Posted on July 1, 2026
KDJ Group has updated its 2026 dredging bid market results, compiled in detail through Q2 (ending 6/30).
Through the second quarter, the US bid market was $1.2 billion, on par with last year (which was a relatively weak market by year’s end).
Here’s a comparison:
Through Q2
2026 $1,230,000,000
2025 $1,180,000,000
2024 $1,450,000,000
2023 $1,100,000,000
Concerning is that Federal market was only $780 million (66%), while the non-federal market was $390 million (34%).
Let’s hope the USACE has a strong Q3 (their most active quarter).
Who won the work? Here’s the top ten.
1. Callan Marine $244,000,000 – 21%
2. Weeks Marine $123,000,000 – 11%
3. Orion Marine $90,000,000 – 8%
4. Great Lakes Dredge & Dock – $81,000,000 – 7%
5. Manson Construction $72,000,000 – 6%
6. Cottrell Contracting $71,000,000 – 6%
7. Norfolk Dredging $67,000,000 – 6%
8. Inland Dredging $47,000,000 – 4%
9. Dutra Group $35,000,000 – 3%
10. Ryba Marine $28,000,000 – 2%
Source: KDJ Group
