Tag Archives: James Construction Group

Business, Finance, Occupation & Industry

Primoris Services Corporation Announces New Contract Work Valued at over $322 Million

Leave a comment

By Business Wirevia The Motley Fool

Filed under:


Primoris Services Corporation Announces New Contract Work Valued at over $322 Million

DALLAS–(BUSINESS WIRE)– Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced new contract work totaling approximately $322.7 million for the period between January 1, 2013 and March 31, 2013. This contract work is in addition to the two large projects announced last week. The new contracts and work authorizations secured by Primoris subsidiaries include power, pipeline, gas utility, water/wastewater, and highway infrastructure projects throughout the continental United States.

Approximately 38% of the new work will be performed under reimbursable contracts and will not be included in backlog at the end of the quarter.

In the East Construction Services Segment:

  • Cardinal Contractors secured approximately $12.4 million of new contract work. Roughly $6.5 million of the work is for wastewater plant improvements located in Texas. The $5.9 million of new awards in Florida includes new water/wastewater construction projects and rehabilitation/lining work. The majority of this work should be completed by the end of 2013.
  • James Construction Group was awarded new contract work totaling approximately $82.5 million.
    • The James Heavy Civil group new work encompasses over $40.1 million of new highway and transportation infrastructure projects across central and southeast Texas, and approximately $5.6 million of new bridge and highway work in Louisiana. These projects will extend in to mid-2015.
    • The James Industrial group was awarded over $31.1 million for construction related to chemical and industrial facilities in south Louisiana. The works should be substantially completed by the end of 2014.
    • The James Infrastructure and Maintenance group was awarded approximately $5.7 million for power plant, industrial, and landfill-related site work in Louisiana and Texas. This work should also be completed substantially by the end of 2014.
  • Saxon Construction, as part of a joint venture arrangement, was awarded approximately $76.5 million for industrial facility construction projects in Arkansas and south Texas. Saxon expects to perform $42.5 million of the $76.5 million total award. This work should be completed near year-end 2015. Saxon was also awarded a $3 million project associated with a gas processing facility in Oklahoma that should be completed by the end of 2013.
  • Sprint Pipeline Services secured additional awards for $27.6 million …read more
    Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

Primoris Services Corporation Announces New Contract Work Valued at $393 Million

Leave a comment

By Business Wirevia The Motley Fool

Filed under:


Primoris Services Corporation Announces New Contract Work Valued at $393 Million

DALLAS–(BUSINESS WIRE)– Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new major contract awards totaling over $393 million. The new contracts were secured by ARB and James Construction Group, two Primoris subsidiaries. The projects include a major utility alliance contract for pipeline integrity work in California and a large highway infrastructure project in Mississippi.

In the West Construction Services Segment:

  • The ARB Underground group has been selected by Pacific Gas and Electric, through an “alliance” process, to receive a three year contract, with two one-year options, as part of their PSEP (Pipeline Safety Enhancement Plan) program.
    • ARB was awarded the “Bay Area” of California, which includes the San Francisco, San Jose, and Oakland regions.
    • This alliance agreement replaces the delivery system PG&E has used for their integrity work in previous years. The contract work will encompass all forms of system integrity upgrades including hydrotesting, valve automation/replacement, and in-line inspection/replacement.
    • The work will begin immediately and is initially valued at roughly $100 million/year for a total of $300 million over the course of the three year contract.

In the East Construction Services Segment:

  • MDOT, the Mississippi Department of Transportation, recently awarded James Construction Group a new contract valued at approximately $93.5 million for rehabilitation and improvements to Interstate 55 south of Jackson, Mississippi. The project is slated to start in the second quarter of 2013 and should be complete in the first quarter of 2016. The work scope includes roughly:
    • 850,000 cubic yards of excavation
    • 350,000 tons of asphalt
    • 95,000 linear feet of cast-in-place barrier rail
    • two bridges


ABOUT PRIMORIS

Founded in 1946, Primoris, through various subsidiaries, has grown to become one of the largest specialty contractors and infrastructure companies in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, …read more
Source: FULL ARTICLE at DailyFinance