- Kenny Seng Construction KSC
- 2026
- 7
- 1
- 14.29%
- $11,230,976
- 7.13%
- 9.55%
- 6.41%
- $20,071,698

With only **$4.9M** in remaining backlog from the Springville project, cash flow will remain constrained as revenue recognition proceeds slowly over the 250-month contract duration. No other active projects exist to supplement inflows during this window.
Medium-term Outlook (6-12 months)
Bidding results show high volatility, including a 0% success rate in 2025 and just one win (**$11.2M**) in 2026, leaving limited visibility into new backlog additions. Sustained revenue will depend on converting a higher share of the current bid pipeline.
Key Risk Period
The 6-12 month horizon represents the primary risk window, as the existing **$4.9M** backlog could be exhausted without new contract awards to maintain operations.
Recommendations
Prioritize aggressive bidding on additional UT projects while tightening cost estimates to improve the 14.3% success rate and rebuild backlog above **$15M**. Monitor monthly burn rates on the Springville job to preserve liquidity.
- Mona Main Street Improvements F-1826(5)4
- UDOT
- $1,474,832
- 5/7/26
- Verk Drive
- Spanish Fork
- $3,131,164
- 4/21/26
- 400 N Main St 200 W Waterline Replacement
- Spanish Fork
- $343,515
- 2/19/26
- SR 7 Passing Lane MP 15 8 17 5 F-0007(31)15
- UDOT
- $2,237,916
- 2/19/26
- Vineyard Regional Trail Enhancements F-R399(425)
- UDOT
- $963,415
- 2/19/26
- Salem East Pump Station PRV
- Salem
- $689,880
- 2/5/26
- Springville 1600 S Phase 3 1200 W SR-51 F-I15-6(276)1
- UDOT
- $11,230,976
- 1/22/26

