- Green Wave Contracting Greenwave
- 2026
- 18
- 4
- 22.22%
- $22,185,150
- 14.93%
- 30.65%
- 14.58%
- $70,425,819

Green Wave Contracting enters the period with **$15.1M** remaining backlog across four active projects, led by Bees Ferry Landfill at **$12.0M** estimated remaining. The 2026 bidding surge to **$22.2M** awarded at a 28.6% success rate provides near-term revenue momentum, though 120-month average durations will limit cash conversion speed.
Medium-term Outlook (6-12 months)
Execution on Willowbank Water Main and 020 Berkeley projects will continue burning backlog at a measured pace given their extended timelines. Sustained bidding volume at 2026 levels should support backlog stability near **$15M** if win rates hold above 25%. Cash flow visibility improves as multiple starts overlap.
Key Risk Period
The 12-18 month window presents the highest exposure if new awards fail to offset the slow burn rate of long-duration contracts. Concentration of **$15.1M** backlog in only four projects, combined with 2025's weak **$0.5M** award total, heightens sensitivity to delays or lost bids.
Recommendations
Target shorter-cycle work to accelerate cash inflows and reduce duration risk. Increase annual bid volume above **$50M** to rebuild pipeline and improve consistency. Implement monthly backlog tracking to flag any erosion in the **$15.1M** position.
- Scpa West Cell Dike Improvements
- South Carolina Ports Authority
- $6,611,500
- 9/15/26
- Duke Street Laydown Yard Request For Bid
- Georgetown SC
- $47,000
- 9/11/26
- Elloree Waterline Replacement
- American Engineering Consultant Inc
- $2,360,045
- 9/10/26
- Willowbank Water Main Improvements 1519
- Georgetown SC
- $1,875,615
- 8/5/26
- Apron Reconstruction I II III Georgetown County Airport GGE REBID
- Georgetown County
- $2,784,345
- 7/10/26
- Cell 10 Landfill Earthwork
- Berkeley County SC
- $14,903,150
- 6/23/26
- Class 3 Landfill Cell 8 Earthwork
- Three Rivers Solid Waste Authority
- $8,139,150
- 6/18/26
- Minnick Road Watts Road Road Improvement
- Horry County SC
- $3,527,389
- 6/16/26
- Apron Reconstruction I II III Georgetown County Airport GGE
- Georgetown County
- $3,095,845
- 6/10/26
- Drainage Work Drayton Ashley Drainage Improvements
- Charleston County SC
- $558,155
- 6/5/26
- 020 Berkeley
- SCDOT
- $1,298,885
- 5/12/26
- Wildewood Avenue Sewer Repair
- Georgetown County Water Sewer District
- $35,000
- 5/5/26
- Bees Ferry Class Three Landfill Cells 3 6 Construction
- Charleston County SC
- $18,975,650
- 4/30/26
- Laurel Street Storm Water Upgrades
- Conway
- $2,289,285
- 3/26/26
- McCormick Road Relief Culverts Improvement
- Horry County SC
- $1,246,205
- 3/5/26
- Drainage Improvements Winter St
- Moncks Corner SC
- $722,380
- 2/4/26
- 25 B015R Pedestrian Improvement Seven Farms Pierview Street
- Charleston SC
- $978,110
- 1/22/26
- Imperial Drive Water Main Extension
- Berkeley County SC
- $978,110
- 1/20/26
- Willowbank Water Main Improvements 1519
- Georgetown SC
- $1,875,615
- 10/04/26
- 120
- 0%
- -
- $1,875,615
- Imperial Drive Water Main Extension
- SCDOT
- $1,298,885
- 07/11/26
- 384
- 19.8%
- $101,475
- $1,041,814
- Imperial Drive Water Main Extension
- Georgetown County Water Sewer District
- $35,000
- 07/04/26
- 120
- 69.2%
- $8,750
- $10,792
- Imperial Drive Water Main Extension
- Charleston County SC
- $18,975,650
- 06/29/26
- 120
- 73.3%
- $4,743,913
- $5,060,173
- $4,854,138
- $7,988,394


