- State Utility Contractors - NC
- 2026
- 18
- 0
- 0.00%
- $0
- 0.00%
- 61.26%
- 21.77%
- $109,621,453
- State Utility Contractors - SC
- 2026
- 10
- 2
- 20.00%
- $15,423,174
- 17.23%
- 44.10%
- 20.87%
- $63,626,487

The contractor holds **$5.5M** in remaining backlog on a single 120-month project, supporting modest but predictable cash flow through steady progress billings. Limited bidding activity and a 16.7% win rate in 2026 provide minimal near-term visibility for new awards.
Medium-term Outlook (6-12 months)
Backlog drawdown will accelerate without additional wins, as the existing contract spans ten years with no other active projects. Continued low success rates, including zero wins in 2025, constrain revenue growth and backlog replenishment.
Key Risk Period
The period beyond 12 months represents the primary risk window, as the **$5.5M** backlog will be substantially depleted while new project acquisition remains unreliable.
Recommendations
Prioritize increasing bid volume and refining win strategies to rebuild backlog above **$15M** within the next year. Monitor monthly burn rates on the active project to preserve liquidity.
- Cannons Creek Wastewater Treatment Plant Upgrade Expansion
- Newberry County Water & Sewer Authority
- $11,952,000
- 9/16/26
- West Meeting Street Water Line Replacement
- Lancaster
- $7,504,027
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- Rock Hill
- $3,499,959
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- $14,042,045
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- $5,880,543
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- $9,542,631
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- $2,954,830
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- 2/26/26
- Water Transmission Improvements 30 Inch Transmission Main Phase 2
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- $3,843,852
- 1/23/26
- Lancaster Bypass Pump Station Replacement
- Lancaster County SC
- $3,491,900
- 1/20/26



