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Federal Construction & Infrastructure Contracts — April 24, 2026

Federal Construction & Infrastructure Contracts

By Gunpowder Editorial ·

1 total filings analysed

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.

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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"}

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