- TWX Timber Wolf Excavating - CO
- 2026
- 22
- 3
- 13.64%
- $20,355,142
- 4.56%
- 38.12%
- 15.21%
- $116,147,139

With **$51M** remaining backlog from recently awarded projects totaling **$20.4M** in 2026 wins, cash flow should remain stable as work progresses on active contracts. Execution of the three largest 2026 awards will drive near-term billings and collections. Low recent win rates suggest limited new starts in this window.
Medium-term Outlook (6-12 months)
Bidding volume remains elevated at **$86M** YTD in 2026 with an improved **18.8%** success rate, positioning the firm to replenish backlog if conversion holds. Medium-term revenue depends on converting additional low bids amid ongoing **$51M** backlog drawdown. Sustained performance could support **$15-20M** in new awards by year-end.
Key Risk Period
The primary risk window emerges in late 2026 through early 2027 if win rates revert toward the prior **10-11%** levels, potentially creating a backlog gap after current **$51M** is substantially consumed. Extended 120-month durations on most projects may also strain cash flow timing and mobilization costs.
Recommendations
Prioritize selective bidding on higher-probability opportunities to maintain at least **15%** win rate while monitoring monthly backlog burn rate. Implement enhanced cash flow forecasting tied to long-duration contracts and consider bonding capacity reviews ahead of any volume increase.
- Region 4 SH 7 Intersection Turn Lane Improvements C C070-094 (24705)
- CDOT
- $11,058,440
- 7/23/26
- 15th Street Waterline Replacement
- Windsor
- $3,729,200
- 7/15/26
- Colorado Blvd WCR13 Realignment Construction
- Windsor
- $2,087,152
- 7/10/26
- 2026 Water Main Replacement
- Louisville
- $1,990,362
- 7/7/26
- Region 1 US 287 Intersection Improvements NHPP 2873-227 (25717)
- CDOT
- $2,951,605
- 7/2/26
- Crossroads Colorado Blvd Roundabout Construction
- Windsor
- $8,506,254
- 6/23/26
- East Sewer Interceptor North Extension
- Windsor
- $4,882,300
- 6/17/26
- 700 Block Alley South Public Road Improvements
- Lafayette
- $937,585
- 6/5/26
- Construction North 40th Avenue Roadway Segment
- Brighton
- $3,443,311
- 6/5/26
- Mall Road Waterline Looping
- Estes Park
- $2,286,591
- 5/28/26
- 5th Street Backlot Parking Lot
- Windsor
- $2,689,124
- 5/28/26
- Construction Sable Blvd Intersection Improvements
- Brighton
- $7,996,225
- 4/30/26
- 19th Street Improvements
- Glenwood Springs
- $1,197,176
- 4/8/26
- Tennessee Oneida Storm System Phase 3
- Denver
- $7,731,455
- 3/3/26
- Grandview Boulevard Improvements Phase 2
- Dacono
- $3,036,966
- 2/10/26
- Lone Tree Creek Trail Underpass Arapahoe Road MP 19 6
- Centennial
- $6,481,530
- 2/6/26
- 120th Street Multimodal Safety Improvements
- Boulder County
- $4,038,591
- 1/29/26
- Gartrell Bridge Widening
- Aurora
- $11,844,152
- 1/21/26
- WCR 54 13 Roundabout Project
- Weld County
- $14,197,526
- 1/16/26
- Coach Miller Drive 14th Street Construction
- Glenwood Springs
- $2,119,025
- 1/14/26
- Water Quality Infrastructure Improvements
- Denver International Airport
- $4,860,859
- 1/13/26
- 2025 Water Main Replacement 25 WA 01
- Arvada
- $8,081,710
- 1/13/26

