- Condie Construction Co
- 2026
- 46
- 5
- 10.87%
- $6,625,573
- 15.43%
- 23.47%
- 11.72%
- $174,647,679

Current backlog of **$3.07M** across four active projects provides limited near-term revenue, with slow burn rates due to extended contract durations of 110-120 months. Recent bidding activity shows high volume but a low **10.9%** success rate in 2026, constraining immediate cash inflows.
Medium-term Outlook (6-12 months)
Backlog depletion will accelerate without improved win rates, as 2025's **6%** success rate yielded only **$4.28M** in awards despite **$208M** in bids. Sustained low conversion risks revenue gaps unless 2026 momentum converts more of the **$174M** bid pipeline.
Key Risk Period
The 6-12 month window presents the highest exposure, as long-duration projects wind down and historical success rates below **11%** fail to replenish backlog at scale.
Recommendations
Prioritize bid strategy reviews to lift success rates above **15%** and target shorter-duration projects for faster cash flow. Monitor monthly burn rates on the **$3.07M** backlog to align bidding volume with operational capacity.
- AM26 7 Church Hills Water Enhancement Pipeline Phase III 2026
- Utah Division Wildlife
- 8/5/26
- Suncrest Drive Transmission Line Improvements
- Draper
- 5/28/26
- 2040 E 400 N Roundabout
- Spanish Fork
- 5/21/26
- Pleasant Grove City 800 North Area Waterline Drainage Roadway Reconstruction
- Pleasant Grove
- 2/3/26
- Jensen Water Improvement District Redwash Road Improvements
- Jensen Water Improvement District
- 1/7/26
- AM26 7 Church Hills Water Enhancement Pipeline Phase III 2026
- Utah Division Wildlife
- $233,760
- 8/5/26
- Chief Toquer Pump Station
- Washington County
- $2,361,790
- 7/28/26
- NS26 160 Huntsville Town Water Transmission Line Replacement
- Huntsville UT
- $719,634
- 7/15/26
- NS26 148 Hinckley Town Sewer Lagoon Improvements Phase 1
- Hinckley
- $1,574,665
- 7/10/26
- La Verkin Pond Pipeline
- Washington County Water Conservancy District
- $13,262,594
- 6/30/26
- Gentile Street 2400 East 2600 East
- Layton
- $3,277,069
- 6/30/26
- Apple Street Water Line Replacement
- Grantsville
- $372,481
- 6/17/26
- 2026 2000 S Storm Drain
- Orem
- $997,554
- 6/11/26
- Birch Street Reconstruction
- Clearfield
- $2,328,110
- 6/11/26
- NS26 145 500 West Reservoir Abandonment New Waterline
- Pleasant View
- $1,051,219
- 6/3/26
- NS26 136 Ballard City 1000 South Connector
- Ballard
- $4,428,984
- 6/1/26
- Zion Canyon Fiber Optics Phase 2 US 89 SR 20 F-R499(541)
- UDOT
- $10,580,523
- 5/28/26
- Suncrest Drive Transmission Line Improvements
- Draper
- $1,154,599
- 5/28/26
- Northwest Drain 600 North 800 North
- Salt Lake
- $1,016,464
- 5/22/26
- 2040 E 400 N Roundabout
- Spanish Fork
- $1,330,690
- 5/21/26
- 3600 West Waterline Replacement 11800 S 12350 S
- Riverton
- $1,723,187
- 5/21/26
- 400 East 100 South Pages Lane F-1388(1)4
- UDOT
- $1,954,185
- 5/12/26
- Canyon Road Waterline Replacement
- Springfield
- $1,732,954
- 5/11/26
- Country Club Water Tank
- St George
- $4,339,614
- 4/28/26
- Verk Drive
- Spanish Fork
- $2,973,229
- 4/21/26
- 2026 Water Line
- Bountiful
- $1,806,588
- 4/21/26
- 1300 West 9000 South 7800 South F-2066(4)7
- UDOT
- $5,959,931
- 4/9/26
- 2026 SW Water
- Orem
- $5,148,234
- 4/8/26
- RDW25035 600 South Reconstruction
- Salt Lake
- $1,828,041
- 4/8/26
- Saratoga Road 145 North Widening
- Saratoga Springs
- $12,956,346
- 4/7/26
- 200 South 300 West Roundabout
- American Fork
- $1,739,822
- 3/30/26
- SR 18 St George Blvd Main St S-0018(68)0
- UDOT
- $21,842,182
- 3/26/26
- 2026 Sewer Replacement
- Orem
- $2,082,526
- 3/26/26
- FY2026 Road Rehabilitation 100West 100 N 700 N Utility Phase 1
- American Fork
- $2,353,946
- 3/19/26
- SR 132 Improvements MP 38 1 Nebo Loop Rd F-0132(32)38
- UDOT
- $4,534,658
- 3/12/26
- 4100 South Waterline Replacement 2200 West 1300 West
- Granger Hunter
- $2,088,566
- 3/10/26
- Stockton Town Soldier Canyon Water Line
- Stockton
- $227,762
- 3/5/26
- 2026 1700 S Utility
- Orem
- $3,614,962
- 3/5/26
- Miscellaneous Water Line Improvements
- Layton
- $994,336
- 2/19/26
- Provo Westside Sewer Outfall Lakeview Parkway Gravity Sewer 620 N Bulldog Lane
- Provo
- $4,666,152
- 2/18/26
- 100 North Water Sewer Reconstruction
- Vernal
- $4,823,417
- 2/17/26
- Salem East Pump Station PRV
- Salem
- $675,064
- 2/5/26
- GJ26 77 HHDWID District Waterline Replacement 2312 001
- Holiday Hills Domestic WID
- $747,088
- 2/5/26
- Pleasant Grove City 800 North Area Waterline Drainage Roadway Reconstruction
- Pleasant Grove
- $3,556,724
- 2/3/26
- 6000 W Road Widening Phase 1
- Herriman
- $3,974,318
- 1/22/26
- Springville 1600 S Phase 3 1200 W SR-51 F-I15-6(276)1
- UDOT
- $12,092,783
- 1/22/26
- Springville 1600 S Phase 3 1200 W SR-51 F-I15-6(276)1
- UDOT
- $12,092,783
- 1/22/26
- 25J 5400 West Waterline Replacement
- Granger Hunter
- $2,810,026
- 1/12/26
- Chimes View Riverdale Rd Country Club Dr F-3354(4)0
- UDOT
- $2,386,195
- 1/8/26
- Jensen Water Improvement District Redwash Road Improvements
- Jensen Water Improvement District
- $349,800
- 1/7/26
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $1,882,124
- 1/6/26
- AM26 7 Church Hills Water Enhancement Pipeline Phase III 2026
- Utah Division Wildlife
- $233,760
- 10/04/26
- 120
- 0%
- -
- $233,760
- Browns Park Road Improvements Phase 6 F-1364(7)0
- Draper
- $1,154,599
- 07/27/26
- 120
- 21.7%
- $288,650
- $904,436
- Browns Park Road Improvements Phase 6 F-1364(7)0
- Spanish Fork
- $1,330,690
- 07/20/26
- 120
- 27.5%
- $332,673
- $964,750
- Browns Park Road Improvements Phase 6 F-1364(7)0
- DFCM
- $1,656,000
- 12/11/24
- 1100
- 56.4%
- $45,164
- $722,618
- $666,487
- $2,825,564

