- JT Russell & Sons
- 2026
- 8
- 3
- 37.50%
- $14,494,852
- 5.05%
- 30.88%
- 12.96%
- $54,373,068

With total remaining backlog of only **$614,996** across three projects, cash flow will remain limited despite the 120-month durations. The contractor's 37.5% success rate on **$54.4M** in 2026 bids provides some pipeline visibility but insufficient near-term volume to offset the thin backlog.
Medium-term Outlook (6-12 months)
Bidding activity at **$57.5M** in 2025 and **$54.4M** in 2026 with consistent 37.5% win rates positions the firm to replenish work if conversion improves. However, the current **$615k** backlog offers minimal buffer for sustained operations beyond the immediate term.
Key Risk Period
The 6-12 month window represents the primary risk as the low **$614,996** backlog depletes without accelerated wins, potentially creating cash flow gaps given the long project durations and modest remaining values.
Recommendations
Prioritize higher-volume bidding and margin optimization on low bids to rebuild backlog above **$5M**. Monitor win rates closely and consider strategic partnerships to stabilize revenue through 2027.
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