- DeSilva Gates Construction
- 2026
- 60
- 5
- 8.33%
- $98,271,882
- 4.14%
- 8.39%
- 6.29%
- $688,562,368

DeSilva Gates enters the period with **$65.8M** remaining backlog, of which **$10.8M** and **$1.5M** are tied to the two 2026-awarded projects now mobilizing. Execution will be constrained by the sharp drop in 2026 wins to only **$18.2M** at a 5.7% success rate, limiting near-term revenue ramp.
Medium-term Outlook (6-12 months)
The **$53.5M** remaining on the Fresno Airport project will drive the majority of cash flow, yet its 617-month duration implies slow monthly burn rates. Without a rebound in win volume above the **$196M** achieved in 2025, backlog could fall below **$40M** by year-end 2026.
Key Risk Period
The 2026 bidding results signal the primary risk window, with total low-bid volume collapsing to **$18.2M** and average left-on-low tightening to 2.99%, indicating margin pressure and potential cash-flow gaps if new awards do not accelerate within the next two quarters.
Recommendations
Prioritize pursuit of shorter-duration projects to improve cash conversion cycles and target a minimum 10% success rate on bids exceeding **$500M** annually. Implement monthly backlog burn tracking tied to the three active contracts to identify liquidity shortfalls early.
- 06-0H22U4 Madera County Madera From San Joaquin River Bridge 0.6 Mile North Avenue 12 Overcrossing
- Caltrans
- 10/22/26
- 03-2J9804 Sutter County Near Knights Landing From 0.4 Mile North Cranmore Road 0.3 Mile North Knigh
- Caltrans
- 8/13/26
- Willow Keyes Corridor Improvements Federal No ATPL 5005 173
- San Jose
- 7/23/26
- Street Resurfacing 2026
- Milpitas
- 4/8/26
- Street Resurfacing 2025 Dempsey Road Great Mall Parkway Phase II
- Milpitas
- 1/7/26
- 06-0H22U4 Madera County Madera From San Joaquin River Bridge 0.6 Mile North Avenue 12 Overcrossing
- Caltrans
- $77,277,277
- 10/22/26
- Hazel Avenue At US 50 Interchange Improvement Project Segment 1
- Sacramento County
- $22,525,239
- 10/1/26
- Vasco Road Safety Improvements Phase 2 0662-6R4411
- Contra Costa County Public Works
- $23,071,071
- 9/24/26
- 03-0N4504 Sacramento County Sacramento From 0.1 Mile North Fulton Avenue Overcrossing Auburn Boulev
- Caltrans
- $4,272,739
- 9/9/26
- Dyer Street Pavement Rehabilitation
- Union City
- $591,195
- 9/8/26
- 03-4J9004 Sacramento County Thornton From Lost Slough Bridge Dierssen Road Overcrossing
- Caltrans
- $4,079,143
- 9/3/26
- 03-2J9804 Sutter County Near Knights Landing From 0.4 Mile North Cranmore Road 0.3 Mile North Knigh
- Caltrans
- $2,758,572
- 8/13/26
- 05-1S5904 Monterey County At Various Locations
- Caltrans
- $3,912,219
- 8/11/26
- 23 052 Roads Program CIP
- Turlock
- $25,334,334
- 7/28/26
- Willow Keyes Corridor Improvements Federal No ATPL 5005 173
- San Jose
- $10,802,000
- 7/23/26
- 2026 Street Resurfacing 01 26
- Pleasant Hill
- $4,190,000
- 7/22/26
- Sierra College Blvd I 80 Resurfacing
- Rocklin
- $2,420,500
- 7/16/26
- Mills Crossing Right Of Way Infrastructure
- Rancho Cordova
- $3,121,121
- 7/16/26
- Pavement Management 2026
- San Ramon
- $5,313,313
- 7/15/26
- OBAG 2 Cherry Ave Federal No STPL 5005 177
- San Jose
- $1,165,561
- 7/9/26
- 2026 Pavement Rehabilitation
- Belmont
- $2,781,801
- 7/8/26
- 2025 26 Annual Pavement Rehabilitation CIP No 4183 4190
- Orinda
- $2,999,999
- 6/2/26
- 10-1M2304 San Joaquin County French Camp At Mathews Road Undercrossing
- Caltrans
- $6,407,407
- 6/2/26
- 04-2X7304 Santa Clara County San Jose From 0.5 Mile North Bernal Road Undercrossing Coyote Creek Br
- Caltrans
- $702,300
- 6/2/26
- 2026 Citywide Pavement Rehabilitation
- Benicia
- $4,273,466
- 6/2/26
- 04-2X7904 Santa Clara County Gilroy From Santa Clara County LINE 0.3 Mile West Santa Teresa Boule
- Caltrans
- $1,263,263
- 5/28/26
- Central Expressway Pavement Rehabilitation Between Bowers Ave And Scott Blvd
- Santa Clara County
- $8,397,516
- 5/21/26
- 04-2X7104 Solano County Dixon Route 80 At Pedrick Road Overcrossing Route 113 From Route 12 0.3 Mil
- Caltrans
- $1,460,460
