- Ceccanti
- 2026
- 35
- 4
- 11.43%
- $102,847,894
- 4.45%
- 20.84%
- 8.07%
- $296,632,242

The **$24.9M** remaining backlog, led by **$22.9M** on the Interstate 5 Port Tacoma project, supports modest cash flow through steady but slow progress on long-duration contracts. Recent 2026 bidding yielded only 4 wins totaling **$102.8M** at a **13.3%** success rate, limiting near-term pipeline replenishment.
Medium-term Outlook (6-12 months)
Backlog burn will accelerate pressure on liquidity as the three active projects contribute minimal new revenue given their extended timelines. Sustaining operations will require lifting the win rate above the current **13.3%** to convert the **$222.5M** in 2026 bids into additional backlog.
Key Risk Period
The 9-12 month window presents the highest exposure once the **$22.9M** Tacoma project backlog is substantially drawn down, coinciding with the lowest historical success rate and potential gaps in new awards.
Recommendations
Target bidding discipline to restore success rates toward the prior **20%** level while shortening average project durations in the pipeline. Implement monthly backlog reviews tied to cash flow forecasting to maintain positive working capital.
- 67th Avenue West Phase 1 40th Street West Regence Boulevard West
- University Place
- $4,180,000
- 8/27/26
- 6224 Pacific Highway E Sidewalk Gap Completion
- Fife
- $450,000
- 8/24/26
- SR 510 Yelm Loop New Alignment Phase 2
- WSDOT
- $45,762,950
- 8/19/26
- 45th Ave SW Culvert Replacement Habitat Restoration
- Seattle
- $23,211,000
- 8/12/26
- I 90 EB 3 Miles E of North Bend Emergency Seeding Erosion Control Small Works Roster
- WSDOT
- $496,084
- 8/12/26
- Airport Station Area Pedestrian Improvement
- SeaTac
- $29,068,652
- 7/2/26
- I 90 Hansen Rd Overpass Emergency Bridge Replacement
- WSDOT
- $8,339,495
- 7/1/26
- Madrona Connection 337
- Lacey
- $3,136,080
- 6/17/26
- I 5 I 205 Concrete Panel Rehabilitation
- WSDOT
- $3,674,867
- 6/17/26
- I 5 N Martin Way E E Mounts Rd SW PCCP Replacement
- WSDOT
- $3,026,011
- 6/10/26
- 76th Avenue South Large Storm Pipe Maintenance
- Kent
- $2,591,110
- 6/9/26
- 122nd Avenue East 146th St Ct E 136th St E CRP 5763
- Pierce County
- $10,870,354
- 5/29/26
- 183rd Avenue SW Empire Street SW Sargent Road SW Phase 1
- Thurston County
- $2,614,000
- 5/21/26
- Lake Avenue K 3 Well Equipping
- Lakewood
- $2,308,136
- 5/13/26
- SR 508 0 3 Miles East Bergen Rd Engineered Log Jam
- WSDOT
- $2,103,168
- 5/6/26
- Runway reconstruction Pierce County Airport Thun Field
- Pierce County
- $7,440,437
- 4/29/26
- Rody Creek Channel Restoration 72nd Street East Pioneer Way East CIP D191
- Pierce County
- $1,776,278
- 4/29/26
- Hawks Prairie Reservoir Rehabilitation
- Lacey
- $6,497,585
- 4/28/26
- Fort Dent Levee 2020 Repair
- King County - WA
- $2,033,125
- 4/27/26
- Interstate 5 Port Tacoma Road Interchange Phase 2A
- Fife
- $49,005,553
- 4/10/26
- Soos Creek Hatchery Water Systems Improvements Part 3
- King County - WA
- $3,757,000
- 4/9/26
- Lift Station 6 Replacement
- Lacey
- $1,937,038
- 4/8/26
- I 90 EB Mercer Slough Bridge Rehab
- WSDOT
- $4,632,494
- 4/1/26
- Highlands Reservoir Water Main Improvements
- Renton
- $8,462,305
- 3/25/26
- Lund Ave Chase Rd Roundabout CRP 2629
- Kitsap County
- $2,302,202
- 3/17/26
- City Parking Lot Replacement
- Auburn
- $1,504,504
- 3/11/26
- UP School Crosswalk Improvements
- University Place
- $2,155,700
- 3/10/26
- Bethel Road SE Water Main Replacement
- West Sound Utility District
- $3,529,187
- 2/26/26
- Marshall Ave Improvements Water Main Replacement Program
- Enumclaw
- $1,146,202
- 2/25/26
- Custer Road Bridgeport 75th
- Lakewood
- $1,809,300
- 2/20/26
- Lund Harris Chase Corridor Improvements CRP 2583 2629
- Kitsap County
- $3,107,767
- 2/3/26
- Valley Plaza Water Main Replacement
- Fife
- $1,084,485
- 1/29/26
- 112th St SW Lake Louise School Sidewalk
- Lakewood
- $880,000
- 1/28/26
- Interstate 5 Port Tacoma Road Interchange Phase 2A
- Fife
- $50,656,473
- 1/27/26
- Safe Routes Schools 104th St E CRP 5939
- Pierce County
- $1,082,700
- 1/14/26

