- Black Forest Paving
- 2026
- 40
- 13
- 32.50%
- $7,506,278
- 7.92%
- 9.48%
- 10.36%
- $35,293,912

Current backlog of **$3.95M** across nine active projects provides limited near-term revenue visibility, with several large contracts such as Pioneer Road Improvements (**$1.19M** remaining) driving execution. Success rate has declined sharply to **25.7%** in 2026 from **40%** in 2025, constraining new awards. Cash flow will remain stable but thin as projects with 120-month durations progress slowly.
Medium-term Outlook (6-12 months)
Backlog depletion is likely without improved bidding performance, as 2026 low-bid volume fell to **$6.45M** versus **$16.5M** in 2025. The elevated **8.33%** average left on low bids signals margin pressure that could erode profitability on future work. Sustained operations will require winning a larger share of the **$32.6M** total bids submitted this year.
Key Risk Period
The 6-12 month window presents the highest risk as current backlog runs off and the reduced win rate limits replenishment. Prolonged low success (**25.7%**) combined with higher bid margins left could trigger cash flow shortfalls if no new contracts materialize by late 2026.
Recommendations
Prioritize bid selection to lower the **8.33%** average left on low and target higher-probability opportunities. Accelerate pursuit of shorter-duration projects to improve cash conversion and rebuild backlog above **$10M** within the next two quarters.
- City Hall Parking Lot Expansion
- Draper
- 8/31/26
- 2602 076 Juab Co 4 Mile Cutoff Rd W Sheep Ln
- Nephi
- 8/13/26
- Juab County Four Mile Cutoff Road Sheep Lane
- Juab County
- 8/12/26
- ITB 2026 12 12000 South Road Improvements
- Utah County
- 6/9/26
- Pacific Ave Trail Road Improvements
- North Salt Lake
- 5/26/26
- ITB 2026 7 Soldier Pass Road Improvements
- Utah County
- 5/26/26
- IFB Whittier Elementary Asphalt
- Salt Lake School District
- 5/22/26
- Pioneer Road Improvements
- Draper
- 5/13/26
- 2026 Overlay Reconstruction
- Summit County
- 5/5/26
- 2026 10400 N Road Improvement
- Highland
- 4/28/26
- 2026 Frontage Rd Asphalt Mill Overlay
- Springville
- 4/20/26
- 2026 Street Reconstruction
- Bountiful
- 3/17/26
- 2026 Holladay Mill Overlay
- Holladay
- 2/19/26
- Lower Provo River Parkway Improvements
- Utah County
- $1,649,531
- 9/9/26
- City Hall Parking Lot Expansion
- Draper
- $168,036
- 8/31/26
- 2602 076 Juab Co 4 Mile Cutoff Rd W Sheep Ln
- Nephi
- $367,182
- 8/13/26
- Juab County Four Mile Cutoff Road Sheep Lane
- Juab County
- $367,182
- 8/12/26
- 2026 Santaquin Road
- Santaquin
- $1,203,767
- 7/15/26
- ITB 2026 11 9600 South Road Improvements
- Utah County
- $1,590,238
- 7/14/26
- GJ26 164 Fruit Heights Citywide Street Maintenance Asphalt Resurfacing
- Fruit Heights
- $588,396
- 7/8/26
- Construction Prequalified Paving Site Civil Stage II TSOB North Area Pavement Upgrade
- DFCM
- $2,127,782
- 6/16/26
- ITB 2026 12 12000 South Road Improvements
- Utah County
- $368,864
- 6/9/26
- 500 W 4500 S 4800 S Mill Overlay
- Murray
- $556,789
- 6/9/26
- ITB 2026 7 Soldier Pass Road Improvements
- Utah County
- $433,565
- 5/26/26
- Pacific Ave Trail Road Improvements
- North Salt Lake
