- Hudick Excavating HEI Civil - CO
- 2026
- 12
- 3
- 25.00%
- $27,795,758
- 14.96%
- 11.32%
- 9.47%
- $227,450,795

With only **$1.3M** remaining backlog, cash flow will tighten rapidly absent immediate new awards from the **$170.6M** in 2026 bids. The **20%** success rate signals elevated risk of revenue gaps over the next two quarters.
Medium-term Outlook (6-12 months)
The **35.7%** win rate on **$141.6M** of 2025 bids produced **$19.1M** in work, providing a modest pipeline if conversion holds. Sustained bidding volume will be required to rebuild backlog beyond the current single active project.
Key Risk Period
The period immediately following depletion of the **$1.3M** backlog poses the greatest liquidity strain, especially given the **14.15%** average left on low bids and historically low win rates.
Recommendations
Prioritize bid qualification to lift the **20%** success rate and target projects with shorter durations to accelerate cash conversion. Monitor monthly burn against the remaining **$1.3M** to trigger contingency bidding if awards lag.
- Region 4 I76 Roadway Reconstruction Bridge Replacements NHPP 0761-252 (26370 combo)
- CDOT
- $52,183,107
- 8/13/26
- Region 1 Interchange Reconstruction Bridge Replacement US 6 SH 121 NHPP 1211-111 (26942Combo)
- CDOT
- $85,988,731
- 6/25/26
- Construction Deer Creek Road Base Camp Road Microscope Way
- El Paso County
- $4,499,916
- 6/24/26
- 31st Street Fontenero Roundabout
- Colorado Springs
- $4,667,774
- 6/23/26
- 2026 Grandview Waterline Extension
- Dacono
- $1,589,132
- 6/16/26
- Weld County Road 34 Bridge Replacement
- Mead
- $1,200,109
- 5/11/26
- Water Street Camp Creek Bridge Replacement
- Colorado Springs
- $3,927,231
- 4/15/26
- Lone Tree Creek Trail Underpass Arapahoe Road MP 19 6
- Centennial
- $4,674,633
- 2/6/26
- Region 3 I70 Frisco Exit 203 Off Ramp Widening NHPP 0702-422 (24873)
- CDOT
- $29,974,000
- 2/5/26
- Lowell Waterline 92nd Ave Sunset Open Space Sanitary Sewer Improvements
- Westminster
- $14,328,391
- 1/29/26
- Gartrell Bridge Widening
- Aurora
- $8,799,593
- 1/21/26
- WCR 54 13 Roundabout Project
- Weld County
- $15,618,178
- 1/16/26



