- VSS International - CA
- 2026
- 75
- 20
- 26.67%
- $46,765,583
- 4.73%
- 10.73%
- 4.59%
- $134,866,309
- VSS International - AZ
- 2026
- 10
- 2
- 20.00%
- $3,635,240
- 17.11%
- 22.27%
- 9.30%
- $28,345,491
- VSS International - NV
- 2026
- 2
- 0
- 0.00%
- $0
- 0.00%
- 13.77%
- 9.28%
- $3,411,817
- VSS International - TX
- 2026
- 2
- 1
- 50.00%
- $1,190,120
- 0.00%
- 12.84%
- 5.81%
- $10,180,240
- VSS International - WA
- 2026
- 5
- 1
- 20.00%
- $674,325
- 0.00%
- 8.33%
- 3.73%
- $2,667,625
- VSS International - OR
- 2026
- 12
- 5
- 41.67%
- $2,549,475
- 6.41%
- 8.22%
- 1.78%
- $6,189,660

Recent 2026 awards have built a **$17.2M** remaining backlog, with multiple high-value projects such as the **$4.7M** and **$4.3M** contracts still retaining over 75% of their value. This supports steady monthly billings and positive cash flow as work ramps up on the 2026 pavement preservation jobs. Success rates near 28% indicate reliable pipeline conversion to offset any early-stage mobilization costs.
Medium-term Outlook (6-12 months)
Annual low-bid volume of **$45-50M** at 24-29% success rates should sustain operations if bidding activity holds at 70-90 jobs per year. Depletion of shorter-duration projects like the **$7.4M** and **$4.3M** contracts will begin reducing backlog, requiring consistent wins to maintain revenue. Cash flow remains manageable given the extended 80-120 month durations on most active work.
Key Risk Period
The 9-15 month window poses the greatest exposure as several 2026 projects with **$1-3M** remaining balances near completion while older contracts like the 2023 Riverside County job continue slow burn. Any drop in success rate below 25% or delays in owner payments could create working-capital gaps before new backlog replenishes.
Recommendations
Prioritize aggressive pursuit of high-volume slurry and resurfacing bids to target **$40M+** in annual awards. Implement monthly backlog reviews tied to the **$17.2M** current total and accelerate retainage collections on near-complete projects to protect liquidity.
- Pavement Preservation 24 25 CP2002
- Porterville
- 7/15/26
- 2025 Resurfacing
- Yuba City
- 7/8/26
- Urban Pavement Preservation Phase I
- Stanislaus County
- 7/1/26
- FY 26 27 Pavement Resurfacing Treatment Single Double Fiberized Slurry
- Hanford
- 6/9/26
- Giant Road Pavement Rehabilitation
- San Pablo
- 6/4/26
- 2026 Pavement Preservation
- San Mateo County
- 6/4/26
- 04-2X7704 San Mateo County Woodside From La Honda Creek Bridge 1.0 Mile North Friars Lane
- Caltrans
- 5/27/26
- 2026 Pavement Preservation
- Yolo County
- 5/14/26
- Scotts Valley Dr Mt Hermon Rd Improvements
- Scotts Valley
- 4/28/26
- Public Works Measure O 2026 Road Maintenance Surface Management Multiple Locations
- Humboldt County
- 4/14/26
