- Las Vegas Paving Corp.
- 2026
- 36
- 15
- 41.67%
- $240,852,405
- 7.70%
- 50.76%
- 19.75%
- $409,249,875

Las Vegas Paving Corp. holds **$289M** in remaining backlog, with multiple 2026-awarded projects such as the **$29.4M** and **$21M** contracts fully intact and shorter-duration work like the **$8.1M** SI-095 project positioned to generate steady cash inflows. Recent bid volume and a **45.5%** success rate support continued burn rates on active jobs without immediate liquidity pressure.
Medium-term Outlook (6-12 months)
Backlog drawdown will accelerate on 2025 projects including the **$49.5M** Interstate 215 and **$32M** LAS contracts, which retain **$23M** and **$1.6M** respectively, while newer awards offset depletion. Overall revenue recognition should remain positive provided execution stays on the current **$289M** portfolio.
Key Risk Period
The 12-18 month window presents elevated risk as long-duration contracts (many exceeding 300 months) slow cash conversion and the declining win rate from **55.6%** in 2024 to **45.5%** in 2026 reduces replenishment velocity.
Recommendations
Prioritize aggressive bidding on high-volume NV opportunities to rebuild annual low-bid totals above **$400M** and implement monthly backlog burn reviews to protect working capital on extended projects.
- Pebble Road Las Vegas Boulevard Eastern Avenue 608027-26 Stbg-0003-(370)
- Clark County
- 10/20/26
- US95N Coldmill Dense Grade Open Grade Lee Canyon To Indian Springs 4567 STBG-NHPP-095-2-(340)
- NDOT
- 10/15/26
- 608026-26 (Federal Project No STBG-0003-(371)-Desert Inn Road-1250 WO Cimarron Road Bronco Street)
- Clark County
- 10/14/26
- Legacy Trail Undercrossing Sr 159 608038-26 Cm-0003-(369)
- Clark County
- 10/6/26
- Sewer Rehabilitation Group L Sahara Durango Charleston
- Las Vegas
- 9/15/26
- Residential Streets Pavement Reconstruction 108
- Clark County
- 9/9/26
- 4562 SI-095-2-(349) SI-0373-(341)
- NDOT
- 7/23/26
- Blue Diamond Wash Railroad Channel
- Clark County
- 7/8/26
- 4554 STBG-NHPP-095-2-(342)
- NDOT
- 6/25/26
- BTC North Driveway Improvements
- Regional Transportation Commission
- 4/29/26
- Hollywood Boulevard Roadway Improvements
- Clark County
- 4/27/26
- Carnegie Street Improvements Green Valley Pkwy Paseo Verde Pkwy
- Henderson
- 3/31/26
- Roadway Pavement Repair Airport Connector Tunnels
- Clark County Department Aviation
- 3/10/26
- Carey Ave Pecos Rd Nellis Blvd
- Clark County
- 2/24/26
- 4522 READV SI 095 1 342 MS 159 0 003
- NDOT
- 1/29/26
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- 1/21/26
- Pebble Road Las Vegas Boulevard Eastern Avenue 608027-26 Stbg-0003-(370)
- Clark County
- $9,045,000
- 10/20/26
- US95N Coldmill Dense Grade Open Grade Lee Canyon To Indian Springs 4567 STBG-NHPP-095-2-(340)
- NDOT
- $26,245,000
- 10/15/26
- 608026-26 (Federal Project No STBG-0003-(371)-Desert Inn Road-1250 WO Cimarron Road Bronco Street)
- Clark County
- $4,070,000
- 10/14/26
- US93N Business SR173 Coldmill Dense Grade Open Grade Veterans To Railroad Pass 4566 STBG-NHPP-0032-
- NDOT
- $9,400,000
- 10/8/26
- Las Vegas Wash Flamingo Wash Maintenance Access Improvements 608011-26
- Clark County
- $515,000
- 10/7/26
- Legacy Trail Undercrossing Sr 159 608038-26 Cm-0003-(369)
- Clark County
- $2,749,000
- 10/6/26
- Sloan Rd Decatur Blvd Las Vegas Blvd
- Clark County
- $1,279,000
- 9/15/26
- Sewer Rehabilitation Group L Sahara Durango Charleston
- Las Vegas
- $6,522,105
- 9/15/26
- Residential Streets Pavement Reconstruction 108
- Clark County
- $25,110,000
- 9/9/26
- Neighborhood Sidewalk Replacement Grinding Service
- North Las Vegas
- $813,621
- 9/9/26
- Durango Drive Rehabilitation Russell Road Tropicana Boulevard Fort Apache Tompkins Intersection Imp
- Clark County
- $4,843,000
- 9/3/26
- Nellis Industrial Park Interceptor Sewer
- North Las Vegas
- $7,554,211
- 8/26/26
- South Boulevard 2745 Zone Reservoir Inlet Outlet Pipeline
- Las Vegas VWD
- $26,353,890
- 8/25/26
- Via Nobila Trail Bridge
- Henderson
- $1,999,490
- 8/20/26
- Cadiz Storm Drain Pueblo Racetrack
- Henderson
- $8,791,000
- 8/20/26
- Spring Mountain Youth Camp Concrete Walkway Replacement
- Clark County
- $509,000
- 7/28/26
- 4562 SI-095-2-(349) SI-0373-(341)
- NDOT
- $8,100,000
- 7/23/26
- Blue Diamond Wash Railroad Channel
- Clark County
- $21,045,000
- 7/8/26
- 4554 STBG-NHPP-095-2-(342)
- NDOT
- $29,430,000
- 6/25/26
- 215 Northern Beltway Trail Segment 1 N Decatur Boulevard Clayton Street
