- Ames Construction - AZ
- 2026
- 9
- 2
- 22.22%
- $132,644,699
- 1.52%
- 42.35%
- 17.34%
- $177,217,587
- Ames Construction - CA
- 2026
- 4
- 0
- 0.00%
- $0
- 0.00%
- 25.44%
- 13.63%
- $408,105,823
- Ames Construction - UT
- 2026
- 3
- 2
- 66.67%
- $25,118,103
- 23.70%
- 8.01%
- 8.07%
- $32,809,733
- Ames Construction - NV
- 2026
- 1
- 1
- 100.00%
- $126,792,681
- 18.72%
- 0.00%
- 18.72%
- $126,792,681
- Ames Construction - CO
- 2026
- 6
- 2
- 33.33%
- $81,534,800
- 5.65%
- 8.82%
- 6.61%
- $224,087,635
- 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

Ames holds **$28M** remaining backlog from recent awards, including the **$1.88M** Region 1 Bridge project bid in May 2026, supporting steady but limited cash flow over extended 120-month durations. Low 20% success rate in 2026 bidding constrains near-term revenue acceleration despite active pursuit of larger opportunities.
Medium-term Outlook (6-12 months)
The **$18.6M** in 2025 awards and **$13.6M** National Western Center project provide continued backlog burn, yet overall bid volume remains modest at **$53.6M** total. Cash inflows will stay predictable but modest without improved win rates to replenish the pipeline.
Key Risk Period
Extended 10-year project durations combined with a 20% 2026 success rate create elevated risk of backlog depletion by late 2026 if new low bids do not materialize, potentially pressuring liquidity.
Recommendations
Increase bid submissions and refine estimating to raise the success rate above 25%; prioritize shorter-duration work to accelerate cash conversion from the **$28M** backlog.
- Region 1 Interchange Reconstruction Bridge Replacement US 6 SH 121 NHPP 1211-111 (26942Combo)
- CDOT
- $79,649,900
- 6/25/26
- Taxiway L Extension
- Denver
- $97,071,735
- 6/11/26
- Region 1 Bridge Retaining Wall Repairs NHPP R100-423 (26614)
- CDOT
- $1,884,900
- 5/21/26
- Skeel Reservoir Renovation
- Denver
- $5,981,500
- 5/14/26
- Tennessee Oneida Storm System Phase 3
- Denver
- $7,414,900
- 3/3/26
- Region 3 I70 Frisco Exit 203 Off Ramp Widening NHPP 0702-422 (24873)
- CDOT
- $32,084,700
- 2/5/26
- Region 1 Interchange Reconstruction Bridge Replacement US 6 SH 121 NHPP 1211-111 (26942Combo)
- CDOT
- $79,649,900
- 08/24/26
- 1100
- 0%
- -
- $79,649,900
- Region 3 I70 Frisco Exit 203 Off Ramp Widening NHPP 0702-422 (24873)
- CDOT
- $1,884,900
- 07/20/26
- 120
- 3.3%
- $471,225
- $1,822,070
- $471,225
- $81,471,970





