BidJudge.com - Projects
sgray@fnfinc.com
115 S. 48th St.
Tempe AZ
85281
480-784-2910
480-829-8607
Health Breakdown
Avg Left
-10
Success
50
Avg Avg
15
Year Proj
50
2 Year Prior Proj
-30
Qual Based
0
Cash Flow
-15
 
60%
60%
Health
Financial Health & Pipeline Brief
Analyzed On:  Aug 13, 2026
FNF Construction - AZ (Powered by Grok AI)
Near-term Outlook (next 3-6 months)
FNF maintains a robust **$370M** remaining backlog, with near-term cash flow supported by active projects such as Agua Fria Freeway (**$169.5M** remaining) and Gas Line Rd (**$99.2M** remaining). Recent bid wins in 2026, including Ehrenberg Phx Hwy (**$29.2M**), will sustain revenue recognition over the next several months at current burn rates.

Medium-term Outlook (6-12 months)
Backlog execution across the top five projects, totaling over **$300M** in remaining value, should drive steady cash inflows through mid-2027, bolstered by a 31.6% success rate on **$476M** in 2026 bids. Contract durations averaging 300-500 months indicate prolonged but predictable revenue streams from highway and freeway work.

Key Risk Period
The period following completion of 2025-2026 bid awards poses the highest risk, as multiple large projects with 240-450 month durations may exhaust remaining balances by late 2027 without new wins to replenish the **$370M** pipeline. Declining average left on low from 9.32% in 2026 versus prior years could pressure margins during this transition.

Recommendations
Prioritize bidding on high-volume AZDOT opportunities to maintain a minimum **$200M** annual low-bid target and diversify the backlog beyond the two largest projects. Implement monthly cash flow modeling tied to the **$369.8M** backlog to identify any acceleration needs on long-duration contracts.
 
JOBS LOW
  • Gateway Freeway (024-A-(201)T) (000-A-(201)T)
  • ADOT
  • 10/2/26
  • Benson Steins San Simon (010-F-(240)T)
  • ADOT
  • 8/21/26
  • Ehrenberg Phx Hwy Dome Rock (010-A (240)T)
  • ADOT
  • 7/10/26
  • Bagdad Hillside SR 96 (096-A-(200)T)
  • ADOT
  • 5/15/26
  • Kingman Wickenburg US 93 (093-B-(227)T)
  • ADOT
  • 5/8/26
  • Flagstaff Holbrook Hwy (040-D(250)T)
  • ADOT
  • 3/6/26
  • Kingman Ash Fork US93 (040-B-(234)T)
  • ADOT
  • 2/13/26
  • Agua Fria Freeway (101-A(218)T)
  • ADOT
  • 2/6/26
Bidjudge
JOBS BID
  • Gateway Freeway (024-A-(201)T) (000-A-(201)T)
  • ADOT
  • $267,876,760
  • 10/2/26
  • Madera Canyon Medium Wash Florida Wash Bridge Replacements
  • Pima County
  • $7,239,371
  • 9/3/26
  • Seed Farm Road Reconstruction
  • GRIC
  • $3,176,548
  • 8/26/26
  • Benson Steins San Simon (010-F-(240)T)
  • ADOT
  • $36,933,626
  • 8/21/26
  • Globe Lordsburg US 70 (070-A-(228)T)
  • ADOT
  • $10,338,425
  • 7/31/26
  • Holbrook Lupton I 40 (040-E-NFA) (230)T)
  • ADOT
  • $34,910,754
  • 7/17/26
  • Ehrenberg Phx Hwy Dome Rock (010-A (240)T)
  • ADOT
  • $29,165,817
  • 7/10/26
  • Colorado River Indian Tribes CRIR 60 Weir Bridge H035
  • Colorado River Tribes
  • $2,564,792
  • 6/2/26
  • Colorado River Indian Tribes CRIR 60 Weir Bridge H036
  • Colorado River Tribes
  • $2,514,901
  • 6/2/26
  • Bagdad Hillside SR 96 (096-A-(200)T)
  • ADOT
  • $9,480,448
  • 5/15/26
  • Kingman Wickenburg US 93 (093-B-(227)T)
  • ADOT
  • $9,631,964
  • 5/8/26
  • Wickenburg Kingman (093-B-(224)T)
  • ADOT
  • $6,178,609
  • 5/1/26
  • Holbrook Springerville (180-B-(211)T)
  • ADOT
  • $11,221,086
  • 4/24/26
  • Kingman Ash Fork Markham (040-B-(237)T)
  • ADOT
  • $19,822,633
  • 4/3/26
  • Flying Fortress Parkway Phase II Grand Canyon Rd Airway (REBID)
  • Kingman
  • $18,205,741
  • 3/24/26
  • Flagstaff Holbrook Hwy (040-D(250)T)
  • ADOT
  • $3,994,253
  • 3/6/26
  • Gila Bend Lukeville (085-A-(211)T)
  • ADOT
  • $12,662,959
  • 2/27/26
  • Payson Show Low Lion Springs (260-B(225)T)((226)S)
  • ADOT
  • $77,806,847
  • 2/20/26
  • Kingman Ash Fork US93 (040-B-(234)T)
  • ADOT
  • $8,125,968
  • 2/13/26
  • Yavapai Crookton Rd (YYV-0-(225)T)
  • ADOT
  • $2,566,142
  • 2/6/26
  • Agua Fria Freeway (101-A(218)T)
  • ADOT
  • $192,382,454
  • 2/6/26
  • Williams Grand Canyon (064-A-(208)T)
  • ADOT
  • $22,870,010
  • 1/30/26
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $1,770,622
  • 1/30/26
Bidjudge
CASH FLOW
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $36,933,626
  • 10/20/26
  • 500
  • 2.6%
  • $2,216,018
  • $35,973,352
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $29,165,817
  • 09/08/26
  • 270
  • 20.4%
  • $3,240,646
  • $23,224,632
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $9,480,448
  • 07/14/26
  • 450
  • 24.7%
  • $632,030
  • $7,141,937
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $9,631,964
  • 07/07/26
  • 300
  • 39.3%
  • $963,196
  • $5,843,391
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $3,994,253
  • 05/05/26
  • 300
  • 60.3%
  • $399,425
  • $1,584,387
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $8,125,968
  • 04/14/26
  • 240
  • 84.2%
  • $1,015,746
  • $1,286,612
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $192,382,454
  • 04/07/26
  • 1070
  • 19.5%
  • $5,393,901
  • $154,804,947
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $21,154,661
  • 01/13/26
  • 400
  • 73.3%
  • $1,586,600
  • $5,658,872
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $19,479,342
  • 01/06/26
  • 330
  • 90.9%
  • $1,770,849
  • $1,770,849
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $41,781,775
  • 11/04/25
  • 540
  • 67.2%
  • $2,321,210
  • $13,695,137
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $151,062,011
  • 10/14/25
  • 880
  • 43.6%
  • $5,149,841
  • $85,144,043
  • Wickenburg Phx (060-B-NFA) (060-A-NFA) (REBID)
  • ADOT
  • $48,750,981
  • 12/03/24
  • 800
  • 87.4%
  • $1,828,162
  • $6,154,811
  • $26,517,624
  • $610,159,730
Bidjudge