- BH Incorporated BHICO - UT
- 2026
- 95
- 11
- 11.58%
- $33,413,004
- 4.65%
- 37.94%
- 18.11%
- $261,845,162
- BH Incorporated BHICO - TX
- 2026
- 1
- 0
- 0.00%
- $0
- 0.00%
- 43.32%
- 10.59%
- $1,649,950

BH Incorporated maintains a limited active backlog of **$17.6M** across six projects, with several recent 2026 awards such as the **$10.6M** Zion Canyon Fiber Optics project providing initial revenue streams. The 11.9% success rate on **$215M** in 2026 bids suggests constrained new contract starts, potentially pressuring short-term cash flow amid long 105-220 month durations.
Medium-term Outlook (6-12 months)
Backlog conversion from the **$17.6M** remaining could support steady but modest execution through mid-2027, supplemented by potential wins from ongoing high-volume bidding activity seen in prior years totaling over **$624M**. Sustained 12% win rates may limit backlog growth unless project margins improve beyond the current 5-7% averages left on low bids.
Key Risk Period
The period beyond 12 months poses elevated risk as current long-duration projects deplete without a larger pipeline, given the modest **$32M** in 2026 low bids and declining success rates from 16.7% in 2024.
Recommendations
Prioritize targeted bidding on shorter-duration contracts to accelerate backlog replenishment and improve cash conversion cycles. Monitor monthly burn rates against the **$17.6M** backlog to identify early liquidity gaps.
- EMC Cory Wride Phase 2 South Lot
- Eagle Mountain
- 6/10/26
- NS26 146 Ashley Valley Water Sewer Improvement District 500 North Waterline Replacement
- Ashley Valley WSID
- 6/10/26
- US 89 Barrier Upgrades S-R399(499)
- UDOT
- 6/4/26
- Zion Canyon Fiber Optics Phase 2 US 89 SR 20 F-R499(541)
- UDOT
- 5/28/26
- Fairgrounds Road Carbon Co F-1322(2)2
- UDOT
- 5/19/26
- Mona Main Street Improvements F-1826(5)4
- UDOT
- 5/7/26
- Zion Canyon Fiber Optics F-ST99(1012)
- UDOT
- 4/7/26
- Provo Westside Sewer Outfall Lakeview Parkway Gravity Sewer 620 N Bulldog Lane
- Provo
- 2/18/26
- City Hall Parking Lot Reconstruction
- West Valley
- 2/10/26
- 2026 Roadway Project
- Orem
- 1/28/26
- Road Overlay Project
- Tooele County
- 1/23/26
- US 89 Wildlife Crossings Fencing MP 48 56 F-0089(619)48
- UDOT
- $9,606,869
- 9/3/26
- I 15 SB Passing Lane MP 15 0 20 3 S-I15-1(143)17
- UDOT
- $17,003,823
- 8/25/26
- SR 198 Spanish Fork Main US 6 F-0198(46)12
- UDOT
- $3,213,794
- 8/20/26
- 2026 Slate Canyon Storm Drain Improvements
- Provo
- $770,178
- 8/20/26
- 2602 076 Juab Co 4 Mile Cutoff Rd W Sheep Ln
- Nephi
- $417,238
- 8/13/26
- Juab County Four Mile Cutoff Road Sheep Lane
- Juab County
- $417,238
- 8/12/26
- SR 134 2200 South Improvements F-0134(37)2
- UDOT
- $682,186
- 8/11/26
- Farm Creek Irrigation Company Farm Creek Canal Rehabilitation
- Tabiona
- $2,716,241
- 8/8/26
- American Fork Art Dye Trail F-R399(293)
- UDOT
- $844,369
- 8/6/26
- Chief Toquer Pump Station
- Washington County
- $2,987,425
- 7/28/26
- Road Improvement 2026
- Independence
- $289,316
- 7/23/26
- 3000 West Road Improvements F-1584(3)5
- UDOT
- $1,999,922
- 7/21/26
- 2026 Santaquin Road
- Santaquin
- $1,435,861
- 7/15/26
- ITB 2026 11 9600 South Road Improvements
- Utah County
- $1,811,200
- 7/14/26
- GJ26 161 Virgin Town 2026 2027 Road Improvement Paving Crack Seal Chip Seal
- Virgin Town
- $716,065
- 7/14/26
- NS26 148 Hinckley Town Sewer Lagoon Improvements Phase 1
- Hinckley
- $1,347,105
