- Whitaker Construction - UT
- 2026
- 23
- 3
- 13.04%
- $23,199,284
- 10.82%
- 15.41%
- 7.62%
- $379,454,924

Steady cash flow is anticipated from the **$143M** remaining backlog, led by ongoing progress on the **$121M** I-15 Interchange project and smaller active contracts such as the Colorado River Trail. Recent 2026 wins totaling **$23M** will begin contributing modestly, though long contract durations limit near-term acceleration. Low bid success rates around 17% constrain immediate pipeline replenishment.
Medium-term Outlook (6-12 months)
Additional revenue recognition is expected as the La Verkin Pond Pipeline (**$12.5M**) and other 2026 awards advance, supporting backlog conversion from the current **$143M** total. However, the dominance of extended-duration projects may slow cash conversion cycles. Sustained bidding activity at 2025-2026 levels could stabilize workload if win rates improve modestly.
Key Risk Period
The 12-24 month horizon represents the primary risk window due to heavy reliance on a single **$121M** project with a 1220-month duration, exposing the firm to potential delays, retention holds, or change-order disputes. Combined with historically low success rates (16.7-17.9%), failure to secure new awards could create backlog gaps.
Recommendations
Focus bidding resources on higher-probability opportunities to lift success rates above 20% while implementing rigorous monthly cash-flow forecasting on long-duration contracts. Maintain liquidity buffers to cover extended billing cycles inherent in the **$143M** backlog.
- US 89 Wildlife Crossings Fencing MP 48 56 F-0089(619)48
- UDOT
- $6,953,027
- 9/3/26
- I 15 SB Passing Lane MP 15 0 20 3 S-I15-1(143)17
- UDOT
- $16,638,693
- 8/25/26
- Provo River Trail Central Improvements Sewer Water Main
- Provo
- $8,928,527
- 8/24/26
- Tooele WRF 2026 Upgrades
- Tooele
- $10,488,417
- 8/19/26
- Meadowbrook Sewer Replacement
- Taylorsville-Bennion
- $904,600
- 8/13/26
- Farm Creek Irrigation Company Farm Creek Canal Rehabilitation
- Tabiona
- $4,908,935
- 8/8/26
- IFB George Washington Blvd Construction Virgin River Bridge River Road
- City of St. George
- $13,938,232
- 8/6/26
- Chief Toquer Pump Station
- Washington County
- $2,299,125
- 7/28/26
- BFP Carbon County Bridge Replacement 007027C F-LC07(16)
- UDOT
- $1,749,560
- 7/2/26
- La Verkin Pond Pipeline
- Washington County Water Conservancy District
- $12,488,518
- 6/30/26
- Park City Heights Studio Crossings Water Line
- Park City
- $1,269,990
- 6/25/26
- I 15 Add SB Lane MP 38 Mp 43 S-I15-1(137)38
- UDOT
- $28,259,393
- 6/23/26
- Quail Creek Water Treatment Plant 90 Mgd Expansion Ozone Addition Phase 3
- Washington County Water Conservancy District
- $114,255,440
- 5/28/26
- Iron Springs Road Reconstruct F-LC21(21)
- UDOT
- $5,605,412
- 5/5/26
- I 80 MP 131 180 Culvert Rehab F-I80-3(224)131
- UDOT
- $991,576
- 5/5/26
- Country Club Water Tank
- St George
- $3,386,127
- 4/28/26
- SR 177 SR 193 1800 N S-R199(381)
- UDOT
- $119,336,917
- 4/21/26
- SR 16 Bridges Culverts Replacement F-0016(12)7
- UDOT
- $7,418,701
- 3/24/26
- JBWRF Improvements
- Jordan Basin Improvement District
- $3,941,214
- 3/2/26
- SR 7 Passing Lane MP 15 8 17 5 F-0007(31)15
- UDOT
- $2,695,345
- 2/19/26
- Provo Westside Sewer Outfall Lakeview Parkway Gravity Sewer 620 N Bulldog Lane
- Provo
- $4,199,250
- 2/18/26
- Virgin River South Trail Phase 3 Sewer Expansion
- St George
- $2,644,895
- 1/15/26
- UTN Colorado River Trail Gap S-TR04(4)
- UDOT
- $9,719,190
- 1/15/26
- 7800 S SR154 Sewer Upgrade WJPU25120501
- West Jordan
- $1,342,775
- 1/7/26
- 7800 S SR154 Sewer Upgrade WJPU25120501
- Washington County Water Conservancy District
- $12,488,518
- 08/29/26
- 120
- 10.8%
- $3,122,130
- $11,135,595
- 7800 S SR154 Sewer Upgrade WJPU25120501
- UDOT
- $991,576
- 07/04/26
- 80
- 86.3%
- $371,841
- $136,342
- 7800 S SR154 Sewer Upgrade WJPU25120501
- UDOT
- $9,719,190
- 03/16/26
- 300
- 59.7%
- $971,919
- $3,920,073
- 7800 S SR154 Sewer Upgrade WJPU25120501
- UDOT
- $5,998,190
- 01/17/26
- 560
- 42.3%
- $321,332
- $3,459,670
- 7800 S SR154 Sewer Upgrade WJPU25120501
- UDOT
- $207,440,964
- 03/24/25
- 1220
- 43.9%
- $5,101,007
- $116,302,967
- $9,888,229
- $134,954,647

