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Mega Contracts Monitor ($100M+) — April 24, 2026

Mega Contracts Monitor ($100M+)

1 total filings analysed

Executive Summary

This period's sole contract totals $129,150,000 in obligations, representing 100% civilian exposure with 0/1 defense-related awards from the Department of the Interior's National Park Service. RECORD STEEL AND CONSTRUCTION, INC. was awarded a firm fixed-price contract for Canyon Village wastewater treatment rehabilitation in Yellowstone National Park, WY, under full and open competition, signaling sustained NPS facilities maintenance spending in water/sewer infrastructure (NAICS 237110, PSC Y1ND). The highest-conviction signal is neutral (strength 3/10, materiality 2/10) due to no immediate outlays ($0 total) and future revenue potential estimated at $71M annually over the 1.83-year performance period from 2026-04-22 to 2028-02-14. A key risk is high pricing risk inherent to the firm fixed-price structure; watch total outlayed progress from $0 and performance milestones toward the 2028-02-14 end date.

Tracking the trend? Catch up on the prior Mega Contracts Monitor ($100M+) digest from April 23, 2026.

Investment Signals(1)

  • RECORD STEEL AND CONSTRUCTION, INC. awarded $129,150,000 NPS wastewater rehab contract(LOW)

    Non-small business RECORD STEEL AND CONSTRUCTION, INC. secured a $129,150,000 firm fixed-price definitive contract via full and open competition for Yellowstone National Park infrastructure, with base + all options matching and no funds outlayed yet, indicating potential $71M annual revenue over 1.83 years.

Risk Flags(1)

  • Execution[HIGH RISK]

    High pricing risk on RECORD STEEL AND CONSTRUCTION, INC.'s $129,150,000 firm fixed-price contract with National Park Service due to fixed performance obligations for wastewater rehabilitation through 2028-02-14 and $0 outlayed to date.

Opportunities(1)

  • RECORD STEEL AND CONSTRUCTION, INC. gains medium-term revenue visibility from $129,150,000 National Park Service award for water/sewer infrastructure rehabilitation.

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 Canyon Village wastewater treatment rehabilitation in Yellowstone National Park under full and open competition (NAICS 237110, PSC Y1ND).

Watch List(2)

  • 👁

    {"entity"=>"RECORD STEEL AND CONSTRUCTION, INC.", "reason"=>"$129,150,000 NPS contract shows $0 outlayed with high pricing risk; future cash flows hinge on execution.", "trigger"=>"Total outlayed progress from $0; performance milestones toward 2028-02-14; modifications to obligation"}

  • 👁

    {"entity"=>"Civilian construction sector", "reason"=>"Full and open competition award signals NPS priority on water/sewer rehab (NAICS 237110) with $129,150,000 obligation.", "trigger"=>"NPS budget cycles or similar Interior awards"}

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