- Watson Civil Construction
- 2026
- 21
- 3
- 14.29%
- $93,028,855
- 7.30%
- 17.38%
- 7.59%
- $658,272,049

The **$78M** Reams Road project, bid in July 2026 with full backlog remaining, will drive initial cash inflows as mobilization begins alongside **$2.2M** remaining on the T7559 project. Combined with **$5.3M** on T7577, near-term revenue should stabilize at modest levels given the 11.1% success rate and limited new awards.
Medium-term Outlook (6-12 months)
The **$108M** total backlog, anchored by **$22.4M** remaining on the long-duration T1926 project, supports steady but slow burn rates through 2027. Bidding volume of **$628M** in 2026 with only **$87.5M** awarded indicates constrained growth unless win rates improve beyond the current 11.1%.
Key Risk Period
Extended contract durations exceeding 200 months on multiple projects create cash flow strain risks in the 12-24 month window, particularly if retainage or change orders delay collections on the **$78M** flagship job.
Recommendations
Prioritize bids with shorter durations and higher margins to accelerate backlog turnover; implement monthly cash flow forecasting tied to the **$108M** remaining to mitigate liquidity gaps.
- T1945 MANATEE
- FDOT
- $21,371,757
- 8/26/26
- T4764 INDIAN RIVER
- FDOT
- $3,013,053
- 8/26/26
- T5890 ORANGE
- FDOT
- $5,460,945
- 8/26/26
- Reams Road Improvement Project Summerlake Park Blvd Taborfield Ave
- Orange County - FL
- $78,096,000
- 7/23/26
- County Road 557 Widening
- Polk County
- $101,504,057
- 7/22/26
- T5888 LAKE
- FDOT
- $27,726,803
- 6/10/26
- T7610 PINELLAS
- FDOT
- $20,956,525
- 5/20/26
- Taxiway A West Extension
- Orlando Sanford Intl Airport
- $16,344,936
- 4/23/26
- T3845 BAY
- FDOT
- $87,515,415
- 3/31/26
- T1919 CHARLOTTE
- FDOT
- $8,332,150
- 3/25/26
- T1915 LEE
- FDOT
- $7,093,908
- 3/25/26
- Thompson Nursery Road Extension Phase 1 Segment 1
- Polk County
- $36,484,516
- 3/4/26
- T2A37 DUVAL
- FDOT
- $20,786,025
- 2/25/26
- SR 202 JTB SR 5 US 1 T2A56
- FDOT
- $13,805,236
- 1/28/26
- T7577 HERNANDO
- FDOT
- $9,471,910
- 1/28/26
- T2A54 DUVAL
- FDOT
- $6,564,509
- 1/28/26
- T1922 MANATEE
- FDOT
- $12,817,584
- 1/28/26
- T2A56 DUVAL
- FDOT
- $13,805,236
- 1/28/26
- E8V59 LAKE
- FDOT
- $151,857,531
- 1/27/26
- Roadway Infrastructure Improvements Kings Estate Road Hilltop Road Phase 1
- St. Johns County
- $4,734,879
- 1/14/26
- 20260066 Kings Highway Widening
- Charlotte County
- $10,529,074
- 1/14/26
- T5890 ORANGE
- FDOT
- $5,460,945
- 10/25/26
- 320
- 0%
- -
- $5,460,945
- Reams Road Improvement Project Summerlake Park Blvd Taborfield Ave
- Orange County - FL
- $78,096,000
- 09/21/26
- 120
- 0%
- -
- $78,096,000
- 20260066 Kings Highway Widening
- FDOT
- $9,471,910
- 03/29/26
- 310
- 55.5%
- $916,636
- $4,216,528
- 20260066 Kings Highway Widening
- FDOT
- $8,564,849
- 02/01/26
- 260
- 87.7%
- $988,252
- $1,054,135
- 20260066 Kings Highway Widening
- FDOT
- $42,887,838
- 07/27/25
- 800
- 52.1%
- $1,608,294
- $20,532,552
- $3,513,182
- $109,360,160



