Consolidated Water Wins $39.8 Million Central Coast Blue Water Plant Design-Build Contract
Consolidated Water's U.S. subsidiary, PERC Water, signed a fixed-price design-build agreement with the City of Pismo Beach, California, for an advanced water purification facility, with a contract price of approximately $39.8 million. The filing sets a Substantial Completion deadline of September 17, 2028, with liquidated damages and a $14.0 million cap on PERC's total liability, so the contract adds revenue but also carries schedule and performance obligations.
Key points
- Agreement executed October 8, 2026; fixed design-build price of approximately $39.8 million, subject to adjustment.
- Substantial Completion required within 703 calendar days, with a stated date of September 17, 2028; liquidated damages of $2,500 per day, capped at 5% of the contract price (about $2.0 million).
- PERC's total aggregate liability is capped at $14.0 million; performance and payment bonds are each 100% of the contract price.
- The 8-K describes initial capacity of 500 acre-feet per year, expandable to 750, while the October 12, 2026 press release describes annual capacity of approximately 750 acre-feet.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.