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  "documentTitle": "Construction Partners, Inc. (ROAD)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-01-23 00:00:00",
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  "notes": "Uses screenshots of official bid reports to substantiate the claim of weak positioning.",
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      "kind": "callout",
      "text": "A review of other project tenders at the Oklahoma DOT reveals that Overland Corp. recently lost an additional tender to APAC-Central (CRH plc). Its lone win was a small asphalt resurfacing project that it won by just $5,000.",
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      "text": "Oklahoma Turnpike Authority bid report showing Overland Corp outbid by APAC-Central",
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      "text": "Oklahoma Department of Transportation contract award showing Overland Corp win by small margin",
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      "text": "Source: OK DOT Contracts and Proposals, Red emphasis Spruce Point",
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