- 11-2N2764 San Diego County Near Boulevard From 0.2 Mile East Mccain Valley Road Undercrossing 0.9 M
- Caltrans
- 4/8/26
- 02-2K2304 Trinity County Near Hayfork From Junction Route 36 1.2 Miles South Morgan Hill Road
- Caltrans
- 4/2/26
- 2026 Pavement Maintenance Slurry Seal Pavement Resurfacing
- Elk Grove
- 4/2/26
- Citywide Street Repair Phase 4 Micro Surfacing Slurry Seal
- Marina
- 3/24/26
- Rubberized Cape Seal 2026
- Clovis
- 3/17/26
- FY 25 26 Cape Seal
- Visalia
- 2/26/26
- Annual Street Sealing 2021 2024
- San Leandro
- 2/19/26
- Slurry Seal Local Roads 2026
- San Joaquin County
- 2/19/26
- 2026 Street Slurry
- Menlo Park
- 2/18/26
- CA NP MULTI PMS 1 Pavement Preservation Yosemite Devils Postpile
- Department Interior
- 1/29/26
- Sierra West Pavement Treatments
- Amador County
- $247,120
- 8/13/26
- 2026 Annual Micro Surfacing
- Lathrop
- $799,671
- 8/11/26
- 2026 Road Sealant Phase 3
- Marin County
- $1,591,211
- 8/10/26
- Homestead Rd Slurry Seal 2026 B
- Silverdale
- $1,160,120
- 8/5/26
- 2026 Annual Pavement Rehabilitation
- Novato
- $1,440,325
- 7/21/26
- Pavement Preservation 24 25 CP2002
- Porterville
- $989,120
- 7/15/26
- CIP 333B FY 2025 26 Street Repair Resurfacing
- Oakley
- $2,094,120
- 7/9/26
- 2025 Resurfacing
- Yuba City
- $1,294,210
- 7/8/26
- Urban Pavement Preservation Phase I
- Stanislaus County
- $1,847,120
- 7/1/26
- Cape Seal 2026
- Redding
- $1,792,120
- 6/30/26
- CIP T 3 Citywide Slurry Seal No 2602
- Sonoma County
- $316,211
- 6/30/26
- 2026 Crack Seal Slurry Seal
- Atherton
- $294,211
- 6/25/26
- Airport Runway 16 34 Rehabilitation
- Yolo County
- $839,211
- 6/9/26
- 08-1R6704 San Bernardino County At Johnson Valley Lucerne Valley From Valley Vista Road 0.6 Mile S
- Caltrans
- $2,894,120
- 6/9/26
- FY 26 27 Pavement Resurfacing Treatment Single Double Fiberized Slurry
- Hanford
- $933,120
- 6/9/26
- Giant Road Pavement Rehabilitation
- San Pablo
- $626,211
- 6/4/26
- 2026 Pavement Preservation
- San Mateo County
- $2,020,120
- 6/4/26
- Local Street Resurfacing Program Fiscal Year 2025 26 SB1 Cape Seal
- Stockton
- $928,325
- 5/28/26
- 08-1R6904 Riverside County Palm Springs From Gateway Drive Route 10/111 Separation
- Caltrans
- $3,220,120
- 5/28/26
- 04-2X7704 San Mateo County Woodside From La Honda Creek Bridge 1.0 Mile North Friars Lane
- Caltrans
- $1,696,120
- 5/27/26
- 02-1K1104 Plumas County From Butte County LINE 2.5 Miles West Chipps Creek Bridge
- Caltrans
- $2,392,325
- 5/27/26
- 2026 Roadway Surface Treatments
- Placer County
- $1,494,211
- 5/26/26
- Carlson Drive Rehabilitation
- Sacramento
- $580,211
- 5/20/26
- 2026 Pavement Preservation
- Yolo County
- $4,655,120
- 5/14/26
- 04-2X7804 Napa County From 0.6 Mile East Soda Creek Bridge Napa County LINE
- Caltrans
- $2,443,325
- 5/13/26
- Citywide Surface Treatment Package 4A 2
- San Mateo
- $1,554,325
