- ITG Communications
- 2026
- 10
- 3
- 30.00%
- $46,049,730
- 11.28%
- 19.89%
- 17.91%
- $103,743,297

ITG holds a **$9.6M** backlog from two 2026 awards with 120-month durations, implying minimal revenue recognition and cash inflows in the near term due to slow mobilization. Limited 2025 bidding activity and a 28.6% 2026 win rate further constrain pipeline conversion.
Medium-term Outlook (6-12 months)
Project execution on the **$9.6M** backlog should generate steady but modest cash flows as work ramps, supported by full remaining values on both contracts. Sustained bidding at 2026 volumes will be required to replenish backlog beyond the current low-success environment.
Key Risk Period
The 120-month contract durations create extended cash flow exposure, with risk peaking in the first 12-24 months before meaningful progress billings materialize and margins stabilize.
Recommendations
Prioritize bids with shorter durations to accelerate cash conversion; target a 50%+ win rate improvement through refined estimating to build backlog above **$15M** within 12 months.
- SRF Pine Ave Force Main Extension
- Green Cove Springs
- $3,890,774
- 9/3/26
- North 3 Utilities Extension UEP Contract 4 Area 906 907
- Cape Coral
- $36,420,723
- 8/11/26
- 2026 ITB CP 022 JM North 3 Utilities Extension UEP Contract 3 Area 903 905
- Cape Coral
- $43,595,425
- 7/29/26
- Floridan Raw Watermain Extension TFRO 8
- Martin County
- $546,262
- 7/15/26
- Water Main Replacement Program Phase 8B
- Venice
- $3,096,546
- 7/10/26
- Y26 749 EB Alafaya Trail Force Main Air Release Valves Replacement SR50 EWRF
- Orange County - FL
- $6,532,461
- 6/25/26
- Shipyard Pavement Improvement Project Area 1
- St. Lucie County
- $3,002,886
- 6/17/26
- Sebastian Seville Seawall Replacement
- Fort Lauderdale
- $1,716,108
- 2/12/26
- 01 25 26 South Drive Drainage Roadway Improvement
- Miami Springs
- $2,361,984
- 2/10/26
- 2025 Parts A D Water Main Improvements
- Deland
- $2,580,128
- 1/13/26
- North 3 Utilities Extension UEP Contract 4 Area 906 907
- Cape Coral
- $36,420,723
- 10/10/26
- 720
- 0%
- -
- $36,420,723
- Water Main Replacement Program Phase 8B
- Venice
- $3,096,546
- 09/08/26
- 120
- 0%
- -
- $3,096,546
- 2025 Parts A D Water Main Improvements
- Orange County - FL
- $6,532,461
- 08/24/26
- 120
- 9.2%
- $1,633,115
- $5,933,652
- $1,633,115
- $45,450,921


