- Panhandle Grading & Paving
- 2026
- 19
- 7
- 36.84%
- $35,050,035
- 7.35%
- 10.50%
- 13.95%
- $91,570,654

The **$19.8M** remaining backlog, concentrated in projects such as Taxiway A Rehabilitation (**$9.8M**) and Hollice T Williams Stormwater Park (**$5.1M**), supports steady near-term revenue from active execution. Recent bid success rate of 38.9% on **$75.5M** total volume provides momentum for ongoing work.
Medium-term Outlook (6-12 months)
Awarded volume of **$35M** in 2026, up from a 28.6% success rate in 2025, positions the firm to replenish backlog if bidding activity scales. However, the modest current pipeline requires consistent wins to sustain operations through year-end.
Key Risk Period
Beyond 12 months represents the primary risk window, as the **$19.8M** backlog could deplete without accelerated awards, especially given lower 2026 bid volume versus **$120.2M** in 2025 and extended 120-month durations that may pressure cash flow.
Recommendations
Increase bid submissions on larger FLDOT and municipal projects to target backlog above **$50M**. Tighten margin tracking on the 7.35% average left on low and prioritize progress billing on long-duration contracts to stabilize liquidity.
- CR 182 Widening Resurfacing LAP
- Santa Rosa County
- 7/23/26
- 26 041 W Wright Street Sidewalk Improvements
- Pensacola
- 7/7/26
- 26 036 Taxiway A South Rehabilitation Pensacola International Airport
- Pensacola
- 6/11/26
- Peter Prince Field West Apron Rehabilitation
- Santa Rosa County
- 5/15/26
- Perdido Landfill Northeast Pond Improvements
- Escambia County
- 4/6/26
- Oriole Beach Boat Ramp Improvements
- Santa Rosa County
- 3/23/26
- 26 020 Hollice T Williams Stormwater Park
- Pensacola
- 3/17/26
- 26 046 Hollice T Williams Stormwater Park
- Pensacola
- $16,074,747
- 8/10/26
- CR 182 Widening Resurfacing LAP
- Santa Rosa County
- $3,434,569
- 7/23/26
- West Highway 4 Resurfacing Roadway Improvements
- Escambia County
- $5,500,053
- 7/16/26
- CDBG DR Olive Road Street Improvement Phase I Construction HS005
- Escambia County
- $11,613,027
- 7/13/26
- 26 041 W Wright Street Sidewalk Improvements
- Pensacola
- $203,524
- 7/7/26
- Monroe Ave Drainage Improvements CDBG DR HS005
- Escambia County
- $659,680
- 7/2/26
- 26 040 17th Avenue Sidewalk Improvements
- Pensacola
- $145,993
- 6/23/26
- 26 036 Taxiway A South Rehabilitation Pensacola International Airport
- Pensacola
- $9,998,752
- 6/11/26
- T3992 SANTA ROSA
- FDOT
- $1,772,299
- 5/20/26
- 26 031 Terminal Apron Expansion Pensacola International Airport
- Pensacola
- $8,432,189
- 5/20/26
- Peter Prince Field West Apron Rehabilitation
- Santa Rosa County
- $1,042,589
- 5/15/26
- Perdido Landfill Northeast Pond Improvements
- Escambia County
- $281,564
- 4/6/26
- Gateway Logistics Center County Earthwork Package
- Santa Rosa County
- $1,737,032
- 3/30/26
- Oriole Beach Boat Ramp Improvements
- Santa Rosa County
- $896,597
- 3/23/26
- 26 020 Hollice T Williams Stormwater Park
- Pensacola
- $19,192,440
- 3/17/26
- Laredo Street Sidewalks
- Santa Rosa County
- $524,942
- 3/9/26
- 26 007 Legion Field Global Learning Academy Sidewalk Connection
- Pensacola
- $1,288,259
- 1/30/26
- Giddens Road Turn Lane
- Santa Rosa County
- $244,799
- 1/15/26
- Resurfacing County Roads 2026
- Escambia County
- $8,527,599
- 1/7/26
- CR 182 Widening Resurfacing LAP
- Santa Rosa County
- $3,434,569
- 09/21/26
- 120
- 0%
- -
- $3,434,569
- 26 041 W Wright Street Sidewalk Improvements
- Pensacola
- $203,524
- 09/05/26
- 120
- 0%
- -
- $203,524
- Resurfacing County Roads 2026
- Pensacola
- $9,998,752
- 08/10/26
- 120
- 8.3%
- $2,499,688
- $9,165,523
- Resurfacing County Roads 2026
- Santa Rosa County
- $1,042,589
- 07/14/26
- 120
- 31.7%
- $260,647
- $712,436
- Resurfacing County Roads 2026
- Escambia County
- $281,564
- 06/05/26
- 120
- 63.3%
- $70,391
- $103,240
- Resurfacing County Roads 2026
- Santa Rosa County
- $896,597
- 05/22/26
- 120
- 75.0%
- $224,149
- $224,149
- Resurfacing County Roads 2026
- Pensacola
- $19,192,440
- 05/16/26
- 120
- 80.0%
- $4,798,110
- $3,838,488
- $7,852,985
- $17,681,929

