- AJP Electric
- 2026
- 17
- 7
- 41.18%
- $27,287,680
- 9.16%
- 14.76%
- 8.48%
- $43,013,403

AJP Electric's **$22.5M** remaining backlog supports steady near-term cash flow, driven by active projects such as Van Buren St (**$13.9M** est. remaining) and 20th St (**$5.2M** est. remaining) with 2026 bid dates. Recent bidding volume reached **$43M** but yielded only a **35.3%** success rate, limiting immediate new starts.
Medium-term Outlook (6-12 months)
Backlog from long-duration contracts (up to 548 months) will sustain operations through mid-2027, supplemented by potential awards from the **$25.8M** in 2026 low bids. Cumulative wins since 2024 total over **$57M**, providing a foundation for revenue continuity if execution remains on track.
Key Risk Period
Extended contract durations combined with the win rate decline from **53.3%** (2024) to **35.3%** (2026) create exposure to backlog depletion and cash flow gaps by late 2027.
Recommendations
Prioritize bid strategy refinements to lift success rates above **40%** and accelerate progress billing on long-duration projects to optimize working capital.
- Superior Panther Dr (SUP-0-(203)T)
- ADOT
- 8/7/26
- San Luis US 95 (SLS-0-(206)T)
- ADOT
- 7/10/26
- 32nd St Thomas Rd Intersection Safety Improvements
- Phoenix
- 6/2/26
- Van Buren St 7th St 24th St Signal Pedestrian Improvements
- Phoenix
- 5/5/26
- Somerton 15th St (SOM-0-(208)T)
- ADOT
- 5/1/26
- Yuma County 14th St Ave C (YYU-0-(224)(223)T)
- ADOT
- 2/20/26
- 20th St Grand Canal Highland Ave
- Phoenix
- 2/10/26
- Blacklidge Drive Bicycle Boulevard
- Tucson
- $2,950,806
- 8/10/26
- Superior Panther Dr (SUP-0-(203)T)
- ADOT
- $863,614
- 8/7/26
- Canyon Day SR 73 (073-A(210)T)
- ADOT
- $1,427,917
- 8/7/26
- Bus Pull Outs 16th St (YUM-0-(230)T)
- ADOT
- $302,637
- 7/31/26
- Surprise Waddell Rd Litchfield (SUR-0-(237)T)
- ADOT
- $926,095
- 7/10/26
- San Luis US 95 (SLS-0-(206)T)
- ADOT
- $1,478,023
- 7/10/26
- Apache Road West Half Watkins Road Yuma Road Roadway Improvements
- Buckeye
- $2,858,753
- 6/11/26
- 32nd St Thomas Rd Intersection Safety Improvements
- Phoenix
- $1,215,087
- 6/2/26
- Kyrene Branch Highline Canal Shared Use Paths
- Chandler
- $4,647,946
- 5/28/26
- 67th Ave & Greenway Rd Intersection Improvements
- Glendale - AZ
- $782,795
- 5/27/26
- 59th Avenue Northern Avenue Intersection Improvements
- Glendale - AZ
- $782,795
- 5/27/26
- Van Buren St 7th St 24th St Signal Pedestrian Improvements
- Phoenix
- $14,975,689
- 5/5/26
- Somerton 15th St (SOM-0-(208)T)
- ADOT
- $356,467
- 5/1/26
- Yuma County 14th St Ave C (YYU-0-(224)(223)T)
- ADOT
- $1,652,537
- 2/20/26
- 20th St Grand Canal Highland Ave
- Phoenix
- $6,746,263
- 2/10/26
- Sun City Festival Traffic Signal Intersection Improvements
- Pulte Group
- $889,182
- 1/22/26
- Kingman Airway Ave (KNG-0-(213)T)
- ADOT
- $156,797
- 1/16/26
- Superior Panther Dr (SUP-0-(203)T)
- ADOT
- $863,614
- 10/06/26
- 100
- 0%
- -
- $863,614
- San Luis US 95 (SLS-0-(206)T)
- ADOT
- $1,478,023
- 09/08/26
- 120
- 0%
- -
- $1,478,023
- Kingman Airway Ave (KNG-0-(213)T)
- Phoenix
- $1,215,087
- 08/01/26
- 180
- 18.3%
- $202,515
- $992,321
- Kingman Airway Ave (KNG-0-(213)T)
- Phoenix
- $14,975,689
- 07/04/26
- 548
- 11.1%
- $819,837
- $13,308,687
- Kingman Airway Ave (KNG-0-(213)T)
- ADOT
- $356,467
- 06/30/26
- 210
- 31.0%
- $50,924
- $246,132
- Kingman Airway Ave (KNG-0-(213)T)
- ADOT
- $1,652,537
- 04/21/26
- 300
- 45.0%
- $165,254
- $908,895
- Kingman Airway Ave (KNG-0-(213)T)
- Phoenix
- $6,746,263
- 04/11/26
- 540
- 26.9%
- $374,792
- $4,934,766
- $1,613,322
- $22,732,438

