- Ames Construction - AZ
- 2026
- 15
- 4
- 26.67%
- $140,796,826
- 2.28%
- 33.04%
- 13.75%
- $239,525,921
- Ames Construction - CA
- 2026
- 8
- 0
- 0.00%
- $0
- 0.00%
- 15.54%
- 8.92%
- $594,113,846
- Ames Construction - UT
- 2026
- 4
- 2
- 50.00%
- $25,118,103
- 23.70%
- 17.40%
- 15.38%
- $187,753,645
- Ames Construction - NV
- 2026
- 1
- 1
- 100.00%
- $126,792,681
- 18.72%
- 0.00%
- 18.72%
- $126,792,681
- Ames Construction - CO
- 2026
- 7
- 2
- 28.57%
- $81,534,800
- 5.65%
- 9.77%
- 6.18%
- $274,848,135
- Ames Construction - NM
- 2026
- 1
- 0
- 0.00%
- $0
- 0.00%
- 0.00%
- 0.00%
- $40,351,020
- Ames Construction - NC
- 2026
- 1
- 0
- 0.00%
- $0
- 0.00%
- 10.14%
- 2.12%
- $85,930,041

The **$126.8M** Washoe County win with **$72.8M** remaining will initiate ramp-up and generate initial cash inflows, supported by the **$9.1M** residual from the Garnet Valley project for a total **$82M** backlog. Steady monthly billings are expected given the 350-month duration.
Medium-term Outlook (6-12 months)
Execution of the **$126.8M** project will sustain revenue recognition and backlog drawdown through the next year, with average 18.72% left on low providing margin buffer. Cash flow should stabilize as the contractor shifts from zero wins in 2024-2025 to active performance.
Key Risk Period
Over-reliance on a single **$126.8M** award after 0% success rates in prior years creates vulnerability if progress stalls or claims arise during the extended 350-month timeline. The 1400-month legacy contract adds minimal near-term support.
Recommendations
Prioritize aggressive bidding to rebuild pipeline beyond the current **$82M** backlog and implement monthly cash flow tracking on the Washoe project. Secure additional bonding capacity to support growth.


