Post by
kingscorpion on Apr 30, 2023 11:00pm
CVX contracts growing
Just to let you fine people know that if you look back at the last 3 NR you ll see that between the current contract announcement and the last one only about a month passed That is, in the past month CVX announced 10.5 mil contracts and with the bidding pipeline in excess of $420 mil these contract announcements will become more frequent now that the cement shortage has been dealt with. As the biggest pure play c.c company if CVX can manage to get a minimum 10% of that $420 mil bidding pipeline that's another $42 mil added contracts but CVX is the biggest and also the most visible therefore I would expect them to win a much higher percentage of the current pipeline. There aren't many pure play c.c company and none of them have the capacity and the capability as CVX does There are only 2 cc companies that are in direct competition and none has the capacity and capability as CVX does. In Canada the company wins over 70% of the contracts. Thou in US this may be lower the company can still win well over 10-15% of all contracts available up.to perhaps 25% For the bigger jobs this percentage in USA is much much higher Remember the $22.5 mil contract!!
Comment by
LWillingdon on May 01, 2023 1:08pm
Sure hope that trend remains.
Comment by
Bubbajohny50 on May 01, 2023 8:31pm
You don't have to hope. There is no doubt in my mind that the trend will keep heading the upward direction.