Executive Summary
A single $129,150,000 firm fixed-price contract was awarded to RECORD STEEL AND CONSTRUCTION, INC. by the Department of the Interior's National Park Service, representing 100% civilian exposure with zero defense-related obligations.
The award supports rehabilitation of Canyon Village wastewater treatment systems in Yellowstone National Park under full and open competition, signaling sustained Interior/NPS spending on facilities maintenance amid a neutral overall signal (avg strength 3.0/10). Highest-conviction signal is the potential future revenue stream estimated at $71M annually over the 1.83-year performance period from 2026-04-22 to 2028-02-14, with no funds outlayed yet ($0). Key risk is high pricing risk inherent to the firm fixed-price structure; watch total outlayed progress and performance milestones toward the 2028-02-14 end date.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Tracking the trend? Catch up on the prior Federal Construction & Infrastructure Contracts digest from April 23, 2026.
Investment Signals (1)
- RECORD STEEL AND CONSTRUCTION, INC. Faces High Pricing Risk on $129,150,000 DOI Firm Fixed-Price Contract (MEDIUM)▲
The firm fixed-price structure for NAICS 237110 water/sewer construction exposes RECORD STEEL to high performance risk, with $0 outlayed to date signaling no immediate revenue recognition despite full obligation.
Risk Flags (1)
- Execution [HIGH RISK]▼
High contract pricing risk for RECORD STEEL AND CONSTRUCTION, INC. on the $129,150,000 firm fixed-price award from National Park Service for Yellowstone NP wastewater rehab, with performance spanning 2026-04-22 to 2028-02-14.
Opportunities (1)
- ◆
RECORD STEEL AND CONSTRUCTION, INC. gains medium-term revenue visibility from $129,150,000 National Park Service contract for Canyon Village wastewater rehabilitation, with estimated $71M annual revenue over 1.83 years.
Sector Themes (1)
- ◆
Department of the Interior's National Park Service awarded $129,150,000 firm fixed-price contract to RECORD STEEL AND CONSTRUCTION, INC. for water/sewer infrastructure rehab (NAICS 237110, PSC Y1ND) in Yellowstone NP under full and open competition.
Watch List (2)
- 👁
{"entity"=>"RECORD STEEL AND CONSTRUCTION, INC.", "reason"=>"$129,150,000 DOI contract with $0 outlayed signals future cash flows but requires monitoring for execution on firm fixed-price terms.", "trigger"=>"total outlayed progress from $0, performance milestones toward 2028-02-14 end date, modifications to obligation"}
- 👁
{"entity"=>"construction sector", "reason"=>"Full and open competition win by non-small business RECORD STEEL highlights NPS infrastructure rehab priority ($129,150,000 obligation).", "trigger"=>"NPS budget cycle updates, similar Yellowstone NP project awards"}
Get daily alerts with 1 investment signals, 1 risk alerts, 1 opportunities and full AI analysis of all 1 filings
$30/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: Federal Construction & Infrastructure Contracts
May 20, 2026
Federal Construction & Infrastructure Contracts — May 20, 2026
May 18, 2026
Federal Construction & Infrastructure Contracts — May 18, 2026
May 16, 2026
Federal Construction & Infrastructure Contracts — May 16, 2026
May 14, 2026
Federal Construction & Infrastructure Contracts — May 14, 2026
🇺🇸 More from United States
View all →May 27, 2026
US Pre-Market SEC Filings Roundup — May 27, 2026
US Pre-Market SEC Filings Roundup
May 27, 2026
S&P 500 Technology Sector SEC Filings — May 27, 2026
S&P 500 Technology Sector SEC Filings
May 27, 2026
Orphan Drug Approvals — May 27, 2026
Orphan Drug Approvals
May 27, 2026
Big Pharma Approvals — May 27, 2026
Big Pharma Approvals