BidJudge.com - Projects
communications@flatironcorp.com
2100 Goodyear Rd
Benicia CA
94510
707-742-6000
707-746-0849
Health Breakdown
Avg Left
-10
Success
40
Avg Avg
0
Year Proj
50
2 Year Prior Proj
Qual Based
0
Cash Flow
-40
 
40%
40%
Health
Financial Health & Pipeline Brief
Analyzed On:  Aug 12, 2026
Flatiron Dragados West Constructors - CA (Powered by Grok AI)
Near-term Outlook (next 3-6 months)
The **$640M** remaining backlog, anchored by the **$375M** I Street Bridge and **$87M** Riverside projects, supports steady cash inflows as these active contracts advance. Recent bid success rising to 30% in 2026 with **$596M** in low bids provides additional near-term revenue visibility. Execution of the **$82M** Shasta County project further bolsters liquidity.

Medium-term Outlook (6-12 months)
Continued ramp-up on the **$97M** Placer County and **$375M** bridge projects will sustain backlog burn rates through mid-2027. Improved win rates and **$1.4B** in 2025 bids position the firm for expanded volume, though long contract durations of 600-1100 months may delay full recognition. Overall backlog conversion should maintain positive cash flow.

Key Risk Period
Extended durations across all four active projects create peak risk in 12-24 months if change orders or payment delays materialize, potentially straining working capital despite the **$640M** total. Lower 2024-2025 success rates highlight vulnerability to bid volatility.

Recommendations
Prioritize aggressive pursuit of high-probability bids to replenish backlog above **$800M**. Implement monthly cash flow forecasting tied to the **$375M** and **$111M** projects to mitigate duration-related risks.
 
JOBS LOW
  • 02-2K0004 Shasta County Near Shasta From 0.4 Mile West Whiskey Creek Road 0.1 Mile East Lake Vista
  • Caltrans
  • 7/30/26
  • I Street Bridge Replacement
  • Sacramento
  • 4/8/26
  • 03-3H5904 Placer County At Various Locations
  • Caltrans
  • 2/3/26
Bidjudge
JOBS BID
  • 02-2K0004 Shasta County Near Shasta From 0.4 Mile West Whiskey Creek Road 0.1 Mile East Lake Vista
  • Caltrans
  • $82,334,035
  • 7/30/26
  • 12-0K9704 Orange Riverside Counties Route 241 From 0.1 Mile South Santiago Creek Bridge Route 91 R
  • Caltrans
  • $328,654,516
  • 7/16/26
  • 04-2Y2204 Contra Costa Marin Counties Richmond San Rafael From 1.1 Miles East Main Street 1.1 Miles
  • Caltrans
  • $283,598,019
  • 6/3/26
  • Irvine Great Park Bosque Pedestrian Bridge CIP 322601
  • Irvine
  • $7,557,110
  • 5/28/26
  • 11-2N2084 San Diego County Near National City San Diego From South Chollas Creek Bridge Broadway Ov
  • Caltrans
  • $5,195,000
  • 4/14/26
  • I Street Bridge Replacement
  • Sacramento
  • $398,514,792
  • 4/8/26
  • 06-0S37U4 Kings Fresno Counties Near Lemoore From 0.3 Mile South Excelsior Avenue 1.0 Mile South Co
  • Caltrans
  • $62,434,852
  • 2/12/26
  • Placer Parkway Phase 1 Construction
  • Placer County
  • $65,832,387
  • 2/10/26
  • 03-3H5904 Placer County At Various Locations
  • Caltrans
  • $115,351,870
  • 2/3/26
  • Irvine Great Park Bosque Pedestrian Bridge CIP 322601
  • Irvine
  • $6,788,200
  • 1/29/26
Bidjudge
CASH FLOW
  • Irvine Great Park Bosque Pedestrian Bridge CIP 322601
  • Sacramento
  • $398,514,792
  • 06/07/26
  • 1100
  • 6.7%
  • $10,868,585
  • $371,705,615
  • Irvine Great Park Bosque Pedestrian Bridge CIP 322601
  • Caltrans
  • $115,351,870
  • 04/04/26
  • 790
  • 17.5%
  • $4,380,451
  • $95,201,797
  • Irvine Great Park Bosque Pedestrian Bridge CIP 322601
  • Caltrans
  • $111,110,574
  • 02/16/26
  • 800
  • 23.1%
  • $4,166,647
  • $85,416,254
  • $19,415,683
  • $634,657,701
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