- Ames Construction - AZ
- 2026
- 14
- 3
- 21.43%
- $140,323,711
- 2.40%
- 35.34%
- 14.01%
- $239,052,806
- 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
- 7
- 2
- 28.57%
- $81,534,800
- 5.65%
- 9.77%
- 6.18%
- $274,848,135
- 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 Construction holds a solid near-term position supported by **$131M** total remaining backlog, driven primarily by the two 2026 awards with **$115.6M** in estimated remaining value. These projects, bid in February and April 2026, will sustain cash flow through active construction phases over the next six months. The 18.2% success rate on **$220M** in 2026 bids reflects selective but high-value wins that bolster immediate liquidity.
Medium-term Outlook (6-12 months)
Backlog support from 2025 and 2024 awards totals only **$28M**, providing limited offset once current large projects advance. With just two wins each in those years despite substantial bid volumes, revenue stability will hinge on converting additional 2026 pipeline opportunities. Cash flow may moderate without improved win rates beyond the recent 18.2% level.
Key Risk Period
The 9-15 month horizon represents the primary risk window as the two dominant 2026 projects near substantial completion and prior-year awards offer minimal replenishment. Declining success rates and smaller historical award sizes heighten exposure to backlog erosion and potential cash flow gaps. Extended contract durations further concentrate revenue recognition risks during this transition.
Recommendations
Increase bid volume and refine targeting to raise the 18.2% win rate and expand backlog beyond **$131M**. Emphasize recurring JOC and CMAR work for smoother cash inflows while closely tracking remaining values on active projects. Implement monthly backlog reviews to align bidding with projected liquidity needs.
- Madera Canyon Medium Wash Florida Wash Bridge Replacements
- Pima County
- $8,125,853
- 9/3/26
- Thompson Peak Parkway Bridge Reata Pass Wash
- Scottsdale
- $7,679,012
- 8/20/26
- Catalina State Park (PPM-0-NFA)
- ADOT
- $3,271,019
- 8/14/26
- Lift Station 61 Redundant Force Main
- Phoenix
- $18,532,053
- 7/28/26
- Elliot Rd Eastern Maricopa Floodway Ellsworth Rd
- Mesa
- $24,227,282
- 7/23/26
- Dysart Sewer Replacement Phase II A
- Avondale
- $3,134,208
- 6/2/26
- Bagdad Hillside SR 96 (096-A-(200)T)
- ADOT
- $10,183,708
- 5/15/26
- Mohave Rattlesnake Detention Basin Construction Phase 2
- Mohave County
- $2,162,325
- 5/12/26
- Cotton Lane Improvements Estrella Parkway Cotton Lane Bridge
- Goodyear
- $9,783,486
- 5/6/26
- Oracle Jct Florence (079-A-(214)T)
- ADOT
- $7,598,956
- 4/24/26
- Nogales Tucson I 19 (019-A-(243)T)
- ADOT
- $56,396,831
- 4/17/26
- Hwy 89 Smokerise Rebuild
- Flagstaff
- $1,444,641
- 4/10/26
- Payson Show Low Lion Springs (260-B(225)T)((226)S)
- ADOT
- $76,247,868
- 2/20/26
- Mayor Jason Kouts Park
- Safford
- $10,265,564
- 2/19/26
- Thompson Peak Parkway Bridge Reata Pass Wash
- Scottsdale
- $7,679,012
- 10/19/26
- 480
- 0%
- -
- $7,679,012
- Mayor Jason Kouts Park
- ADOT
- $56,396,831
- 06/16/26
- 615
- 13.2%
- $2,751,065
- $48,968,956
- Mayor Jason Kouts Park
- ADOT
- $76,247,868
- 04/21/26
- 730
- 18.8%
- $3,133,474
- $61,938,337
- Mayor Jason Kouts Park
- Surprise
- $15,000,000
- 10/06/25
- 730
- 45.8%
- $616,438
- $8,136,986
- Mayor Jason Kouts Park
- Maricopa County
- $10,000,000
- 12/30/24
- 1800
- 34.1%
- $166,667
- $6,588,889
- $6,667,644
- $133,312,180