- 5/20/26
- 2026 Pavement Preservation
- Yolo County
- $4,963,369
- 5/14/26
- Citywide Street Rehabilitation Package 6 B2
- San Mateo
- $3,156,156
- 5/14/26
- 2025 2026 Street Rehabilitation
- Moraga
- $1,807,708
- 5/6/26
- AC Overlay 2026 Phase C
- Sacramento County
- $6,822,822
- 4/23/26
- North GA Ramp Reconstruction
- Napa County
- $3,104,475
- 4/23/26
- 2026 Local Streets Resurfacing South Pavement Measure T
- San Jose
- $5,900,577
- 4/23/26
- FY26 Street Resurfacing
- Palo Alto
- $3,646,996
- 4/22/26
- Skyking Road Extension Phelan Drive
- Sacramento County
- $2,249,249
- 4/16/26
- AC Overlay 2026 Phase B
- Sacramento County
- $15,388,388
- 4/16/26
- 2026 Major Streets Resurfacing 2
- San Jose
- $8,169,169
- 4/16/26
- 03-3G6104 Yolo County At Zamora From 0.1 Mile South Adams Creek Bridge 0.2 Mile North Route 505/5 S
- Caltrans
- $5,123,456
- 4/14/26
- AC Overlay 2026 Phase A
- Sacramento County
- $11,861,685
- 4/9/26
- Fair Oaks Boulevard Bicycle Pedestrian Mobility Phase 2
- Sacramento County
- $9,523,521
- 4/9/26
- SJC New Taxiway Victor Phase 3A
- San Jose
- $13,777,776
- 4/9/26
- Street Resurfacing 2026
- Milpitas
- $3,342,338
- 4/8/26
- 2519 Resurfacing Portions Various Roadways Castro Valley Area
- Alameda County
- $877,240
- 4/7/26
- 2520 Resurfacing Portions Various Roadways Eden Area
- Alameda County
- $1,174,688
- 4/7/26
- 2521 Slurry Seal Resurfacing Portions Various Roadways
- Alameda County
- $4,539,665
- 4/7/26
- 03-3G7504 Butte County At Butte Valley From Route 70 Separation 0.2 Mile South Durham Pentz Road Fr
- Caltrans
- $4,334,334
- 3/26/26
- 04-2X7404 Santa Clara County Near Los Gatos From Santa Clara County Line 0.1 Mile North Hebard Road
- Caltrans
- $4,247,247
- 3/26/26
- 03-3G7804 Yuba County At Olivehurst From Route 65/70 Separation Yuba River Bridge
- Caltrans
- $3,329,329
- 3/25/26
- Annual Street Overlay Rehabilitation 2019 21 Phase III
- San Leandro
- $4,064,064
- 3/19/26
- 10-1U0604 Stanislaus County Patterson From 1.1 Miles North Main Canal Bridge 0.2 Mile South Sperry
- Caltrans
- $3,574,886
- 3/18/26
- 10-1U0804 Merced County At Santa Nella From 0.1 Mile North Mccabe Road The Intersection Sullivan Ro
- Caltrans
- $3,888,888
- 3/17/26
- FY26 Pavement Improvement
- Alameda County
- $10,792,815
- 3/17/26
- Sacramento International Airport Terminal A Exit Road
- Sacramento County
- $16,046,046
- 3/12/26
- 2026 DOT SLT Road Maintenance Pavement Rehabilitation
- El Dorado County
- $3,744,744
- 3/10/26
- Residential Pavement Maintenance Phase F PJ 2611 2624
- Concord
- $5,043,275
- 3/5/26
- 2025 Pavement Maintenance Overlay WPR025
- Elk Grove
- $5,361,361
- 2/12/26
- 06-0S37U4 Kings Fresno Counties Near Lemoore From 0.3 Mile South Excelsior Avenue 1.0 Mile South Co
- Caltrans
- $62,770,770
- 2/12/26
- Placer Parkway Phase 1 Construction
- Placer County
- $61,711,711
- 2/10/26
- Citywide Street Reconstruction Phase 5
- San Mateo
- $4,973,973
- 2/5/26
- 03-3H5904 Placer County At Various Locations
- Caltrans
- $118,023,110
- 2/3/26
- Off System Roadway Rehabilitation 2026
- Paradise
- $7,043,777
- 1/26/26
- FY2025 26 Road Overlay SB1
- Sutter County
- $1,836,836
- 1/22/26
- 03-0J4004 El Dorado County Placerville From 0.1 Mile West Carson Road Overcrossing 5 Mile Road 1.0
- Caltrans
- $39,133,733
- 1/14/26
- Street Resurfacing 2025 Dempsey Road Great Mall Parkway Phase II
- Milpitas
- $4,091,695
- 1/7/26
- 06-0H22U4 Madera County Madera From San Joaquin River Bridge 0.6 Mile North Avenue 12 Overcrossing
- Caltrans
- $77,277,277
- 12/21/26
- 710
- 0%
- -
- $77,277,277
- Street Resurfacing 2025 Dempsey Road Great Mall Parkway Phase II
- Caltrans
- $2,758,572
- 10/12/26
- 45
- 33.3%
- $1,839,048
- $1,839,048
- Street Resurfacing 2025 Dempsey Road Great Mall Parkway Phase II
- San Jose
- $10,802,000
- 09/21/26
- 120
- 30.0%
- $2,700,500
- $7,561,400
- Street Resurfacing 2025 Dempsey Road Great Mall Parkway Phase II
- Fresno
- $98,888,888
- 11/02/25
- 617
- 58.2%
- $4,808,212
- $41,350,621
- $9,347,760
- $128,028,346



