LV Construction — operations at a glance
A snapshot of the active construction book, contract backlog, and year-to-date financial performance across the Six Peak Construction LA portfolio. Eleven jobs are in the book — five under construction, four mobilizing, and two pending capitalization (Scott & Klump) — against $74.2M of current contract value and a $43.2M backlog.
The active construction book
Eleven jobs totaling $74.2M of current contract value. Crenshaw is in wrap-up; Ramsgate, Califa, Whipple and Nelrose are mid-build; Francis, Riverton, Lexington and Acama are mobilizing; Scott and Klump are pending capitalization.
| Job | Current Contract | Billed to Date | Backlog | % Complete | Job End | Status |
|---|---|---|---|---|---|---|
| Crenshaw | $15.21M | $10.54M | $4.68M | 73% | Jul 2026 | Wrap-Up |
| Ramsgate | $25.99M | $10.51M | $15.47M | 46% | Jul 2027 | On Schedule |
| Califa | $13.43M | $4.79M | $8.63M | 35% | Jun 2027 | On Schedule |
| Whipple | $15.35M | $3.79M | $11.56M | 23% | Jun 2027 | On Schedule |
| Nelrose | $4.24M | $1.42M | $2.81M | 33% | Aug 2027 | On Schedule |
| Francis | Pending buyout | — | — | 0% | Jan 2029 | Starting Aug 2026 |
| Riverton | Pending buyout | — | — | 0% | Jan 2028 | Pre-construction |
| Lexington | Pending buyout | — | — | 0% | Jan 2028 | Pre-construction |
| Acama | Pending buyout | — | — | 0% | Apr 2028 | Pre-construction |
| Scott | Pending | — | — | 0% | Mar 2028 | Pending capitalization |
| Klump | Pending | — | — | 0% | Feb 2028 | Pending capitalization |
| Total | $74.21M | $31.05M | $43.16M | — | — |
Current Contract = Original Contract + Net Change Orders ($0.39M across the book). Backlog = Current Contract − Billed to Date. Francis, Riverton, Lexington and Acama have not yet completed buyout, so contract values are not finalized; Scott and Klump are pending capitalization and carry mobilization entries only. % Complete is cost-to-date against current budget.
Job financial results · YTD & job-to-date
Profit and loss by job for fiscal-year-to-date 2026 and over the full life of each project. The book is running an 11% gross margin and a 3% net margin year-to-date, firming to 12% gross / 4% net on a job-to-date basis as jobs mature.
| Job | Revenue | Cost of Sales | Gross Profit | GM% | Overhead | Net Profit | NM% |
|---|---|---|---|---|---|---|---|
| Crenshaw | $4,392,169 | $3,990,806 | $401,363 | 9% | $219,704 | $181,659 | 4% |
| Ramsgate | $7,791,955 | $6,999,977 | $791,978 | 10% | $401,047 | $390,931 | 5% |
| Califa | $4,485,520 | $3,974,329 | $511,191 | 11% | $274,171 | $237,020 | 5% |
| Whipple | $3,408,422 | $2,996,703 | $411,719 | 12% | $237,938 | $173,781 | 5% |
| Nelrose | $1,353,189 | $1,208,438 | $144,751 | 11% | $155,434 | ($10,683) | -1% |
| Francis | $77,948 | $15,130 | $62,818 | 81% | $212,784 | ($149,966) | -192% |
| Riverton | $0 | $311 | ($311) | — | $32,722 | ($33,033) | — |
| Lexington | $0 | $50 | ($50) | — | $25,095 | ($25,145) | — |
| Acama | $0 | $5,214 | ($5,214) | — | $22,795 | ($28,009) | — |
| Scott | $0 | $50 | ($50) | — | $0 | ($50) | — |
| Klump | $0 | $50 | ($50) | — | $0 | ($50) | — |
| Total | $21,509,203 | $19,191,058 | $2,318,145 | 11% | $1,581,690 | $736,455 | 3% |
| Job | Revenue | Gross Profit | GM% | Net Profit | NM% |
|---|---|---|---|---|---|
| Crenshaw | $10,598,175 | $1,109,114 | 10% | $395,658 | 4% |
| Ramsgate | $10,648,980 | $1,333,623 | 13% | $564,506 | 5% |
| Califa | $4,789,448 | $662,822 | 14% | $364,470 | 8% |
| Whipple | $3,651,826 | $543,067 | 15% | $280,948 | 8% |
| Nelrose | $1,353,189 | $144,751 | 11% | ($81,468) | -6% |
| Francis | $77,948 | $62,768 | 81% | ($340,216) | -437% |
| Riverton | $0 | ($311) | — | ($33,033) | — |
| Lexington | $0 | ($50) | — | ($25,145) | — |
| Acama | $0 | ($5,214) | — | ($28,009) | — |
| Total | $31,119,566 | $3,850,570 | 12% | $1,097,711 | 4% |
Source: 06.2026 Consolidated Financials (KPI). Francis carries early-stage overhead against minimal recognized revenue, producing a large negative net margin that will normalize as the job ramps. Riverton, Lexington and Acama show only mobilization overhead; Scott and Klump have de minimis mobilization entries and no job-to-date history yet.
Staffing & payroll allocation
June payroll allocation across the book: $198.6K/month allocated over nine active jobs and five G&A functions — a step-down from $295.9K in May as Crenshaw winds down and the mix shifts to early-stage jobs. People are shared across jobs, so per-job counts overlap; unique headcount was last confirmed at 21.
| Job / Function | People on Job | Monthly Payroll | % of Total |
|---|---|---|---|
| Crenshaw | 5 | $21,108 | 11% |
| Ramsgate | 9 | $35,281 | 18% |
| Califa | 9 | $29,694 | 15% |
| Whipple | 9 | $29,310 | 15% |
| Francis | 4 | $24,788 | 12% |
| Nelrose | 7 | $23,127 | 12% |
| Riverton | 6 | $10,966 | 6% |
| Lexington | 3 | $6,282 | 3% |
| Acama | 3 | $6,282 | 3% |
| Business Development | 1 | $1,538 | 1% |
| Estimating | 1 | $4,154 | 2% |
| Internal Management | 2 | $4,231 | 2% |
| Office Management | 1 | $1,346 | 1% |
| Payroll / Paperwork | 1 | $538 | 0% |
| Total | — | $198,646 | 100% |
Source: 06.2026 Consolidated Financials (STAFFING). “People on Job” counts everyone who charged time to that job in June — individuals appear on multiple jobs (61 job-assignments across the book), so the column intentionally does not total to unique headcount. Unique headcount was last confirmed at 21 (April staffing allocation, Grady Lakamp → Robert Carrega). June allocated payroll totals $198,646, down from $295,949 in May.
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 across the active portfolio. Revenue-to-date is live from the financials; safety, change-order and schedule metrics await an operational data feed.