BidJudge.com - Projects
marketing@asphaltspecialties.com
345 W. 62nd Ave
Denver CO
80216
303-289-8555
303-289-7707
Health Breakdown
Avg Left
20
Success
40
Avg Avg
10
Year Proj
50
2 Year Prior Proj
Qual Based
0
Cash Flow
-40
 
80%
80%
Health
Financial Health & Pipeline Brief
Analyzed On:  Aug 13, 2026
Asphalt Specialties Company (Powered by Grok AI)
Near-term Outlook (next 3-6 months)
Asphalt Specialties maintains steady cash flow from **$20.6M** remaining backlog, driven by active projects such as Region 1 C470 Resurfacing (**$7.6M** est. remaining) and I76 Resurfacing (**$6.5M** est. remaining). Multiple 2026 awards with 120-month durations support consistent billings through year-end. Execution risk remains low given the **5.08%** average left on low bids.

Medium-term Outlook (6-12 months)
Backlog drawdown accelerates as smaller 2026 projects like 2026 Street Maintenance and Pavement Resurfacing near completion, leaving limited new work to replace them. The **25%** success rate in 2026, down from **40%** in 2025, signals reduced future revenue unless win rates recover. Cash flow may tighten absent additional awards from the **$109M** bid volume.

Key Risk Period
The 6-12 month window presents the highest risk as current backlog depletes without sufficient replacement volume, compounded by the sharp drop in success rate to **25%**. Prolonged contract durations on recent wins offer little near-term offset if bidding performance does not improve.

Recommendations
Prioritize margin optimization and targeted bidding to lift the success rate above **30%** while monitoring monthly backlog burn rate. Secure at least **$25M** in new low bids within the next quarter to stabilize medium-term cash flow.
 
JOBS LOW
  • Arapahoe County No C25 25 2026 Arapahoe County Reconstruction
  • Arapahoe County
  • 6/10/26
  • Region 1 I76 Resurfacing NHPP R100-421 (26482)
  • CDOT
  • 4/16/26
  • 2026 City Cherry Hills Village Mill Overlay
  • Cherry Hills Village
  • 4/9/26
  • 2026 Street Maintenance
  • Erie
  • 3/24/26
  • 2026 Pavement Resurfacing Program 26 ST 01B
  • Arvada
  • 2/19/26
  • Region 1 C470 Resurfacing NHPP 4701-139 (25589)
  • CDOT
  • 2/19/26
  • WCR 8 Paving
  • Dacono
  • 1/21/26
Bidjudge
JOBS BID
  • Region 1 I-225 Traffic Flow Improvements C 2254-093 (24443)
  • CDOT
  • $2,624,880
  • 8/27/26
  • Arapahoe County No C25 25 2026 Arapahoe County Reconstruction
  • Arapahoe County
  • $5,673,531
  • 6/10/26
  • 2026 Resurfacing Program PN ENM000126
  • Larimer County
  • $5,098,331
  • 5/22/26
  • 2026 Street Alley Contract Mill Overlay
  • Denver
  • $6,560,001
  • 5/6/26
  • Townwide Roadway Reconstruct Program
  • Parker
  • $1,018,625
  • 4/28/26
  • 2026 Street Maintenance Phase 2
  • Erie
  • $3,578,921
  • 4/24/26
  • 2026 Paving Federal Heights
  • Federal Heights
  • $577,931
  • 4/17/26
  • Region 1 I76 Resurfacing NHPP R100-421 (26482)
  • CDOT
  • $10,664,802
  • 4/16/26
  • 2026 City Cherry Hills Village Mill Overlay
  • Cherry Hills Village
  • $354,664
  • 4/9/26
  • Indiana Street Improvements
  • Superior
  • $2,028,721
  • 3/31/26
  • Asphalt Overlay
  • Fort Collins
  • $6,882,171
  • 3/25/26
  • 2026 Street Maintenance
  • Erie
  • $945,120
  • 3/24/26
  • 2026 Roadway Sidewalk Improvements
  • Berthoud
  • $952,741
  • 3/19/26
  • Mill Overlay
  • Milliken
  • $159,500
  • 3/16/26
  • PW2026 01 2026 Rock Creek Parkway Improvements
  • Superior - CO
  • $4,583,105
  • 3/12/26
  • Region 4 CO86 Resurfacing STM 086A-059 (25632)
  • CDOT
  • $1,532,635
  • 3/5/26
  • Roadway Improvement 2026
  • Windsor
  • $2,460,019
  • 2/26/26
  • 2026 Pavement Resurfacing Program 26 ST 01B
  • Arvada
  • $5,657,635
  • 2/19/26
  • 2026 Street Paving Program
  • Adams County
  • $7,741,567
  • 2/19/26
  • Region 1 C470 Resurfacing NHPP 4701-139 (25589)
  • CDOT
  • $14,495,525
  • 2/19/26
  • 2026 Pavement Maintenance Program
  • Frederick
  • $373,500
  • 2/12/26
  • City Hall Parking Lot Improvements
  • Dacono
  • $182,275
  • 1/29/26
  • WCR 8 Paving
  • Dacono
  • $417,368
  • 1/21/26
  • Weld County Parking Lot Removal Replacement
  • Weld County
  • $1,782,602
  • 1/21/26
  • 2026 Asphalt Mill Overlay
  • Lone Tree
  • $1,854,978
  • 1/20/26
  • 2026 Asphalt Overlay 1
  • Castle Rock
  • $8,439,808
  • 1/16/26
  • 2026 Town Facility Parking Lot Improvement
  • Castle Rock
  • $850,630
  • 1/13/26
  • 2026 Asphalt Overlay 2
  • Castle Rock
  • $6,890,074
  • 1/13/26
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • CDOT
  • $7,279,077
  • 1/8/26
Bidjudge
CASH FLOW
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • Arapahoe County
  • $5,673,531
  • 08/09/26
  • 120
  • 30.0%
  • $1,418,383
  • $3,971,472
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • CDOT
  • $10,664,802
  • 06/15/26
  • 150
  • 61.3%
  • $2,132,960
  • $4,123,723
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • Cherry Hills Village
  • $354,664
  • 06/08/26
  • 120
  • 81.7%
  • $88,666
  • $65,022
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • Erie
  • $945,120
  • 05/23/26
  • 120
  • 95.0%
  • $236,280
  • $47,256
  • Region 1 SH 74 Surface Treatment NHPP 0741-026 (24423)
  • CDOT
  • $14,495,525
  • 04/20/26
  • 240
  • 61.3%
  • $1,811,941
  • $5,617,016
  • $5,688,230
  • $13,824,489
Bidjudge