- Borderland Construction Co
- 2026
- 1
- 1
- 100.00%
- $19,000,000
- 0.00%
- 0.00%
- 0.00%
- $19,000,000

Borderland enters the period with **$33M** in total remaining backlog, anchored by the fully intact **$19M** Santa Cruz project awarded in 2026. Execution on this CMAR contract plus drawdown of the **$7.8M** San Fernando water main replacement should generate steady cash flow, assuming standard progress billing cycles.
Medium-term Outlook (6-12 months)
Remaining JOC backlog of roughly **$6.2M** across five older contracts will continue to contribute modest revenue but at declining rates given low per-project balances. The 100% bid success in 2026 positions the firm to replenish backlog, yet conversion of the large new award into sustained cash flow remains the critical variable.
Key Risk Period
The 12- to 24-month window presents the highest exposure as the **$19M** and **$7.8M** projects reach substantial completion while the five legacy JOC contracts, each with under **$1.7M** remaining, offer limited offset. Extended contract durations on older work increase the chance of margin erosion or delayed final payments.
Recommendations
Prioritize aggressive billing and change-order management on the two largest active projects to accelerate cash conversion. Simultaneously increase bid volume on shorter-duration work to smooth the post-2027 revenue curve and reduce reliance on the current concentrated backlog.
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Pima County
- $19,000,000
- 10/06/26
- 1100
- 0.2%
- $518,182
- $18,965,455
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Tucson
- $18,500,000
- 10/25/25
- 500
- 69.6%
- $1,110,000
- $5,624,000
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Tucson
- $2,000,000
- 12/12/23
- 1700
- 60.6%
- $35,294
- $787,059
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Pima County
- $5,000,000
- 11/01/23
- 1500
- 71.5%
- $100,000
- $1,423,333
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Tucson
- $10,000,000
- 12/20/22
- 1460
- 95.1%
- $205,479
- $486,301
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Pima County
- $10,000,000
- 09/18/22
- 1700
- 87.1%
- $176,471
- $1,288,235
- (CMAR) Santa Cruz Irvington Valencia Improvements
- Pima County
- $10,000,000
- 07/10/22
- 1700
- 91.2%
- $176,471
- $876,471
- $2,321,897
- $29,450,854

