LV Construction — operations at a glance
A snapshot of the active construction book, bonding utilization, and operational health across the LV portfolio. Nine projects are in flight against a $150M bonding line, with a clean safety record and a healthy available-to-bid balance.
The active construction book
Nine projects in flight totaling $148.3M of GMP. Crenshaw is in wrap-up; the bulk of the book is on schedule, with Lexington and Denny starting and Acama in pre-construction.
| Project | GMP | % Complete | Scheduled End | Status |
|---|---|---|---|---|
| Crenshaw | $5.3M | 82% | Nov 2026 | Wrap-Up |
| Ramsgate | $20.0M | 34% | Jul 2027 | On Schedule |
| Califa | $11.7M | 41% | Jun 2027 | On Schedule |
| Whipple | $13.5M | 38% | Jun 2027 | On Schedule |
| Nelrose | $4.1M | 29% | Oct 2027 | On Schedule |
| Francis | $43.0M | 12% | Dec 2028 | On Schedule |
| Lexington | $13.6M | 3% | Apr 2028 | Starting |
| Denny | $15.8M | 3% | Mar 2029 | Starting |
| Acama | $21.3M | 0% | Oct 2028 | Pre-construction |
Percent-complete and status are illustrative placeholders. GMP values shown are remaining contract balances for projects under construction.
Bonding line · $150M aggregate
The surety line supports $150M aggregate with a $75M single-project cap. The book currently draws 60% of capacity, leaving $60.1M available against incoming bids.
Utilization · 60% of $150M
Liquidity held against the 2.5% reserve requirement: $2.25M · Surplus over reserve: $1.12M.
Operational health
Safety, change orders, revenue pacing, and schedule variance across the active portfolio. The platform is clean on safety and subcontractor risk, with revenue running slightly ahead of plan.