Executive Summary
Fisher Sand & Gravel Co. was awarded an $847,040,000 firm-fixed-price delivery order by U.S. Customs and Border Protection (DHS) for Southwest Border Construction in San Diego, CA, comprising the full obligation in this civilian-only digest (0/1 defense-related).
This large-scale infrastructure project underscores DHS/CBP's priority on border facilities under NAICS 236220, providing a bullish signal for construction contractors with a 2.3-year performance period from April 26, 2026, to August 31, 2028. The highest-conviction signal is the significant future revenue stream for Fisher Sand & Gravel Co., estimated at $356M annually. However, high pricing risk inherent in firm-fixed-price terms poses execution challenges. Key watch item: total outlayed progress from current $0 under full and open competition after exclusion of sources.
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Tracking the trend? Catch up on the prior Federal Construction & Infrastructure Contracts digest from April 26, 2026.
Investment Signals (1)
- Fisher Sand & Gravel Co. Secures $847M DHS Southwest Border Construction Order (HIGH)▲
Fisher Sand & Gravel Co., a non-small business Subchapter S Corporation, received an $847,040,000 firm-fixed-price delivery order from U.S. Customs and Border Protection for SW Border Construction in San Diego, CA, with performance through August 31, 2028, signaling robust future revenue in commercial and institutional building construction (NAICS 236220). Total obligation equals base plus all options, awarded via full and open competition after exclusion of sources.
Risk Flags (1)
- Execution [HIGH RISK]▼
High pricing risk for Fisher Sand & Gravel Co. under firm-fixed-price terms for the $847,040,000 DHS delivery order, with $0 outlayed to date and a 2.3-year performance period exposing the contractor to cost overruns.
Opportunities (1)
- ◆
$847,040,000 obligation to Fisher Sand & Gravel Co. for DHS/CBP SW Border Construction in San Diego highlights expansion in federal border infrastructure (PSC Y1PZ).
Sector Themes (1)
- ◆
U.S. Customs and Border Protection awarded Fisher Sand & Gravel Co. an $847,040,000 firm-fixed-price order for SW Border Construction in San Diego, CA (PSC Y1PZ non-building facilities), under full and open competition after exclusion of sources.
Watch List (2)
- 👁
{"entity"=>"Fisher Sand & Gravel Co.", "reason"=>"$847,040,000 DHS delivery order with $0 outlayed to date requires tracking spending progress and milestones in firm-fixed-price SW Border Construction.", "trigger"=>"Total outlayed progress updates, performance milestones toward 2028-08-31, modifications to obligation"}
- 👁
{"entity"=>"DHS/CBP Infrastructure Sector", "reason"=>"Large $847M civilian award signals potential for additional border construction task orders via similar vehicles.", "trigger"=>"Follow-on awards or re-competes post-2028-08-31"}
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