- MMC Southwest Nevada
- 2026
- 3
- 1
- 33.33%
- $3,476,743
- 28.19%
- 1.78%
- 1.81%
- $26,145,761

Current cash flow remains constrained by the **$7.7M** total remaining backlog, with only **$173,837** expected from the most recent **$3.5M** project. Long contract durations will limit near-term revenue recognition despite active work on the three projects.
Medium-term Outlook (6-12 months)
Execution of the **$18.8M** and **$47.7M** projects will drive the majority of cash inflows, yet the sharp drop in win rate to 25-33% signals difficulty replenishing backlog. Bidding volume has also declined materially from 2024 levels.
Key Risk Period
The 6-12 month window presents elevated risk as current backlog depletes without sufficient new awards, given the 2025-2026 success rates below 35% and minimal **$7.7M** carryover.
Recommendations
Increase bid submissions and target higher-probability opportunities to restore backlog above **$50M**. Monitor burn rates closely on long-duration contracts to preserve liquidity.
- Las Vegas Blvd Pedestrian Bridge Repairs Refurb Lighting
- North Las Vegas
- $18,840,727
- 06/14/25
- 545
- 80.4%
- $1,037,104
- $3,699,005
- Las Vegas Blvd Pedestrian Bridge Repairs Refurb Lighting
- Clark County Water Reclamation
- $47,658,757
- 10/01/24
- 730
- 95.2%
- $1,958,579
- $2,285,009
- $2,995,683
- $5,984,014

