- RJ Noble
- 2026
- 91
- 18
- 19.78%
- $66,956,214
- 3.68%
- 13.45%
- 7.56%
- $272,151,650

Recent 2026 awards have added substantial active backlog, with **$78.7M** remaining across multiple pavement and rehabilitation projects bid since March 2026. Steady progress on shorter-duration contracts such as Harbor Blvd and ST260 should generate consistent cash inflows over the next two quarters. Bidding volume remains healthy at 84 jobs, supporting a 19% success rate to replenish near-term pipeline.
Medium-term Outlook (6-12 months)
The **$111M** in 2025 awards continues to provide runway, but longer-duration projects (105-400 months) will pace revenue recognition slowly through 2027. Sustained bidding at 2025-2026 levels (**$256M-$385M** total) is required to maintain workload once initial 2026 starts wind down. Cash flow should stabilize if current success rates hold near 20%.
Key Risk Period
The 9-15 month window following depletion of the largest remaining balances (**$33.1M** and **$16.2M** projects) poses the greatest exposure if new awards lag. Extended contract durations may also stretch working capital needs during slow billing cycles.
Recommendations
Prioritize bids on shorter-duration projects to accelerate cash conversion and target a 25% success rate through refined estimating. Monitor monthly burn rates on the **$78.7M** backlog to trigger proactive bidding surges 6 months ahead of projected gaps.
- NO 1753 University Drive Pavement Rehabilitation Avalon Blvd Wilmington Ave
- Carson
- 8/24/26
- Landau Boulevard Public Alley Reconstruction
- Cathedral City
- 8/11/26
- 2026 Pavement Overlay CIP No ST022
- San Marcos - CA
- 8/4/26
- Jefferson Avenue Clinton Keith Road Pavement Rehabilitation
- Murrieta
- 7/30/26
- Harbor Blvd Street Rehabilitation
- Fullerton
- 6/30/26
- ST260 Pavement Improvements Zone 1 Cypress Avenue
- Chino
- 6/11/26
- Knott Avenue Lincoln Avenue Artesia Boulevard 8th Street Rehabilitation
- Buena Park
- 6/8/26
- 2026 Residential Streets Rehabilitation
- Garden Grove
- 6/2/26
- Sunny Hills Twilight E Las Palmas Area Street Rehabilitation
- Fullerton
- 5/19/26
- Residential Streets Improvement Monterrey Baker Group 19
- Anaheim
- 4/30/26
- 12-0V5204 Orange County Garden Grove From Magnolia Street Undercrossing Euclid Street Undercrossing
- Caltrans
- 4/21/26
- 4327 Almond Avenue Collins Avenue Street Improvements
- Orange
- 4/9/26
- Baker Avenue Rehabilitation
- Fullerton
- 3/25/26
- On Call Street Rehabilitation Slurry Seal Contract
- Irvine
- 3/5/26
- FY 2025 26 Pavement Rehabilitation CS26A
- Encinitas
- 2/18/26
- 2025 CDBG Residential Street Overlay
- Westminster
- 2/3/26
- Grand Avenue Rehabilitation Edinger Avenue McFadden Avenue 23-6700
- Santa Ana
- 1/9/26
- MLK JR Street Improvements Main Street Avalon Boulevard
- Carson
- 1/5/26
- FY 2026 27 Arteral Roadway Rehabilitation
- Placentia
- $1,534,520
- 8/28/26
- SB1 Citywide Pavement Rehabilitation CIP 2511
- Hemet
- $2,843,900
- 8/27/26
- FY 2026 27 Residential Roadway Rehabilitation
- Placentia
- $2,051,925
- 8/27/26
- NO 1753 University Drive Pavement Rehabilitation Avalon Blvd Wilmington Ave
- Carson
- $4,448,287
- 8/24/26
