- NA Degerstrom
- 2026
- 6
- 3
- 50.00%
- $8,528,168
- 6.15%
- 7.99%
- 9.82%
- $18,711,036

The **$3.12M** backlog from two 2026 low bids provides limited near-term revenue, with mobilization on the 35-month and 120-month projects likely creating initial cash outflows before progress billings ramp up. Zero wins in 2025 highlight ongoing challenges in converting bids to backlog.
Medium-term Outlook (6-12 months)
Execution of the **$3.12M** backlog will generate modest cash flow over the extended contract durations, but sustained operations require improved bidding success beyond the current 40% rate to replenish work. Long project timelines risk stretching working capital without new awards.
Key Risk Period
The 6-18 month window poses the highest risk due to slow backlog burn rates and historical inability to secure work, potentially leading to idle resources and negative cash flow if win rates do not improve.
Recommendations
Prioritize bids on shorter-duration projects to accelerate cash conversion and target a minimum **$10M** annual backlog target. Implement stricter pre-bid qualification to raise success rates above 40% while monitoring monthly burn against the existing **$3.12M**.
- I 90 Hansen Rd Overpass Emergency Bridge Replacement
- WSDOT
- $5,406,050
- 7/1/26
- I 90 Hansen Rd Overpass Emergency Existing Structure Removal
- WSDOT
- $1,807,823
- 5/20/26
- Bridge Deck Repair Bundle Greene Street Freya Street Freya Way Havana Street Bridges
- Spokane
- $3,386,775
- 4/6/26
- Chestnut St Bridge Scour Mitigation Latah Creek 1
- Spokane
- $1,314,295
- 4/1/26
- S Sullivan Rd Preservation
- Spokane Valley
- $4,621,096
- 2/13/26
- Fish Lake Tr Cent Tr Connection Phase 1 Thorpe Govt Way 1
- Spokane
- $2,174,997
- 1/13/26
- I 90 Hansen Rd Overpass Emergency Bridge Replacement
- WSDOT
- $5,406,050
- 08/30/26
- 120
- 0%
- -
- $5,406,050
- Fish Lake Tr Cent Tr Connection Phase 1 Thorpe Govt Way 1
- WSDOT
- $1,807,823
- 07/19/26
- 35
- 17.1%
- $1,549,563
- $1,497,910
- Fish Lake Tr Cent Tr Connection Phase 1 Thorpe Govt Way 1
- Spokane
- $1,314,295
- 05/31/26
- 120
- 45.8%
- $328,574
- $711,910
- $1,878,137
- $7,615,870