- 7/10/26
- UTN Jordan River Pkwy Trail Connection 1300 W S-TR02(2)
- UDOT
- $574,495
- 7/9/26
- GJ26 164 Fruit Heights Citywide Street Maintenance Asphalt Resurfacing
- Fruit Heights
- $664,362
- 7/8/26
- US 89 Passing Lanes Near Hatch S-0089(571)117
- UDOT
- $9,813,939
- 7/7/26
- 400 West Maintenance Partial Reconstruction F-2549(2)1
- UDOT
- $1,729,456
- 7/7/26
- La Verkin Pond Pipeline
- Washington County Water Conservancy District
- $13,605,000
- 6/30/26
- 2026 Overlay
- West Jordan
- $2,628,978
- 6/17/26
- Construction Prequalified Paving Site Civil Stage II TSOB North Area Pavement Upgrade
- DFCM
- $2,510,513
- 6/16/26
- SR 112 600 W S-0112(15)7
- UDOT
- $1,063,948
- 6/11/26
- EMC Cory Wride Phase 2 South Lot
- Eagle Mountain
- $1,296,724
- 6/10/26
- NS26 146 Ashley Valley Water Sewer Improvement District 500 North Waterline Replacement
- Ashley Valley WSID
- $467,855
- 6/10/26
- ITB 2026 12 12000 South Road Improvements
- Utah County
- $414,780
- 6/9/26
- 500 W 4500 S 4800 S Mill Overlay
- Murray
- $627,116
- 6/9/26
- US 89 Barrier Upgrades S-R399(499)
- UDOT
- $672,211
- 6/4/26
- NS26 136 Ballard City 1000 South Connector
- Ballard
- $3,480,249
- 6/1/26
- Zion Canyon Fiber Optics Phase 2 US 89 SR 20 F-R499(541)
- UDOT
- $9,199,845
- 5/28/26
- The Peak Complex Phase IV Construction
- Tooele County
- $9,056,158
- 5/27/26
- Pacific Ave Trail Road Improvements
- North Salt Lake
- $349,342
- 5/26/26
- ITB 2026 7 Soldier Pass Road Improvements
- Utah County
- $499,017
- 5/26/26
- 2026 Providence Dr Rehabilitation
- Saratoga Springs
- $220,648
- 5/26/26
- 2040 E 400 N Roundabout
- Spanish Fork
- $1,858,013
- 5/21/26
- Fairgrounds Road Carbon Co F-1322(2)2
- UDOT
- $920,228
- 5/19/26
- Steinaker Service Canal Trail Phase One S-TR03(2)
- UDOT
- $2,866,748
- 5/14/26
- Pioneer Road Improvements
- Draper
- $1,897,334
- 5/13/26
- 2026 Overlay
- Sandy
- $1,097,219
- 5/13/26
- 400 East 100 South Pages Lane F-1388(1)4
- UDOT
- $2,130,000
- 5/12/26
- Mona Main Street Improvements F-1826(5)4
- UDOT
- $1,347,405
- 5/7/26
- 2200 South Reconstruction
- Clearfield
- $939,692
- 5/7/26
- 3600 West 2600 N 1975 N Plain City F-3370(1)0
- UDOT
- $3,389,739
- 5/5/26
- Fashion Boulevard 5600 S 6100 S Mill Overlay
- Murray
- $723,730
- 5/5/26
- 2026 Overlay Reconstruction
- Summit County
- $1,755,766
- 5/5/26
- Overlays FY 2027 Road Maintenance
- Farmington - UT
- $680,903
- 4/30/26
- Lost Creek Road Improvements
- Salina
- $1,427,735
- 4/22/26
- Verk Drive
- Spanish Fork
- $3,055,963
- 4/21/26
- 2026 Frontage Rd Asphalt Mill Overlay
- Springville
- $179,269
- 4/20/26
- RDW25059 Pavement Overlays 2026
- Salt Lake
- $1,787,880
- 4/15/26
- Combined City Overlay 2026
- Spanish Fork
- $909,542
- 4/14/26
- 1300 West 9000 South 7800 South F-2066(4)7
- UDOT
- $6,783,455
- 4/9/26
- McMullin Subdivision Overlay
- South Jordan
- $50,261
- 4/8/26
- Zion Canyon Fiber Optics F-ST99(1012)
- UDOT
- $10,592,146
- 4/7/26
- I 80 Fiber Upgrade Lambs to US-40 F-I80-3(225)136
- UDOT
- $733,274
- 4/7/26
- Saratoga Road 145 North Widening
- Saratoga Springs
- $12,421,188
- 4/7/26
- 2026 Street Rebuild Scenic Hills Woodhill Oakwood Oak View
- North Salt Lake
- $613,488
- 3/31/26
- 2026 Street Rebuild Cutler Durham Stonehenge Longleaf
- North Salt Lake
- $565,621
- 3/31/26
- Jurassic US 40 Fiber Optics Segment D F-0040(251)125
- UDOT
- $4,414,609
- 3/26/26
- SR 131 Harmon Day Drive SR 140 F-0131(4)1
- UDOT
