Contract Option Exercises — April 24, 2026

Full and open competition firm fixed price definitive contract for Canyon Village wastewater systems in Yellowstone NP, with base + all options fully obligated at $129,150,000 and performance through 2028-02-14, estimating $71M annual revenue but $0 outlayed to date.

Firm fixed price structure exposes RECORD STEEL AND CONSTRUCTION, INC. to high contract risk (pricing) on the $129,150,000 obligation with no funds outlayed yet, potentially delaying revenue recognition.

High pricing risk for RECORD STEEL AND CONSTRUCTION, INC. on $129,150,000 firm fixed price contract with Department of the Interior/NPS, as no funds outlayed ($0) and performance spans to 2028-02-14.

Sustained Department of the Interior/NPS spending on national park facilities maintenance, as evidenced by $129,150,000 award to RECORD STEEL AND CONSTRUCTION, INC. for water/sewer infrastructure rehab.

Department of the Interior/NPS exercised a $129,150,000 firm fixed price contract to RECORD STEEL AND CONSTRUCTION, INC. for Canyon Village wastewater treatment rehab in Yellowstone NP under full and open competition (NAICS 237110, PSC Y1ND).

{"entity"=>"RECORD STEEL AND CONSTRUCTION, INC.", "reason"=>"Monitor $129,150,000 NPS contract with $0 outlayed, high pricing risk, and performance through 2028-02-14.", "trigger"=>"Total outlayed progress from $0; performance milestones; contract modifications"}

{"entity"=>"Department of the Interior/NPS", "reason"=>"Sustained facilities maintenance spending via $129,150,000 full and open competition award.", "trigger"=>"Future Yellowstone NP project awards or re-competes post-2028-02-14"}