- 5/12/26
- 2026 Cape Sealing
- South Lake Tahoe
- $822,211
- 5/12/26
- 08-1R6604 San Bernardino County From 1.7 Miles East Iron Mountain Pump Plant Road 1.2 Miles West Ri
- Caltrans
- $1,663,120
- 5/12/26
- Chip Seal 2026
- San Joaquin County
- $2,587,211
- 5/7/26
- Slurry Seal
- Livermore
- $2,880,120
- 5/5/26
- 11-2N2584 San Diego County Near Ocotillo Wells From 3.2 Miles East Yaqui Pass Road Imperial County
- Caltrans
- $2,777,120
- 5/5/26
- 09-427404 Inyo County Bishop At Wye Road
- Caltrans
- $1,771,211
- 5/5/26
- 05-1S6304 San Luis Obispo County Near Cambria From Route 1 3.5 Miles West Old Creek Road
- Caltrans
- $2,694,120
- 4/29/26
- Ventura Ave Resurfacing Seal Restriping
- Chowchilla
- $392,325
- 4/28/26
- Scotts Valley Dr Mt Hermon Rd Improvements
- Scotts Valley
- $1,536,211
- 4/28/26
- 2026 Slurry Seal
- Mammoth Lakes
- $375,182
- 4/25/26
- 01-0P5404 Humboldt County Miranda At French Road Undercrossing From Salmon Creek Bridge Myers Flat
- Caltrans
- $1,211,325
- 4/23/26
- Resurfacing Phase 3
- Coalinga
- $336,211
- 4/22/26
- 2026 Slurry Seal
- Patterson
- $494,120
- 4/22/26
- 09-402704 Mono County At Coleville From 1.3 Miles South Mill Canyon Road The Nevada State Line
- Caltrans
- $3,220,120
- 4/16/26
- 2026 Chip Seal
- Twentynine Palms
- $346,211
- 4/16/26
- Public Works Measure O 2026 Road Maintenance Surface Management Multiple Locations
- Humboldt County
- $1,488,120
- 4/14/26
- 2026 Street Surface Seal
- South San Francisco
- $2,778,120
- 4/14/26
- 2026 Road Rehabilitation
- Nevada County
- $2,360,120
- 4/9/26
- 01-0P5804 Humboldt County Willow Creek From 0.2 Mile West Willow Creek Bridge 4.1 Miles East Elemen
- Caltrans
- $1,337,325
- 4/9/26
- Slurry Seal Arterial Collector Roads 2026
- San Joaquin County
- $1,828,325
- 4/9/26
- 11-2N2764 San Diego County Near Boulevard From 0.2 Mile East Mccain Valley Road Undercrossing 0.9 M
- Caltrans
- $2,294,325
- 4/8/26
- 11-2N2754 Imperial County Near Calipatria From 0.1 Mile South Albright Road 0.5 Mile North Blair Ro
- Caltrans
- $1,292,325
- 4/7/26
- 05-1S6004 Santa Barbara County San Luis Obispo County From 0.4 Mile North Betteravia Road Overcross
- Caltrans
- $2,060,120
- 4/2/26
- 2026 Pavement Maintenance Phase 2
- Cupertino
- $2,616,211
- 4/2/26
- 02-2K2304 Trinity County Near Hayfork From Junction Route 36 1.2 Miles South Morgan Hill Road
- Caltrans
- $1,283,325
- 4/2/26
- 2026 Pavement Maintenance Slurry Seal Pavement Resurfacing
- Elk Grove
- $4,330,120
- 4/2/26
- Tulelake Cedarville Municipal Airport Crack Seal Slurry Seal Airfield Pavements
- Modoc County
- $872,376
- 3/31/26
- Citywide Street Repair Phase 4 Micro Surfacing Slurry Seal
- Marina
- $2,030,120
- 3/24/26
- Rubberized Cape Seal 2026
- Clovis
- $1,862,120
- 3/17/26
- IFB CSA Road Surface Repair
- San Benito County
- $809,211
- 3/11/26
