- Phoenix Construction Services
- 2026
- 2
- 1
- 50.00%
- $59,096,852
- 11.65%
- 0.00%
- 11.65%
- $67,334,910

Phoenix Construction Services holds **$57M** in remaining backlog, dominated by the recently awarded **$59M** T3845 BAY project with **$56M** still to bill. Steady progress on this long-duration contract should generate consistent cash inflows over the next several months. The smaller T3984 BAY project contributes limited additional liquidity.
Medium-term Outlook (6-12 months)
Backlog will decline as the **$979K** remaining on T3984 BAY is exhausted, leaving reliance on the single large project. Limited bidding success in 2025 (16.7%) and only one win so far in 2026 constrain pipeline replenishment. Cash flow stability hinges on maintaining margins on the **$59M** contract.
Key Risk Period
The period beyond 12 months presents elevated risk once the current **$57M** backlog is substantially drawn down without additional awards. Low historical win rates and extended contract durations could create revenue gaps and resource underutilization.
Recommendations
Prioritize aggressive bidding on 3-5 targeted opportunities in the next quarter to rebuild backlog above **$80M**. Implement monthly cash flow forecasting tied to the **$56M** remaining on T3845 BAY to optimize working capital.
- Old Town Santa Rosa Foreman Property Nellie Drive Extension
- FDOT
- $59,096,852
- 05/30/26
- 1500
- 6.5%
- $1,181,937
- $55,275,256
- Old Town Santa Rosa Foreman Property Nellie Drive Extension
- FDOT
- $2,787,910
- 12/28/25
- 350
- 71.4%
- $238,964
- $796,546
- $1,420,901
- $56,071,802

