That was the takeaway from Tutor Perini’s third quarter conference call on Nov. 6, where the heavy civil contractor said it now has so much work lined up it’s considering hitting the pause button when it comes to bidding additional major projects.

After telling investors the firm had a runway of $14 billion in future work on its books, and the potential to add to it with additional multibillion dollar jobs it has already bid on in the near term, CEO and Chairman Ron Tutor said the firm would likely take a break from bidding multiyear megaprojects valued at $500 million or more, at least for a while.

Tutor announced the pivot at the same time his firm dropped a $101 million loss for the quarter, even bigger than the $37 million loss it reported a year ago. Revenues came in at $1.08 billion, a 2% gain from the same period in 2023.

The company warned investors Oct. 21 that it would likely have a loss due to unfavorable dispute settlements that it estimated at $145 million at the time. Those charges actually came in at $152 million.