- 05-1S6204 San Benito County Hollister From 0.2 Mile North Sunset Drive 0.3 Mile North San Felipe R
- Caltrans
- $1,470,120
- 3/4/26
- 02-2K2204 Trinity County Near Mad River From Trinity County Line 4.1 Miles East South Fork Mountain
- Caltrans
- $2,178,325
- 3/3/26
- FY 25 26 Cape Seal
- Visalia
- $1,573,325
- 2/26/26
- 06-1J0104 Tulare County Woodlake From Cypress Avenue North Route 198
- Caltrans
- $1,194,211
- 2/26/26
- Annual Street Sealing 2021 2024
- San Leandro
- $7,368,120
- 2/19/26
- Slurry Seal Local Roads 2026
- San Joaquin County
- $1,743,325
- 2/19/26
- 03-3G7704 Glenn County Near Butte City From 0.1 Mile East Mcdougal Street Glenn County Line
- Caltrans
- $1,736,120
- 2/19/26
- 2026 Street Slurry
- Menlo Park
- $1,307,211
- 2/18/26
- 2026 Road Rehabilitation
- Woodside
- $395,869
- 2/18/26
- 2025 2026 Road Maintenance
- Auburn
- $900,211
- 2/17/26
- G Street Bike Pedestrian Improvements
- Oakdale
- $806,211
- 2/12/26
- 2025 26 Pavement Slurry Seal
- Danville
- $1,806,325
- 2/12/26
- Slurry Seal 8
- Oakdale
- $573,211
- 2/12/26
- FY 2026 27 Pavement Resurfacing
- Pacifica
- $1,517,325
- 2/4/26
- CA NP MULTI PMS 1 Pavement Preservation Yosemite Devils Postpile
- Department Interior
- $5,888,120
- 1/29/26
- Slurry Seal Group 2626
- San Diego
- $3,997,325
- 1/29/26
- Slurry Seal Group 2625
- San Diego
- $3,945,120
- 1/27/26
- WWTP Pavement Maintenance CIP 26707
- Napa Sanitation District
- $223,211
- 1/22/26
- Slurry Seal Group 2627
- San Diego
- $3,751,120
- 1/22/26
- Pavement Preservation 24 25 CP2002
- Porterville
- $989,120
- 09/13/26
- 120
- 0%
- -
- $989,120
- 2025 Resurfacing
- Yuba City
- $1,294,210
- 09/06/26
- 80
- 0%
- -
- $1,294,210
- Urban Pavement Preservation Phase I
- Stanislaus County
- $1,847,120
- 08/30/26
- 120
- 0%
- -
- $1,847,120
- Slurry Seal Group 2627
- Hanford
- $933,120
- 08/08/26
- 120
- 10.8%
- $233,280
- $832,032
- Slurry Seal Group 2627
- San Pablo
- $626,211
- 08/03/26
- 120
- 14.2%
- $156,553
- $537,498
- Slurry Seal Group 2627
- San Mateo County
- $2,020,120
- 08/03/26
- 120
- 14.2%
- $505,030
- $1,733,936
- Slurry Seal Group 2627
- Caltrans
- $1,696,120
- 07/26/26
- 50
- 50.0%
- $1,017,672
- $848,060
- Slurry Seal Group 2627
- Yolo County
- $4,655,120
- 07/13/26
- 120
- 31.7%
- $1,163,780
- $3,180,999
- Slurry Seal Group 2627
- Scotts Valley
- $1,536,211
- 06/27/26
- 120
- 45.0%
- $384,053
- $844,916
- Slurry Seal Group 2627
- Humboldt County
- $1,488,120
- 06/13/26
- 120
- 56.7%
- $372,030
- $644,852
- Slurry Seal Group 2627
- Elk Grove
- $4,330,120
- 06/01/26
- 90
- 90.0%
- $1,443,373
- $433,012
- Slurry Seal Group 2627
- Marina
- $2,030,120
- 05/23/26
- 110
- 80.9%
- $553,669
- $387,568
- Slurry Seal Group 2627
- Caltrans
- $2,565,120
- 05/21/23
- 3000
- 39.6%
- $25,651
- $1,550,188
- $5,855,091
- $15,123,511


