- WW Clyde & Co - AZ
- 2026
- 20
- 2
- 10.00%
- $9,169,674
- 9.48%
- 44.36%
- 24.99%
- $126,685,088
- WW Clyde & Co - UT
- 2026
- 9
- 0
- 0.00%
- $0
- 0.00%
- 11.03%
- 5.07%
- $293,935,657
- WW Clyde & Co - NV
- 2026
- 6
- 1
- 16.67%
- $21,555,000
- 5.37%
- 29.96%
- 13.10%
- $84,230,940
- WW Clyde & Co - CO
- 2026
- 10
- 2
- 20.00%
- $109,673,711
- 0.41%
- 18.06%
- 3.97%
- $309,740,565

Execution of the **$98.7M** remaining backlog, led by the **$90.8M** Taxiway L Extension, will generate steady but gradual cash inflows given the 120-month project durations. Low near-term burn rates support positive operating cash flow with minimal additional working capital needs.
Medium-term Outlook (6-12 months)
Continued progress on active projects sustains revenue through mid-2027, though the declining win rate from 41.2% in 2024 to 22.2% in 2026 signals potential backlog erosion without new awards. Total 2026 low bids of **$109.7M** provide some offset if converted efficiently.
Key Risk Period
The 12-18 month window poses the greatest exposure as current backlog depletes and success rates remain suppressed, risking revenue gaps if bid volume does not increase.
Recommendations
Prioritize targeted bidding to restore a 35%+ win rate and accelerate closeout on shorter-duration work to improve liquidity. Monitor monthly burn rates against the **$98.7M** backlog to maintain positive cash positioning.
- Region 4 I76 Roadway Reconstruction Bridge Replacements NHPP 0761-252 (26370 combo)
- CDOT
- $49,823,073
- 8/13/26
- Crossroads Colorado Blvd Roundabout Construction
- Windsor
- $8,264,850
- 6/23/26
- Taxiway L Extension
- Denver
- $92,291,180
- 6/11/26
- Gardi A33 A35
- Denver International Airport
- $11,629,940
- 5/14/26
- Taxiway B Reconstruction B5 E
- Colorado Springs
- $17,382,531
- 4/9/26
- DS West Phase 2
- Denver International Airport
- $84,923,076
- 3/10/26
- 2026 Annual Airfield Pavement Rehabilitation
- Denver City
- $4,200,000
- 2/18/26
- Lowell Waterline 92nd Ave Sunset Open Space Sanitary Sewer Improvements
- Westminster
- $19,838,808
- 1/29/26
- WCR 54 13 Roundabout Project
- Weld County
- $15,619,887
- 1/16/26
- Water Quality Infrastructure Improvements
- Denver International Airport
- $5,767,220
- 1/13/26