- 2025 2026 CDBG Street Improvements Randolph Street Improvements
- Riverside
- $4,152,974
- 8/20/26
- Avenida De Platina Pavement Rehab Invitation Bid
- Coachella
- $254,928
- 8/19/26
- Landau Boulevard Public Alley Reconstruction
- Cathedral City
- $844,969
- 8/11/26
- CP26 405 Bob Hope Pavement Rehab
- Rancho Mirage
- $416,219
- 8/5/26
- 2026 Pavement Overlay CIP No ST022
- San Marcos - CA
- $2,044,315
- 8/4/26
- Jefferson Avenue Clinton Keith Road Pavement Rehabilitation
- Murrieta
- $5,067,921
- 7/30/26
- Peyton Drive Pavement Rehabilitation
- Chino Hills
- $2,149,405
- 7/30/26
- CIP No 101 M Citywide Pavement Rehabilitation
- Laguna Hills
- $5,694,285
- 7/30/26
- Carmenita Road Rehabilitation 550 North Excelsior Drive Rosecrans Avenue CIP 7184
- Norwalk
- $2,886,279
- 7/29/26
- Vista Way FHWA Overlay
- Oceanside
- $1,226,529
- 7/28/26
- Rehabilitation Resurfacing Newhope Street Ward Street Ellis Avenue Slater Avenue
- Fountain Valley
- $3,472,071
- 7/23/26
- 2025 26 Citywide Residential Overlay
- Westminster
- $3,329,045
- 7/23/26
- Local Street Rehabilitation Zones 5 6 CIP 7944
- Norwalk
- $5,961,002
- 7/15/26
- Alondra Blvd Pavement Rehabilitation Studebaker Rd Gridley Rd CIP 7921
- Norwalk
- $2,459,265
- 7/14/26
- City Wide Street Rehabilitation Maintenance
- Beaumont
- $3,956,000
- 7/7/26
- Candlewood Area Street Rehabilitation
- Fullerton
- $684,025
- 7/2/26
- 2025 26 Pavement Rehabilitation CIP 2516
- Hemet
- $719,000
- 6/30/26
- Harbor Blvd Street Rehabilitation
- Fullerton
- $1,114,075
- 6/30/26
- San Miguel Drive Pavement Rehabilitation
- Newport Beach
- $2,769,466
- 6/25/26
- Monterey Avenue Street Rehabilitation
- Palm Desert
- $2,435,000
- 6/23/26
- South Palm Canyon Road Reconfiguration
- Palm Springs
- $2,499,201
- 6/18/26
- Cedar Street Rehabilitation Occidental Street Edinger Avenue
- Santa Ana
- $354,212
- 6/11/26
- ST260 Pavement Improvements Zone 1 Cypress Avenue
- Chino
- $852,884
- 6/11/26
- Knott Avenue Lincoln Avenue Artesia Boulevard 8th Street Rehabilitation
- Buena Park
- $4,779,240
- 6/8/26
- McFadden Ave Phase I Brookhurst St Bolsa Ave Phase II Street Improvement
- Westminster
- $3,853,188
- 6/3/26
- Raymond Avenue Rehabilitation
- Fullerton
- $1,517,656
- 6/3/26
- 2026 Residential Streets Rehabilitation
- Garden Grove
- $693,954
- 6/2/26
- 2026 Fall Pavement Rehabilitation
- Ontario
- $4,605,768
- 6/1/26
- 08-1N6604 San Bernardino County Twentynine Palms From Athol Avenue Gopher Grove Lane
- Caltrans
- $3,995,747
- 5/28/26
- Highway Safety Improvement Program HSIP Traffic Calming
- Artesia
- $1,039,795
- 5/21/26
- Local Street Preventative Maintenance FY 25 26
- Santa Ana
- $3,791,952
- 5/21/26
- CIP ST011 2 2026 Surface Seal
- San Marcos - CA
- $2,406,931
- 5/19/26
- Sunny Hills Twilight E Las Palmas Area Street Rehabilitation
- Fullerton
- $2,629,464
- 5/19/26
- Rehabilitation Resurfacing Euclid St Slater Ave Talbert Ave Talbert Ave Brookurst St Bushard St
- Fountain Valley
- $2,868,505
- 5/14/26
- 2026 Pavement Rehabilitation
- Palm Springs
- $11,532,798
- 5/14/26
- Pauba Road Pavement Rehabilitation
- Temecula
- $2,196,863
- 5/14/26
- Residential Roadway Rehabilitation 26002 Quadrant B4
- Fountain Valley
