- Rapid Construction (Rapid General)
- 2026
- 10
- 1
- 10.00%
- $678,876
- 2.30%
- 22.38%
- 9.53%
- $14,403,166

Rapid Construction maintains a **$15.3M** remaining backlog concentrated in long-duration (60-120 month) infrastructure projects, supporting steady but slow cash flow recognition. The 2026 win rate has fallen to 10% with only a single **$679k** award, limiting near-term revenue acceleration from new starts.
Medium-term Outlook (6-12 months)
Backlog from 2024-2025 awards totaling **$10.4M** will sustain operations, yet the declining success rate (20% in 2025) and reduced bidding volume signal potential gaps in replenishment. Extended contract durations constrain cash flow velocity through this window.
Key Risk Period
Beyond 12 months, as older projects conclude without adequate new wins at the current 10% success rate, backlog depletion creates elevated cash flow and operational risk.
Recommendations
Target improved bid qualification to raise win rates above 20% and prioritize shorter-duration contracts to accelerate cash conversion from the **$15.3M** backlog.
- IVGID Fire Hydrant Replacement
- Incline Village GID
- $560,054
- 6/18/26
- FY26 FY27 Drainage Roadway Improvement L Street 5th Street
- Sparks
- $2,567,765
- 4/22/26
- 2026 CDBG Phase 3 12th 13th Street
- Sparks
- $732,237
- 4/16/26
- Southeast Sewer Conversion Project Phase 9B
- Carson
- $678,876
- 2/24/26
- L Street 5th Street Water Main Replacement
- Truckee Meadows Water Authority
- $1,432,234
- 2/4/26
- Carter Dr Frandsen Cir Suda Way Main Replacement
- Truckee Meadows Water Authority
- $1,397,793
- 1/29/26
- Incline Ct Water Main Replacement
- Incline Village GID
- $925,529
- 1/29/26
- West Carson Vulnerable Pedestrian Safety Improvement
- Carson
- $2,111,110
- 1/13/26
- Roop Street Rehabilitation
- Carson
- $3,120,890
- 1/12/26
- Turbine Way Main Replacement
- Truckee Meadows Water Authority
- $876,678
- 1/8/26

