- Elite Surface Infrastructure ESI
- 2026
- 29
- 3
- 10.34%
- $12,537,430
- 2.07%
- 28.50%
- 6.87%
- $71,525,535

ESI maintains a thin active backlog of **$4.56M** on the Sable Blvd project, which carries a 120-month duration and will generate only modest progress billings in the near term. Bid success has fallen sharply to 8% in 2026 despite elevated volume, limiting new revenue starts. Cash flow will remain constrained until additional awards materialize.
Medium-term Outlook (6-12 months)
The **$4.56M** remaining backlog offers little replenishment against 2025 wins of only **$1.64M**, requiring a rebound in win rate from the current 11.1% to sustain operations. The 2026 award of **$7.7M** provides some offset but is spread over an extended timeline. Revenue visibility beyond 12 months stays limited without improved bidding outcomes.
Key Risk Period
The 6- to 18-month window presents the greatest exposure as the single long-duration contract burns off slowly while recent success rates of 8-11% fail to rebuild backlog to prior levels of **$10M** seen in 2024. Prolonged low win rates could trigger cash flow shortfalls.
Recommendations
Target bid process refinements to lift success rates above 20% and prioritize shorter-cycle projects that accelerate backlog turnover. Implement monthly cash flow tracking on the Sable contract to protect margins given the 2.22% average left on low bids.
- Dawson Trails Park-n-Ride
- Castle Rock
- $417,744
- 9/30/26
- Lake Ave Intersection Improvements
- El Paso County
- $4,835,830
- 9/16/26
- Construction Constitution Ave Peterson Rd Improvements
- El Paso County
- $1,172,392
- 8/27/26
- Region 1 I-225 Traffic Flow Improvements C 2254-093 (24443)
- CDOT
- $2,199,487
- 8/27/26
- 2026 Concrete Panel Replacement
- Lone Tree
- $873,617
- 7/10/26
- Construction Deer Creek Road Base Camp Road Microscope Way
- El Paso County
- $3,938,281
- 6/24/26
- Civic Center Grading Parking Lot Construction
- Northglenn
- $1,057,813
- 6/16/26
- 2026 Grandview Waterline Extension
- Dacono
- $1,933,240
- 6/16/26
- Arapahoe County No C25 25 2026 Arapahoe County Reconstruction
- Arapahoe County
- $6,537,363
- 6/10/26
- Construction North 40th Avenue Roadway Segment
- Brighton
- $2,880,427
- 6/5/26
- Construction Sable Blvd Intersection Improvements
- Brighton
- $7,201,600
- 4/30/26
- Townwide Roadway Reconstruct Program
- Parker
- $1,179,666
- 4/28/26
- 2026 City Cherry Hills Village Mill Overlay
- Cherry Hills Village
- $523,522
- 4/9/26
- Indiana Street Improvements
- Superior
- $2,443,985
- 3/31/26
- 2026 Street Maintenance
- Erie
- $1,379,921
- 3/24/26
- PW2026 01 2026 Rock Creek Parkway Improvements
- Superior - CO
- $5,477,780
- 3/12/26
- Canyon Drive Sidewalk
- Castle Rock
- $402,251
- 3/5/26
- 2026 Pavement Resurfacing
- Fountain
- $1,101,301
- 3/4/26
- Fairview St Improvements
- Woodland Park
- $630,049
- 2/20/26
- Thunder Ridge Pavement Reconstruction
- Woodland Park
- $1,021,222
- 2/20/26
- Grandview Boulevard Improvements Phase 2
- Dacono
- $2,698,299
- 2/10/26
- Lone Tree Creek Trail Underpass Arapahoe Road MP 19 6
- Centennial
- $4,371,642
- 2/6/26
- City Hall Parking Lot Improvements
- Dacono
- $218,520
- 1/29/26
- WCR 8 Paving
- Dacono
- $613,174
- 1/21/26
- 2026 Asphalt Mill Overlay
- Lone Tree
- $2,135,340
- 1/20/26
- 2C Asphalt Overlay
- Colorado Springs
- $500,000
- 1/16/26
- 2026 Asphalt Overlay 1
- Castle Rock
- $7,184,173
- 1/16/26
- 2026 Town Facility Parking Lot Improvement
- Castle Rock
- $715,303
- 1/13/26
- 2026 Asphalt Overlay 2
- Castle Rock
- $5,881,593
- 1/13/26


