- PCL Construction - AZ
- 2026
- 1
- 1
- 100.00%
- $4,000,000
- 0.00%
- 0.00%
- 0.00%
- $4,000,000

PCL's **$209M** in 2025 awards, including the **$130M** Avondale WRF and **$69M** 24th Street WTP projects, will drive positive cash flow during mobilization and early construction phases. The **$472M** backlog provides immediate revenue visibility from active water infrastructure work.
Medium-term Outlook (6-12 months)
Execution of the remaining **$472M** backlog, anchored by multiple CMAR water reclamation contracts, supports steady operations through mid-2026. Continued 100% bid success on large jobs positions the firm for sustained volume if new awards materialize.
Key Risk Period
Extended project durations combined with front-loaded 2025 awards create potential cash flow pressure 12+ months out if follow-on bids decline or retainage releases lag.
Recommendations
Monitor monthly cash draws on the **$209M** 2025 portfolio and accelerate pursuit of additional JOC/task-order work to replenish backlog ahead of major completion milestones.
- (JOC) Water Facilities General Construction
- Phoenix
- $4,000,000
- 09/11/26
- 1700
- 0%
- -
- $4,000,000
- (JOC) Water Facilities General Construction
- Phoenix
- $69,000,000
- 12/14/25
- 1100
- 21.6%
- $1,881,818
- $54,070,909
- (JOC) Water Facilities General Construction
- Avondale
- $130,000,000
- 06/01/25
- 1100
- 39.5%
- $3,545,455
- $78,709,091
- (JOC) Water Facilities General Construction
- Surprise
- $10,000,000
- 03/11/25
- 1800
- 28.7%
- $166,667
- $7,133,333
- (JOC) Water Facilities General Construction
- Buckeye
- $2,000,000
- 09/21/24
- 730
- 94.2%
- $82,192
- $115,068
- $5,676,132
- $144,028,401