- $2,717,081
- 5/13/26
- Pavement Major Rehabilitation FY22 23 23 24 FY24 25
- Chula Vista
- $12,882,000
- 5/8/26
- FY25 26 Pavement Rehabilitation
- Oceanside
- $11,135,274
- 5/6/26
- 11-2N2354 San Diego County Oceanside From 0.4 Mile East Melrose Drive Olive Hill Road Camino Del Re
- Caltrans
- $3,890,789
- 5/6/26
- MacArthur Boulevard Pavement Rehabilitation Median Improvements
- Newport Beach
- $7,479,507
- 5/5/26
- Residential Streets Improvement Monterrey Baker Group 19
- Anaheim
- $7,513,585
- 4/30/26
- Slurry Seal 2026 CIP Nos 8262 8313
- Vista
- $3,455,235
- 4/28/26
- Citywide Pavement Repair Rehabilitation Program 2026
- Santee
- $2,028,028
- 4/28/26
- Miles Avenue Pavement Rehabilitation
- La Quinta
- $3,319,846
- 4/23/26
- 11-2N2514 San Diego County San Diego Route 15 From 0.6 Mile South 0.2 Mile North Route 56/15 Separa
- Caltrans
- $2,920,154
- 4/22/26
- 12-0V5204 Orange County Garden Grove From Magnolia Street Undercrossing Euclid Street Undercrossing
- Caltrans
- $1,710,705
- 4/21/26
- Citywide Pavement Rehabilitation Program Fiscal Year FY 2025 26
- Moreno Valley
- $5,839,556
- 4/21/26
- Comprehensive Pavement Rehabilitation High Maintenance Segments
- Fontana
- $2,369,329
- 4/16/26
- Parking Lot Rehabilitation Portion City Yard Rehabilitation Modernization
- Chino Hills
- $494,924
- 4/16/26
- VoH Liberty Loop Patching Pavement Rehabilitation
- Fontana
- $3,468,561
- 4/9/26
- 11-2N2524 Imperial County At Various Locations
- Caltrans
- $2,959,227
- 4/9/26
- 4327 Almond Avenue Collins Avenue Street Improvements
- Orange
- $1,679,175
- 4/9/26
- McFadden Avenue Rehabilitation
- Santa Ana
- $2,048,239
- 4/7/26
- Firethorne Area Street Rehabilitation
- Fullerton
- $1,749,440
- 4/7/26
- FY 2025 26 Street Overlay Zone 1
- Poway
- $2,061,704
- 4/1/26
- Pacific Wanda Louise Walnut Area Street Rehabilitation
- Fullerton
- $548,970
- 4/1/26
- Cedarbrook Pavement Rehabilitation Between Glenwood Drive Aliso Viejo Parkway
- Aliso Viejo
- $959,880
- 3/26/26
- 12-0V5304 Orange County Laguna Beach Route 73 From 0.2 Mile South Route 73/133 Separation Route 73/
- Caltrans
- $1,676,698
- 3/26/26
- Palm Street Area Rehabilitation
- Fullerton
- $1,768,875
- 3/26/26
- Aliso Viejo Parkway Pavement Rehabilitation Between Enterprise Aliso Creek Road
- Aliso Viejo
- $1,956,765
- 3/25/26
- Baker Avenue Rehabilitation
- Fullerton
- $533,473
- 3/25/26
- FY 24 25 Citywide Street Resurfacing
- Stanton
- $507,207
- 3/25/26
- FY 2025 26 Street Improvements Program
- Chino Hills
- $2,800,815
- 3/19/26
- Street Preservation Local Citywide FY 25 26 Worktag 68598
- Pomona
- $2,588,191
- 3/16/26
- Industrial Street Repair Program
- Santa Ana
- $4,682,605
- 3/5/26
- Los Alisos Pavement Rehab
- Rancho Santa Margarita
- $493,277
- 3/5/26
- Santa Margarita Parkway Pavement Rehab
- Rancho Santa Margarita
- $994,447
- 3/5/26
- On Call Street Rehabilitation Slurry Seal Contract
- Irvine
- $21,626,600
- 3/5/26
- Business Area Road Improvements
- Santa Ana
- $1,094,849
- 2/25/26
- Citywide Pavement Repair Rehabilitation Program Phase 2 2025
- Santee
- $1,868,725
- 2/24/26
- FY 2025 26 Pavement Rehabilitation CS26A
- Encinitas
- $4,677,198
- 2/18/26
