- Urban Infraconstruction Construction
- 2026
- 10
- 2
- 20.00%
- $99,662,032
- 5.55%
- 15.77%
- 9.73%
- $196,597,688

The contractor enters the period with **$108.5M** in remaining backlog, anchored by the **$68.3M** Webb IH 35 project and **$23.9M** Rockwall FM 549 project, both bid in early 2026. Recent bidding activity shows improved win rates at 22.2% on **$194.9M** total volume, supporting near-term revenue recognition. Cash flow should remain stable as these large active contracts progress.
Medium-term Outlook (6-12 months)
Execution will continue across the four active projects, with **$108.5M** total backlog providing coverage through mid-2027 at current burn rates. The 2025 and 2024 wins contribute smaller remaining balances of **$7.5M** and **$8.9M**, respectively, requiring supplementation from new awards. Overall backlog conversion should sustain operations if 2026 momentum holds.
Key Risk Period
The primary risk window emerges after 12 months if new wins do not replenish the pipeline, given historically low success rates of 7.1–9.7% in prior years and extremely extended contract durations exceeding 40 years on multiple projects. Depletion of the **$68.3M** and **$23.9M** remainings without replacement could create cash flow gaps by late 2027.
Recommendations
Prioritize aggressive bidding on high-volume TXDOT opportunities to lift annual wins above the current three per year. Monitor burn rates on long-duration contracts closely and negotiate progress payments to optimize near-term liquidity.
- Parker IH 20 0314-07-070
- TXDOT
- $16,839,039
- 8/6/26
- Teel Parkway Parking Addition
- Frisco
- $1,708,752
- 7/30/26
- West Lucas Road Reconstruction Widening
- Lucas
- $19,092,013
- 7/21/26
- PW 2027 Concrete Restoration Contract 3 City No 106806
- Fort Worth
- $2,890,270
- 7/16/26
- Upper White Rock Creek Lift Station Pump 1 2 Replacement
- North Texas Municipal Water District
- $5,441,059
- 6/19/26
- Webb IH 35 0018-06-185
- TXDOT
- $69,849,999
- 6/2/26
- Frisco Street Eldorado Pkwy Panther Creek Pkwy
- Frisco
- $15,932,478
- 5/21/26
- Bexar IH 37 0073-08-183
- TXDOT
- $34,417,509
- 5/6/26
- Rockwall FM 549 1015-01-024
- TXDOT
- $29,812,033
- 2/4/26
- Pearson Farms Pavement Improvements
- Frisco
- $614,536
- 1/20/26
- Pearson Farms Pavement Improvements
- TXDOT
- $69,849,999
- 08/01/26
- 488
- 13.1%
- $4,294,057
- $60,689,343
- Pearson Farms Pavement Improvements
- TXDOT
- $29,812,033
- 04/05/26
- 653
- 27.9%
- $1,369,619
- $21,503,013
- Pearson Farms Pavement Improvements
- Frisco
- $12,887,790
- 11/03/25
- 670
- 50.0%
- $577,065
- $6,443,895
- Pearson Farms Pavement Improvements
- Keller
- $26,359,132
- 08/17/24
- 1095
- 71.1%
- $722,168
- $7,630,909
- $6,962,909
- $96,267,160




