,954,043
  • $3,390,799
Bidjudge