- Bella Canto Neighborhood Pavement Rehabilitation
- Coachella
- $537,580
- 2/12/26
- Street Pavement Repair Program FY 2025 26
- Newport Beach
- $1,427,945
- 2/10/26
- FY24 25 Residential Street Rehabilitation
- West Covina
- $4,301,092
- 2/9/26
- Civic Center Rehabilitation Bristol Shelton
- Santa Ana
- $416,305
- 2/5/26
- 12-0V5004 Orange County Huntington Beach From Newland Street Goldenwest Street
- Caltrans
- $3,672,542
- 2/4/26
- Whitewater Neighborhood Road Improvement Fiscal Year 2025 2026
- Cathedral City
- $788,460
- 2/4/26
- 2025 CDBG Residential Street Overlay
- Westminster
- $773,084
- 2/3/26
- Jimmy Durante Boulevard Pavement Rehabilitation
- Del Mar
- $1,499,520
- 1/28/26
- 12-0V5104 Orange County Irvine Orange At Various Locations
- Caltrans
- $621,473
- 1/27/26
- Citywide Pavement Rehabilitation
- Fontana
- $5,389,744
- 1/22/26
- Commercial Street Improvement DInard Ave Maryton Ave Marquardt Ave Park Street Pike St
- Santa Fe Springs
- $2,254,872
- 1/22/26
- 12-0S5204 Orange County Orange At 0.2 Mile East Main Street Overcrossing
- Caltrans
- $837,741
- 1/21/26
- Grand Avenue Rehabilitation Edinger Avenue McFadden Avenue 23-6700
- Santa Ana
- $994,570
- 1/9/26
- Asphalt Paving Maintenance Bike Trails Parking Lots
- Irvine
- $1,029,510
- 1/6/26
- MLK JR Street Improvements Main Street Avalon Boulevard
- Carson
- $4,972,715
- 1/5/26
- NO 1753 University Drive Pavement Rehabilitation Avalon Blvd Wilmington Ave
- Carson
- $4,448,287
- 10/23/26
- 120
- 0%
- -
- $4,448,287
- Landau Boulevard Public Alley Reconstruction
- Cathedral City
- $844,969
- 10/10/26
- 80
- 0%
- -
- $844,969
- 2026 Pavement Overlay CIP No ST022
- San Marcos - CA
- $2,044,315
- 10/03/26
- 120
- 0%
- -
- $2,044,315
- Jefferson Avenue Clinton Keith Road Pavement Rehabilitation
- Murrieta
- $5,067,921
- 09/28/26
- 105
- 0%
- -
- $5,067,921
- MLK JR Street Improvements Main Street Avalon Boulevard
- Fullerton
- $1,114,075
- 08/29/26
- 55
- 29.1%
- $607,677
- $789,980
- MLK JR Street Improvements Main Street Avalon Boulevard
- Chino
- $852,884
- 08/10/26
- 65
- 55.4%
- $393,639
- $380,517
- MLK JR Street Improvements Main Street Avalon Boulevard
- Buena Park
- $4,779,240
- 08/07/26
- 120
- 31.7%
- $1,194,810
- $3,265,814
- MLK JR Street Improvements Main Street Avalon Boulevard
- Garden Grove
- $693,954
- 08/01/26
- 120
- 36.7%
- $173,489
- $439,504
- MLK JR Street Improvements Main Street Avalon Boulevard
- Fullerton
- $2,629,464
- 07/18/26
- 120
- 48.3%
- $657,366
- $1,358,556
- MLK JR Street Improvements Main Street Avalon Boulevard
- Anaheim
- $7,513,585
- 06/29/26
- 180
- 42.8%
- $1,252,264
- $4,299,440
- MLK JR Street Improvements Main Street Avalon Boulevard
- Orange
- $1,679,175
- 06/08/26
- 120
- 81.7%
- $419,794
- $307,849
- MLK JR Street Improvements Main Street Avalon Boulevard
- Irvine
- $21,626,600
- 05/04/26
- 400
- 33.3%
- $1,621,995
- $14,435,756
- MLK JR Street Improvements Main Street Avalon Boulevard
- Caltrans
- $22,715,595
- 01/03/26
- 300
- 84.7%
- $2,271,560
- $3,483,058
- MLK JR Street Improvements Main Street Avalon Boulevard
- Caltrans
- $52,283,349
- 11/10/25
- 750
- 41.1%
- $2,091,334
- $30,812,320
- $10,683,928
- $71,978,286



