All DOD Contracts — February 21, 2026

Definitive $616M base contract (up to $623M with options) for VA Health Care Center at Fort Bliss delivers significant backlog to Clark through 2028.

Firm-fixed-price structure exposes Clark to cost overruns in design-build hospital project; $0 outlayed to date signals potential funding delays over 4+ year timeline.

Site-specific delays at Fort Bliss, TX, could impact long-duration performance.

$6.9M options exercise could expand contract to $623M total.

Successful delivery positions Clark for follow-on DOD healthcare construction.

Large-scale $616M award underscores sustained investment in military hospitals via full/open competition.

{"entity"=>"Clark Construction Group LLC", "reason"=>"$616M award represents material revenue (~multi-year commitment) with options upside", "trigger"=>"Initial outlays >10% or option exercises"}

{"entity"=>"Fort Bliss construction projects", "reason"=>"Site risks could cascade to delays; single large award indicates concentration", "trigger"=>"Delays >6 months or funding reallocations"}