- Reece Construction Company
- 2026
- 4
- 4
- 100.00%
- $8,713,999
- 16.90%
- 0.00%
- 29.29%
- $8,713,999

Reece Construction enters the period with a **$6.4M** remaining backlog from four recently awarded 2026 projects totaling **$8.7M**. The 120-month durations on the Pavement Preservation and sewer interceptor contracts indicate slow burn rates that will generate steady but limited near-term cash inflows.
Medium-term Outlook (6-12 months)
The 2025 award volume of **$17.1M** at a 57% success rate provides a baseline for replenishment, yet the current **$6.4M** backlog offers minimal coverage beyond the next year. Continued 100% win rates on 2026 bids will be required to sustain operations through the second half of the outlook window.
Key Risk Period
The 120-month contract durations create an extended risk window beginning 12–18 months out, where cumulative cost escalation, retention releases, and slow progress billings could strain liquidity. Limited near-term backlog turnover heightens exposure if new awards slow.
Recommendations
Prioritize bidding shorter-duration projects to accelerate cash conversion and reduce reliance on long-term contracts. Implement monthly backlog burn tracking and maintain a minimum **$10M** annual award target to stabilize future periods.
- 2026 SWM Culvert Replacements
- Marysville
- $4,550,000
- 07/27/26
- 120
- 25.0%
- $1,137,500
- $3,412,500
- 2026 SWM Culvert Replacements
- Arlington
- $1,582,000
- 07/11/26
- 120
- 37.5%
- $395,500
- $988,750
- 2026 SWM Culvert Replacements
- Arlington
- $1,582,000
- 07/11/26
- 120
- 37.5%
- $395,500
- $988,750
- 2026 SWM Culvert Replacements
- Snohomish County
- $999,999
- 05/02/26
- 120
- 95.8%
- $250,000
- $41,667
- $2,178,500
- $5,431,667