- $249,814
- 5/26/26
- IFB Indian Hills Elementary Asphalt
- Salt Lake School District
- $211,818
- 5/22/26
- IFB Uintah Elementary Asphalt
- Salt Lake School District
- $325,090
- 5/22/26
- IFB Whittier Elementary Asphalt
- Salt Lake School District
- $353,701
- 5/22/26
- Pioneer Road Improvements
- Draper
- $1,585,837
- 5/13/26
- 2026 Overlay
- Sandy
- $811,075
- 5/13/26
- Fashion Boulevard 5600 S 6100 S Mill Overlay
- Murray
- $664,818
- 5/5/26
- 2026 Overlay Reconstruction
- Summit County
- $1,501,416
- 5/5/26
- Overlays FY 2027 Road Maintenance
- Farmington - UT
- $643,253
- 4/30/26
- 2026 10400 N Road Improvement
- Highland
- $353,747
- 4/28/26
- Beacon Heights Elementary Asphalt
- Salt Lake School District
- $103,365
- 4/23/26
- L Street Reconstruction
- Salt Lake
- $1,702,259
- 4/22/26
- 2026 Road Preservation
- Highland
- $1,229,985
- 4/21/26
- 2026 Frontage Rd Asphalt Mill Overlay
- Springville
- $152,259
- 4/20/26
- RDW25059 Pavement Overlays 2026
- Salt Lake
- $1,451,092
- 4/15/26
- Combined City Overlay 2026
- Spanish Fork
- $957,553
- 4/14/26
- McMullin Subdivision Overlay
- South Jordan
- $42,003
- 4/8/26
- Fruit Heights City Charlais Drive Daniel Drive Street Maintenance
- Fruit Heights
- $124,647
- 4/7/26
- 2026 Street Rebuild Scenic Hills Woodhill Oakwood Oak View
- North Salt Lake
- $593,478
- 3/31/26
- 2026 Street Rebuild Cutler Durham Stonehenge Longleaf
- North Salt Lake
- $555,645
- 3/31/26
- 2026 Street Reconstruction
- Bountiful
- $831,415
- 3/17/26
- Cottonwood Winchester Mill Overlay
- Murray
- $1,368,273
- 3/3/26
- 2026 Holladay Mill Overlay
- Holladay
- $773,260
- 2/19/26
- SLCo PAR128099 Utah Salt Lake Canal Trail Phase 6 CONST
- Salt Lake County
- $1,621,518
- 2/18/26
- City Hall Parking Lot Reconstruction
- West Valley
- $1,176,226
- 2/10/26
- Asphalt Overlay Project
- Taylorsville
- $1,247,633
- 2/4/26
- Pleasant Grove City Battle Creek Trailhead Parking Lot Improvements
- Pleasant Grove
- $1,158,930
- 1/29/26
- 2026 Roadway Project
- Orem
- $1,858,590
- 1/28/26
- Mitchell Hollow Trail
- Highland
- $2,223,880
- 1/8/26
- City Hall Parking Lot Expansion
- Draper
- $168,036
- 10/30/26
- 120
- 0%
- -
- $168,036
- 2602 076 Juab Co 4 Mile Cutoff Rd W Sheep Ln
- Nephi
- $367,182
- 10/12/26
- 120
- 0%
- -
- $367,182
- Juab County Four Mile Cutoff Road Sheep Lane
- Juab County
- $367,182
- 10/11/26
- 120
- 0%
- -
- $367,182
- Mitchell Hollow Trail
- Utah County
- $368,864
- 08/08/26
- 120
- 42.5%
- $92,216
- $212,097
- Mitchell Hollow Trail
- Utah County
- $433,565
- 07/25/26
- 120
- 54.2%
- $108,391
- $198,717
- Mitchell Hollow Trail
- North Salt Lake
- $249,814
- 07/25/26
- 120
- 54.2%
- $62,454
- $114,498
- Mitchell Hollow Trail
- Salt Lake School District
- $353,701
- 07/21/26
- 120
- 57.5%
- $88,425
- $150,323
- Mitchell Hollow Trail
- Draper
- $1,585,837
- 07/12/26
- 120
- 65.0%
- $396,459
- $555,043
- Mitchell Hollow Trail
- Summit County
- $1,501,416
- 07/04/26
- 120
- 71.7%
- $375,354
- $425,401
- Mitchell Hollow Trail
- Highland
- $353,747
- 06/27/26
- 120
- 77.5%
- $88,437
- $79,593
- Mitchell Hollow Trail
- Springville
- $152,259
- 06/19/26
- 120
- 84.2%
- $38,065
- $24,108
- $1,249,801
- $2,662,180

