- Low Mountain Pro Low
- 2026
- 5
- 1
- 20.00%
- $9,260,759
- 1.45%
- 30.58%
- 14.59%
- $24,540,468

The **$139M** remaining backlog, driven by 2025 wins totaling **$42.3M**, supports steady cash flow from active projects such as the **$20M** Melrose Professional Park and **$8.1M** Edison Park. Recent late-2025 awards provide near-term revenue visibility despite extended contract durations. Bidding activity remains limited with zero 2026 wins recorded to date.
Medium-term Outlook (6-12 months)
Backlog burn from 2024-2025 awards (**$42.1M** and **$42.3M** respectively) will sustain operations through mid-2026, though the 0% success rate on four 2026 bids signals emerging pipeline weakness. Revenue recognition will remain slow given multi-year project timelines averaging over 200 months.
Key Risk Period
The period beyond 12 months presents the highest exposure, as current backlog depletion coincides with the sharp drop in win rate from 83.3% in 2024 to 0% in 2026 and minimal new awards.
Recommendations
Prioritize aggressive bid volume increases in core AZ markets while reviewing qualification and pricing factors behind the declining success rate. Monitor monthly backlog drawdown against the **$139M** total to trigger contingency bidding by Q2 2026.
- Coconino County Joint Operations Center Vehicle Storage Building
- Coconino County
- $9,260,759
- 6/17/26
- Eric Marcus Municipal Airport Airfield Vault
- Pima County
- $913,900
- 4/7/26
- Mohave Rattlesnake Detention Basin Construction Phase 1
- Mohave County
- $2,832,481
- 3/3/26
- Mayor Jason Kouts Park
- Safford
- $8,431,402
- 2/19/26
- ASPT Parker River Island OHV Phase Two
- ADOA
- $3,101,926
- 2/5/26
- Coconino County Joint Operations Center Vehicle Storage Building
- Coconino County
- $9,260,759
- 08/16/26
- 365
- 0%
- -
- $9,260,759
- ASPT Parker River Island OHV Phase Two
- Cavan Commercial
- $2,000,000
- 02/02/26
- 180
- 85.6%
- $333,333
- $288,889
- ASPT Parker River Island OHV Phase Two
- RAD Studio
- $20,000,000
- 05/12/25
- 730
- 57.5%
- $821,918
- $8,493,151
- ASPT Parker River Island OHV Phase Two
- Ak Chin Indian Community
- $12,000,000
- 08/12/24
- 730
- 94.9%
- $493,151
- $608,219
- $1,648,402
- $18,651,018