- $1,902,331
- 3/24/26
- SR 60 Round About Ritter Drive Riverdale F-LC57(45)
- UDOT
- $1,244,939
- 3/19/26
- SR 121 500 N1500 W Intersection F-0121(32)
- UDOT
- $1,181,300
- 3/19/26
- SA009 37th St Brinker Van Buren Sewer
- Ogden
- $246,807
- 3/19/26
- 2026 Street Reconstruction
- Bountiful
- $1,016,346
- 3/17/26
- SR 132 Improvements MP 38 1 Nebo Loop Rd F-0132(32)38
- UDOT
- $4,010,980
- 3/12/26
- Tabiona Sidewalk Improvements Phase II F-R399(449)
- UDOT
- $379,373
- 3/12/26
- GJ26 103 Kaysville City Kings Court Waterline
- Kaysville
- $11,704,462
- 3/11/26
- Cottonwood Winchester Mill Overlay
- Murray
- $1,386,000
- 3/3/26
- GJ26 96 Ephraim City Street Seal Overlay
- Ephraim
- $438,690
- 3/3/26
- 2026 Street 1 5 Inch Overlay Chip Seal
- Ephraim
- $438,690
- 3/3/26
- 2026 Holladay Mill Overlay
- Holladay
- $881,053
- 2/19/26
- Vineyard Regional Trail Enhancements F-R399(425)
- UDOT
- $971,926
- 2/19/26
- Provo Westside Sewer Outfall Lakeview Parkway Gravity Sewer 620 N Bulldog Lane
- Provo
- $3,555,555
- 2/18/26
- 100 North Water Sewer Reconstruction
- Vernal
- $5,141,840
- 2/17/26
- SA009 CIP 12th St Century Dr Phase 1
- Ogden
- $2,628,041
- 2/17/26
- Jurassic US 40 Fiber Optics Segment C F-0040(250)86
- UDOT
- $5,113,274
- 2/10/26
- City Hall Parking Lot Reconstruction
- West Valley
- $1,137,908
- 2/10/26
- SR 67 Widening S-R199(419)
- UDOT
- $1,021,125
- 2/5/26
- Three Gates Trail HAFB F-R199(399)
- UDOT
- $1,021,125
- 2/5/26
- Jurassic US 40 Fiber Optics Segment B F-0040(249)51
- UDOT
- $5,470,209
- 2/5/26
- Payson 100 South Improvements
- Payson UT
- $292,054
- 2/5/26
- Asphalt Overlay Project
- Taylorsville
- $1,281,645
- 2/4/26
- Pleasant Grove City 800 North Area Waterline Drainage Roadway Reconstruction
- Pleasant Grove
- $5,157,461
- 2/3/26
- RCUT US 91 SR 23 F-0091(109)16
- UDOT
- $4,917,449
- 2/3/26
- 2026 Roadway Project
- Orem
- $1,780,551
- 1/28/26
- Road Overlay Project
- Tooele County
- $2,442,576
- 1/23/26
- Uintah Basin Irrigation Company North Pipeline Pond
- Uintah County
- $1,261,417
- 1/22/26
- Springville 1600 S Phase 3 1200 W SR-51 F-I15-6(276)1
- UDOT
- $13,239,059
- 1/22/26
- 450 East Widening Project Phase 2
- North Ogden
- $1,786,691
- 1/22/26
- WU015 4275 S Water Main Replacement
- Ogden
- $622,248
- 1/21/26
- 2026 Asphalt Overlay
- West Valley
- $4,869,736
- 1/13/26
- Chimes View Riverdale Rd Country Club Dr F-3354(4)0
- UDOT
- $2,559,585
- 1/8/26
- I 70 Box Beam Phase 5 F-I70-2(71)66
- UDOT
- $2,822,003
- 1/8/26
- Jensen Water Improvement District Redwash Road Improvements
- Jensen Water Improvement District
- $449,530
- 1/7/26
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $1,912,750
- 1/6/26
- Browns Park Road Improvements Phase 6 F-1364(7)0
- Eagle Mountain
- $1,296,724
- 08/09/26
- 120
- 27.5%
- $324,181
- $940,125
- Browns Park Road Improvements Phase 6 F-1364(7)0
- Ashley Valley WSID
- $467,855
- 08/09/26
- 120
- 28.3%
- $116,964
- $335,296
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $672,211
- 08/03/26
- 120
- 32.5%
- $168,053
- $453,742
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $9,199,845
- 07/27/26
- 170
- 27.1%
- $1,623,502
- $6,710,475
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $920,228
- 07/18/26
- 105
- 52.4%
- $262,922
- $438,204
- Browns Park Road Improvements Phase 6 F-1364(7)0
- UDOT
- $10,592,146
- 06/06/26
- 220
- 44.1%
- $1,444,384
- $5,921,973
- $3,940,006
- $14,799,815



