- Kilgore - UT
- 2026
- 45
- 12
- 26.67%
- $19,365,426
- 3.97%
- 18.02%
- 9.60%
- $74,828,055
- Kilgore - CO
- 2026
- 5
- 2
- 40.00%
- $16,579,659
- 8.38%
- 0.00%
- 0.00%
- $36,887,523

The **$105.6M** remaining backlog, anchored by recent 2025-2026 wins including the **$18.1M** and **$11.2M** projects, supports steady cash inflows from active resurfacing contracts. Multiple jobs with 90-240 month durations will drive consistent billings through year-end. 40% success rate on 2026 bids reinforces near-term revenue visibility.
Medium-term Outlook (6-12 months)
Execution of the **$34.3M** 2025 low bids and **$16.6M** 2026 awards will sustain workload, though extended contract durations may stretch collections. Average margins of 6-8% on low bids provide modest profit contribution as projects advance. Backlog burn rate appears manageable given current pipeline.
Key Risk Period
The 12-18 month window poses the greatest exposure if 2026 bidding volume (only 5 jobs) fails to replenish backlog, risking revenue gaps after current large contracts wind down. Prolonged durations heighten sensitivity to payment delays or cost overruns.
Recommendations
Target 8-10 bids per quarter with focus on shorter-duration work to accelerate cash conversion. Monitor margin retention closely and maintain backlog above **$80M** through selective pursuit of high-probability opportunities.
- Region 3 SH 386 US 50 Resurfacing STR 348A-001 (25237Combo)
- CDOT
- $12,165,544
- 6/18/26
- Region 3 I70 Resurfacing NHPP 0701-263 (27298)
- CDOT
- $5,351,755
- 5/7/26
- Region 3 US 6 HMA Resurfacing NHPP 006A-080 (27237)
- CDOT
- $3,276,579
- 3/19/26
- Region 3 US 40 HMA Resurfacing Guardrail Improvements NHPP 0403-072 (26449)
- CDOT
- $4,865,741
- 2/19/26
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $11,227,904
- 1/8/26
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $5,351,755
- 07/06/26
- 90
- 22.2%
- $1,783,918
- $4,162,476
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $11,227,904
- 03/09/26
- 240
- 57.5%
- $1,403,488
- $4,771,859
- Region 5 US 160 Surface Treatment NHPP 1602-184 (24662)
- CDOT
- $18,121,443
- 02/02/26
- 365
- 47.4%
- $1,489,434
- $9,532,375
- $4,676,840
- $18,466,710

