- ACI Active Construction
- 2026
- 50
- 9
- 18.00%
- $63,762,759
- 9.01%
- 20.75%
- 10.86%
- $354,977,769

ACI Active Construction will generate steady but limited cash flow from its **$17M** remaining backlog, primarily through the six active projects bid in mid-2026 with 120-month durations. Execution pace appears slow given the long contract terms, with only partial revenue recognition expected in this window despite recent awards totaling **$24M** in 2026.
Medium-term Outlook (6-12 months)
Bidding momentum from 48 jobs in 2026 at a 16.7% success rate should yield additional awards similar to the **$32M** secured in 2025, supporting backlog replenishment. Cash flow stability will depend on converting the current **$276M** bid volume into new low-bid wins while managing the extended timelines of existing contracts.
Key Risk Period
The primary risk emerges in 12-18 months if the low 16-17% win rate fails to offset depletion of the **$17M** backlog, creating potential cash flow gaps amid 120-month project burn rates. Elevated 9.71% average left on low bids in 2026 further signals margin pressure that could compound liquidity issues.
Recommendations
Prioritize bid strategy refinements to improve conversion rates above 16.7% and target shorter-duration projects for faster cash flow. Monitor monthly backlog burn closely and maintain a pipeline exceeding **$300M** in annual bids to sustain operations.
- SR 510 Yelm Loop New Alignment Phase 2
- WSDOT
- 8/19/26
- Pacific Avenue Greenway
- Spokane
- 6/29/26
- Pacific Avenue Greenway 2022069
- Spokane
- 6/29/26
- 183rd Avenue SW Empire Street SW Sargent Road SW Phase 1
- Thurston County
- 5/21/26
- W North Bend Way NW 8th Street Roundabout
- North Bend
- 5/20/26
- 38th Avenue Improvement Phase 2
- Gig Harbor
- 5/7/26
- Rody Creek Channel Restoration 72nd Street East Pioneer Way East CIP D191
- Pierce County
- 4/29/26
- Stossel Right Bank Revetment ReBid
- King County - WA
- 1/13/26
- Rutledge Johnson Floodplain Reconnection
- King County - WA
- 1/13/26
- SR 510 Yelm Loop New Alignment Phase 2
- WSDOT
- $39,724,724
- 8/19/26
- 45th Ave SW Culvert Replacement Habitat Restoration
- Seattle
- $39,039,039
- 8/12/26
- Lawrence Street Multimodal Improvements
- Port Townsend
- $3,949,949
- 7/30/26
- Airport Station Area Pedestrian Improvement
- SeaTac
- $38,536,536
- 7/2/26
- Pacific Avenue Greenway
- Spokane
- $3,365,365
- 6/29/26
- Pacific Avenue Greenway 2022069
- Spokane
- $3,365,365
- 6/29/26
- SR 112 Clallam Bay 2023 Emergency
- WSDOT
- $2,925,925
- 6/24/26
- Madrona Connection 337
- Lacey
- $2,587,587
- 6/17/26
- 76th Avenue South Large Storm Pipe Maintenance
- Kent
- $2,562,562
- 6/9/26
- Cedar Downs Water Quality Retrofit
- Maple Valley
- $1,938,938
- 6/3/26
- 122nd Avenue East 146th St Ct E 136th St E CRP 5763
- Pierce County
- $11,232,232
- 5/29/26
- Sandy Cove Park Bank Protection Phase 2
- Snoqualmie
- $5,100,100
- 5/28/26
- 183rd Avenue SW Empire Street SW Sargent Road SW Phase 1
- Thurston County
- $2,075,075
- 5/21/26
- Eastrail NE Spring Boulevard Trail Link
- Bellevue
- $5,670,670
- 5/21/26
- W North Bend Way NW 8th Street Roundabout
- North Bend
- $3,193,193
- 5/20/26
- SE 60th Street RRFB Lake Heights 149th Avenue SE Overlay
- Bellevue
- $953,953
- 5/14/26
- 38th Avenue Improvement Phase 2
- Gig Harbor
- $7,316,316
- 5/7/26
- SR 508 0 3 Miles East Bergen Rd Engineered Log Jam
- WSDOT
- $2,340,340
