$20.4BTutor Perini backlog at 30 September
~30%Construction Partners' expected FY26 revenue growth
11 DecDeadline for Congress to act on surface transportation
Results & M&A
Tutor Perini sees $200B of bids, almost no data centres
Q3 revenue rose 22% to $1.7B and backlog stands at $20.4B. Data centres are 0.2% of the book, and the CEO says they won't be a focus.
Read the full story →Construction Partners buys Piedmont Paving, guides past $4B
The Newnan, Georgia paver brings 110-plus staff and an asphalt plant. A day later CPI guided FY27 revenue to $4.175B to $4.275B.
Read the full story →Why it matters: both are growing fast, through megaprojects at Tutor Perini and bolt-ons at CPI. Either way, the constraint is experienced field leadership.
Contracts & Awards
Granite wins Tucson airfield and Metrolink rail jobs
A $52M CMAR deal completes Tucson's $400M-plus airfield programme, all won by Granite. Then $51.5M of sidings, the first SCORE package for Metrolink.
Read the full story →Policy & Funding
Highway bill looks like a 2027 job
After the midterms, industry voices expect another extension by the 11 December deadline. Pew says road and bridge money could fall 13% if IIJA advance appropriations aren't replaced.
Read the full story →Why it matters: funded jobs keep moving under an extension. Letting schedules and discretionary grants are where timing gets fuzzy.
Talent Insight
Field leaders are the bottleneck
- Megaproject backlogs that peak around 2028 keep project directors and tunnel and transit supers in short supply for years, not months.
- Rail is a separate pool. Granite's push needs people who know track access, flagging and railroad owners, and highway experience doesn't swap in.
- Worth watching: About 198,000 construction workers quit in September, the most since the first half of 2023, per Associated Builders and Contractors. Retention is a live issue going into bid season.
Building a team in Heavy Civil & Infrastructure?
Connor Goodall specialises in Heavy Civil & Infrastructure hiring at QP Group. Talk to Connor about the market, salaries or a search.
Connor GoodallSenior Consultant · Heavy Civil & Infrastructure