- Blythe Development Co - NC
- 2026
- 13
- 2
- 15.38%
- $21,567,458
- 7.05%
- 27.54%
- 8.24%
- $139,304,726
- Blythe Construction - SC
- 2026
- 28
- 9
- 32.14%
- $42,310,894
- 9.77%
- 11.87%
- 6.39%
- $212,391,549

Blythe Development faces immediate cash flow pressure from a critically low backlog of only **$260k** remaining on the **$7.8M** Mecklenburg project, despite bidding **$111M** in 2026. The **10%** success rate and 120-month duration provide minimal near-term revenue visibility. Accelerated completion of the remaining work is essential to sustain operations.
Medium-term Outlook (6-12 months)
Backlog depletion will intensify without improved win rates, as 2025-2026 bidding yielded just **$19.4M** in total awards against **$256M** pursued. Limited active projects constrain revenue stability through year-end. Targeted bid refinements could rebuild pipeline volume.
Key Risk Period
The post-2026 period presents the highest risk, with the current project nearing exhaustion and historical success rates of only **10-20%** failing to replenish backlog. Extended contract durations offer little offset to the **$260k** remaining balance.
Recommendations
Prioritize bid strategy adjustments to raise success rates above **20%** and pursue shorter-duration projects for faster cash conversion. Monitor monthly burn rates against the **$260k** backlog to avoid liquidity shortfalls.
- Morris Field Drive Bridge Replacement
- Charlotte
- $12,719,560
- 8/28/26
- C205195 Catawba
- NCDOT
- $13,758,419
- 8/18/26
- Kings Branch Arrowood Road Phase 2A Stream Restoration
- Mecklenburg County
- $1,727,651
- 5/13/26
- Reedy Creek Hood Road Stream Restoration
- Mecklenburg County
- $17,470,209
- 5/5/26
- Rea Road Widening I 485 Williams Pond Lane
- Charlotte
- $9,532,963
- 4/7/26
- C205013 Mecklenburg
- NCDOT
- $5,394,644
- 3/17/26
- Southmont Mass Grading
- Davidson County
- $20,192,124
- 2/19/26
- C205095 MECKLENBURG
- NCDOT
- $7,809,039
- 2/17/26
- C204936 ALAMANCE
- NCDOT
- $9,367,346
- 2/17/26
- Monroe Road Streetscape
- Charlotte
- $6,472,234
- 2/12/26
- McCullough Drive Extension
- Charlotte
- $8,729,394
- 2/6/26
- BP12.R002.3 CLEVELAND
- NCDOT
- $8,093,510
- 1/20/26
- 46891.3.1 CABARRUS
- NCDOT
- $18,037,633
- 1/20/26