- 5/6/26
- Rody Creek Channel Restoration 72nd Street East Pioneer Way East CIP D191
- Pierce County
- $1,594,594
- 4/29/26
- Runway reconstruction Pierce County Airport Thun Field
- Pierce County
- $6,796,796
- 4/29/26
- 2026 Local Streets Preservation
- Auburn
- $987,987
- 4/28/26
- Fort Dent Levee 2020 Repair
- King County - WA
- $2,089,089
- 4/27/26
- 112th Street SW South Tacoma Way Steele Street South
- Lakewood
- $867,530
- 4/24/26
- 1st Street NE NW N Division St Pedestrian Improvements
- Auburn
- $987,987
- 4/16/26
- Kapowsin Creek Bridge 19185 A Scour Repair CRP 5957
- Pierce County
- $429,429
- 4/15/26
- Interstate 5 Port Tacoma Road Interchange Phase 2A
- Fife
- $51,468,468
- 4/10/26
- A Street Wastewater Capacity Improvements
- Port Angeles
- $3,088,087
- 4/9/26
- 116th Avenue SE Sidewalk
- Renton
- $982,982
- 4/7/26
- Twanoh State Park Lagoon Shoreline Stream Restoration
- Mason County
- $1,984,984
- 4/7/26
- Chestnut St Bridge Scour Mitigation Latah Creek 1
- Spokane
- $1,520,520
- 4/1/26
- Brighton Creek Culvert Replacement Harts Lake Rd D462
- Pierce County
- $4,837,837
- 4/1/26
- Lund Ave Chase Rd Roundabout CRP 2629
- Kitsap County
- $2,175,175
- 3/17/26
- Tower Road Bridge Rock Creek
- Cowlitz County
- $3,649,649
- 3/9/26
- Boise Creek Mitigation
- King County - WA
- $1,475,475
- 2/26/26
- Bel Red Road Buffered Bike Lanes Schedule B C
- Redmond
- $749,749
- 2/26/26
- SR 510 SR 702 SR 507 CRAB Bundle 1A Compact Roundabouts
- WSDOT
- $3,740,740
- 2/25/26
- Custer Road Bridgeport 75th
- Lakewood
- $1,943,943
- 2/20/26
- XE3692 SR 17 Cunningham Rd Roundabout
- WSDOT
- $2,787,787
- 2/19/26
- S Sullivan Rd Preservation
- Spokane Valley
- $4,339,339
- 2/13/26
- Kelsey Creek Culvert Lake Hills Blvd Water Sewer Replacement
- Bellevue
- $13,170,170
- 2/5/26
- Lund Harris Chase Corridor Improvements CRP 2583 2629
- Kitsap County
- $3,218,218
- 2/3/26
- Valley Plaza Water Main Replacement
- Fife
- $992,992
- 1/29/26
- 112th St SW Lake Louise School Sidewalk
- Lakewood
- $787,787
- 1/28/26
- Interstate 5 Port Tacoma Road Interchange Phase 2A
- Fife
- $52,396,552
- 1/27/26
- US 101 Safety Improvement
- Aberdeen
- $2,312,312
- 1/22/26
- Bull Road East Mtn View Ave Traffic Signal Intersection Improvements
- Ellensburg
- $1,199,199
- 1/20/26
- Safe Routes Schools 104th St E CRP 5939
- Pierce County
- $1,174,174
- 1/14/26
- Fish Lake Tr Cent Tr Connection Phase 1 Thorpe Govt Way 1
- Spokane
- $2,222,222
- 1/13/26
- Stossel Right Bank Revetment ReBid
- King County - WA
- $1,738,738
- 1/13/26
- Rutledge Johnson Floodplain Reconnection
- King County - WA
- $1,389,389
- 1/13/26
- SR 510 Yelm Loop New Alignment Phase 2
- WSDOT
- $39,724,724
- 10/18/26
- 750
- 0%
- -
- $39,724,724
- Pacific Avenue Greenway
- Spokane
- $3,365,365
- 08/28/26
- 120
- 0%
- -
- $3,365,365
- Pacific Avenue Greenway 2022069
- Spokane
- $3,365,365
- 08/28/26
- 120
- 0%
- -
- $3,365,365
- Rutledge Johnson Floodplain Reconnection
- Thurston County
- $2,075,075
- 07/20/26
- 120
- 28.3%
- $518,769
- $1,487,137
- Rutledge Johnson Floodplain Reconnection
- North Bend
- $3,193,193
- 07/19/26
- 120
- 29.2%
- $798,298
- $2,261,845
- Rutledge Johnson Floodplain Reconnection
- Gig Harbor
- $7,316,316
- 07/06/26
- 120
- 40.0%
- $1,829,079
- $4,389,790
- Rutledge Johnson Floodplain Reconnection
- Pierce County
- $1,594,594
- 06/28/26
- 120
- 46.7%
- $398,649
- $850,450
- $3,544,795
- $55,444,676