- North Las Vegas
- $8,580,000
- 6/10/26
- Bob Ruud Mem Hwy Bell Vista Ave
- NDOT
- $21,539,000
- 6/10/26
- Spring Mountain Rd Phase 2 Rainbow Blvd Decatur Blvd
- Clark County
- $6,150,000
- 6/8/26
- Meadows Charleston Storm Drain Via Olivero
- Las Vegas
- $15,130,258
- 5/27/26
- Orchard Collector Charleston Blvd Linden Ave
- Clark County
- $9,970,000
- 5/6/26
- BTC North Driveway Improvements
- Regional Transportation Commission
- $236,300
- 4/29/26
- Hollywood Boulevard Roadway Improvements
- Clark County
- $8,835,000
- 4/27/26
- Iron Mountain Road Bradley Road Thom Blvd
- Las Vegas
- $16,595,000
- 4/27/26
- Blue Diamond Wash Trail Durango Dr Hualapai
- Clark County
- $3,422,000
- 4/22/26
- Adams Boulevard Rehabilitation
- Boulder City
- $1,663,000
- 4/16/26
- 4539 STBG-0595-(340)
- NDOT
- $20,340,000
- 4/16/26
- Carnegie Street Improvements Green Valley Pkwy Paseo Verde Pkwy
- Henderson
- $4,970,000
- 3/31/26
- Sunset Road Phase 1 Durango Drive Decatur Blvd
- Clark County
- $2,400,000
- 3/23/26
- Roadway Pavement Repair Airport Connector Tunnels
- Clark County Department Aviation
- $8,540,000
- 3/10/26
- Carey Ave Pecos Rd Nellis Blvd
- Clark County
- $5,500,000
- 2/24/26
- Tarkanian Way Paving
- UNLV
- $550,000
- 2/5/26
- 4522 READV SI 095 1 342 MS 159 0 003
- NDOT
- $16,000,000
- 1/29/26
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $73,500,000
- 1/21/26
- Pebble Road Las Vegas Boulevard Eastern Avenue 608027-26 Stbg-0003-(370)
- Clark County
- $9,045,000
- 12/19/26
- 120
- 0%
- -
- $9,045,000
- US95N Coldmill Dense Grade Open Grade Lee Canyon To Indian Springs 4567 STBG-NHPP-095-2-(340)
- NDOT
- $26,245,000
- 12/14/26
- 250
- 0%
- -
- $26,245,000
- 608026-26 (Federal Project No STBG-0003-(371)-Desert Inn Road-1250 WO Cimarron Road Bronco Street)
- Clark County
- $4,070,000
- 12/13/26
- 120
- 0%
- -
- $4,070,000
- Legacy Trail Undercrossing Sr 159 608038-26 Cm-0003-(369)
- Clark County
- $2,749,000
- 12/05/26
- 0
- 0%
- -
- $2,749,000
- Sewer Rehabilitation Group L Sahara Durango Charleston
- Las Vegas
- $6,522,105
- 11/14/26
- 120
- 0%
- -
- $6,522,105
- Residential Streets Pavement Reconstruction 108
- Clark County
- $25,110,000
- 11/08/26
- 120
- 0%
- -
- $25,110,000
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- NDOT
- $8,100,000
- 09/21/26
- 120
- 25.0%
- $2,025,000
- $6,075,000
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $21,045,000
- 09/06/26
- 365
- 12.3%
- $1,729,726
- $18,450,411
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- NDOT
- $29,430,000
- 08/24/26
- 120
- 48.3%
- $7,357,500
- $15,205,500
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Regional Transportation Commission
- $236,300
- 06/28/26
- 120
- 95.8%
- $59,075
- $9,846
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $8,835,000
- 06/26/26
- 210
- 55.7%
- $1,262,143
- $3,912,643
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Henderson
- $4,970,000
- 05/30/26
- 270
- 53.3%
- $552,222
- $2,319,333
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County Department Aviation
- $8,540,000
- 05/09/26
- 180
- 91.7%
- $1,423,333
- $711,667
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $5,500,000
- 04/25/26
- 180
- 99.4%
- $916,667
- $30,556
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $73,500,000
- 03/22/26
- 540
- 39.4%
- $4,083,333
- $44,508,333
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Henderson
- $19,521,048
- 01/19/26
- 365
- 75.3%
- $1,604,470
- $4,813,409
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Las Vegas
- $22,450,000
- 12/22/25
- 730
- 41.5%
- $922,603
- $13,131,712
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $22,150,000
- 12/01/25
- 450
- 72.0%
- $1,476,667
- $6,202,000
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Las Vegas
- $3,324,170
- 11/03/25
- 365
- 96.4%
- $273,219
- $118,395
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Clark County
- $49,500,000
- 07/19/25
- 730
- 62.9%
- $2,034,247
- $18,376,027
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Las Vegas VWD
- $22,892,709
- 06/07/25
- 1100
- 45.5%
- $624,347
- $12,466,121
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Henderson
- $145,000,000
- 02/10/25
- 720
- 86.0%
- $6,041,667
- $20,340,278
- West Bruce Woodbury Beltway Charleston Blvd Far Hills Ave
- Las Vegas VWD
- $110,000,000
- 07/30/21
- 3000
- 63.7%
- $1,100,000
- $39,966,667
- $33,486,219
- $280,379,003

