- Banks Construction Co
- 2026
- 13
- 7
- 53.85%
- $50,198,629
- 8.75%
- 9.82%
- 1.65%
- $78,855,408

Banks Construction Co enters the near term with **$28.5M** in remaining backlog from five active projects awarded in 2026, including **$5.5M** and **$6.3M** road and pedestrian contracts bid in June. The improved 63.6% success rate and **$50.2M** in 2026 low bids support steady mobilization, though 120-month durations will limit near-term cash inflows to gradual progress billings.
Medium-term Outlook (6-12 months)
The **$28.5M** backlog, combined with higher 2026 volume versus **$32.2M** won in 2025, positions the firm for sustained revenue through 2027 as longer-duration contracts such as the **$11.96M** Charleston Improvement project continue. Execution of the remaining **$6.1M** on the Dorchester project and asphalt services will contribute to cash flow stability if change orders and retainage releases remain on schedule.
Key Risk Period
Extended contract durations of 120–730 months create a key risk period in 12–24 months when current backlog may deplete without new awards, potentially exposing the firm to cash flow gaps given the 8.75–10.35% average left on low bids.
Recommendations
Prioritize bidding shorter-cycle projects to accelerate backlog turnover and target a minimum **$40M** annual win volume to maintain momentum. Implement monthly cash flow forecasting tied to the **$28.5M** backlog to optimize working capital ahead of the identified risk window.
- 6185 26C Road Work Savannah Hwy Intersection Improvements Wappoo Road MUP
- Charleston County SC
- 6/30/26
- IFB No 6152 26C Road Work Folly Bike Pedestrian Improvements TST
- Charleston County SC
- 6/16/26
- 040 Dorchester
- SCDOT
- 5/12/26
- Asphalt Paving Services
- Dorchester SD Two
- 3/31/26
- Road Work Calhoun Street James Island Connector Courtenay Drive Improvements TST
- Charleston County SC
- 3/17/26
- 050 Charleston Improvement
- SCDOT
- 3/10/26
- 040 BERKELEY
- SCDOT
- 1/13/26
- Old Spell Road Improvements Phase 2
- Dorchester County SC
- $1,334,483
- 8/18/26
- 160 Orangeburg - SC OLD NUMBER SIX HWY ROAD DEPARTURE MITIGATION
- SCDOT
- $2,420,940
- 8/11/26
- 6185 26C Road Work Savannah Hwy Intersection Improvements Wappoo Road MUP
- Charleston County SC
- $5,481,951
- 6/30/26
- IFB No 6152 26C Road Work Folly Bike Pedestrian Improvements TST
- Charleston County SC
- $6,315,332
- 6/16/26
- IFB No 6178 26C Road Work 2026 Resurfacing Plan CTC
- Charleston County SC
- $9,405,498
- 6/9/26
- 040 Dorchester
- SCDOT
- $6,529,456
- 5/12/26
- Orangeburg Road Mallard Road Intersection Improvements
- Dorchester County SC
- $1,100,527
- 4/23/26
- Asphalt Paving Services
- Dorchester SD Two
- $500,000
- 3/31/26
- Road Work Calhoun Street James Island Connector Courtenay Drive Improvements TST
- Charleston County SC
- $18,545,814
- 3/17/26
- Connelly Haynes Road Improvements
- Dorchester County SC
- $765,606
- 3/10/26
- 050 Charleston Improvement
- SCDOT
- $11,960,980
- 3/10/26
- 050 BERKELEY
- SCDOT
- $13,629,725
- 1/13/26
- 040 BERKELEY
- SCDOT
- $865,096
- 1/13/26
- 040 BERKELEY
- Charleston County SC
- $5,481,951
- 08/29/26
- 120
- 6.7%
- $1,370,488
- $5,116,488
- 040 BERKELEY
- Charleston County SC
- $6,315,332
- 08/15/26
- 120
- 18.3%
- $1,578,833
- $5,157,521
- 040 BERKELEY
- SCDOT
- $6,529,456
- 07/11/26
- 537
- 10.6%
- $364,774
- $5,836,385
- 040 BERKELEY
- Dorchester SD Two
- $500,000
- 05/30/26
- 120
- 82.5%
- $125,000
- $87,500
- 040 BERKELEY
- SCDOT
- $11,960,980
- 05/09/26
- 730
- 16.4%
- $491,547
- $9,994,792
- $3,930,642
- $26,192,686



