- FW Carson Co. - NV
- 2026
- 17
- 4
- 23.53%
- $4,276,525
- 8.18%
- 30.22%
- 13.24%
- $26,347,081

FW Carson Co. will experience limited cash inflows from the **$878,640** remaining backlog, as the two active projects feature extended durations of 50 and 180 months that slow revenue recognition. Historical win rates of 16.7-30.8% provide minimal near-term replenishment potential.
Medium-term Outlook (6-12 months)
Backlog depletion is likely without a marked increase in awards, given annual low bids totaling only **$4.3M-$4.6M** in recent years. Sustained operations will depend on converting more of the **$19.5M** 2026 bid volume into executed contracts.
Key Risk Period
The 6-12 month window represents the primary risk period, as the current **$878,640** backlog offers insufficient coverage amid persistently low success rates and long project timelines.
Recommendations
Prioritize bids on shorter-duration work to accelerate cash conversion from existing backlog and raise win rates above 30%. Implement targeted cost reviews on losing bids to improve competitiveness on higher-volume opportunities.
- D2 Little Lane Rehabilitation Project 27300225
- Carson
- $1,728,568
- 10/20/26
- E Street F Street Water Main Relocation Pwp-Wa-2027-006
- Truckee Meadows Water Authority
- $840,914
- 10/13/26
- PWP-WA-2027-004 Goldenrod Drive Water Main Improvement
- Truckee Meadows Water Authority
- $2,838,874
- 10/1/26
- Keystone Avenue Water Main Replacement
- Truckee Meadows Water Authority
- $1,469,008
- 9/24/26
- IVGID Fire Hydrant Replacement
- Incline Village GID
- $449,006
- 6/18/26
- Mesa Drive Water Main Extension PWP LY 2026 187
- Fernley
- $353,353
- 5/26/26
- South Valleys Regional Park Expansion Phase 2
- Washoe County
- $4,490,447
- 5/19/26
- FY26 FY27 Drainage Roadway Improvement L Street 5th Street
- Sparks
- $2,599,240
- 4/22/26
- Industrial Way Reconstruction
- Gardnerville
- $1,829,600
- 4/13/26
- Southeast Sewer Conversion Project Phase 9B
- Carson
- $895,006
- 2/24/26
- Pembroke Main Relocation
- Truckee Meadows Water Authority
- $498,781
- 2/5/26
- L Street 5th Street Water Main Replacement
- Truckee Meadows Water Authority
- $1,507,191
- 2/4/26
- Airfield Maintenance Yard Pavement Reconstruction Phase 2
- Reno Airport
- $1,622,568
- 2/3/26
- Carter Dr Frandsen Cir Suda Way Main Replacement
- Truckee Meadows Water Authority
- $1,397,006
- 1/29/26
- Incline Ct Water Main Replacement
- Incline Village GID
- $613,821
- 1/29/26
- Roop Street Rehabilitation
- Carson
- $2,666,692
- 1/12/26
- Turbine Way Main Replacement
- Truckee Meadows Water Authority
- $547,006
- 1/8/26

