Tag Archives: Tutor Perini

Business, Finance, Occupation & Industry

Tutor Perini Joint Venture Selected for $985 Million California High-Speed Rail Design-Build Contrac

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By Business Wirevia The Motley Fool

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Tutor Perini Joint Venture Selected for $985 Million California High-Speed Rail Design-Build Contract

SYLMAR, Calif.–(BUSINESS WIRE)– Tutor Perini Corporation (NYS: TPC) , a leading civil and building construction company, today announced that its joint venture’s bid, valued at approximately $985 million, was recently identified by the California High-Speed Rail Authority (Authority) as the “apparent best value” for the design and construction of the initial Madera to Fresno segment of the California high-speed rail system. The Authority’s Board of Directors is expected to approve the design-build contract for this project in the coming weeks. Once the contract is awarded, Tutor Perini‘s portion of the contract value will be added to the Company’s backlog.

Tutor Perini is the managing partner of the joint venture team, which includes Zachry Construction Corporation of San Antonio, Texas and Parsons Corporation of Pasadena, California. Initial work on this project is planned to begin by July 2013. The project is anticipated to create more than 1,000 construction jobs per year over its four-year duration.

Ron Tutor, Chairman and CEO of Tutor Perini, said, “We are very pleased to be selected for the design and construction of the nation’s first high-speed rail project. Our team brings expert resources and a long history of successfully completed mega-scale rail and transit projects. This project will lay the groundwork for California’s new modern transportation infrastructure while providing a much-needed economic boost to the Central Valley.”

For more information about the California High-Speed Rail project, visit www.cahighspeedrail.ca.gov.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures. For more about Tutor Perini, please visit www.tutorperini.com.

About Zachry Construction Corporation

Rooted in 85 years of experience, Zachry Construction Corporation was formed in 2008 in a realignment of the Zachry family enterprise. The company’s legacy includes more than 5,500 public and private sector projects across the country and around the world. From the Dallas “High Five” Interchange to the U.S. Embassy in Moscow, Zachry Construction Corporation

From: http://www.dailyfinance.com/2013/04/17/tutor-perini-joint-venture-selected-for-985-millio/

Business, Finance, Occupation & Industry

Tutor Perini Awarded Construction Contract for Hudson Yards South Tower in New York City

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By Business Wirevia The Motley Fool

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Tutor Perini Awarded Construction Contract for Hudson Yards South Tower in New York City

NEW YORK–(BUSINESS WIRE)– Tutor Perini Corporation (NYS: TPC) , a leading civil and building construction company, today announced that its subsidiary, Tutor Perini Building Corp., was recently awarded a construction contract by Related Companies (“Related”) and Oxford Properties Group to build the South Tower at Hudson Yards, a 26-acre mixed-use development in midtown Manhattan. The 1.7 million-square-foot, 47-story South Tower, located at the northeast corner of 10th Avenue and 30th Street, will be the future home of Coach, Inc.’s world headquarters. Construction commenced on the anticipated LEED Gold tower late last year and is expected to be complete in 2015. Kohn Pedersen Fox Associates is the architect and Thornton Tomasetti is the structural engineer. Tutor Perini‘s contract value will be included as part of the Company’s reported first quarter backlog. The contract value excludes certain subcontractor costs which Related will retain through its direct contracts with those subcontractors, but includes an anticipated profit amount that is based on the total construction value of the South Tower project.

Tutor Perini is working closely with the Building and Construction Trades Council of Greater New York and its affiliated unions. The Hudson Yards development is expected to create nearly 23,000 construction jobs. Related Companies and Oxford Properties Group retained Tutor Perini as the general contractor for Hudson Yards in January 2012.

Craig Shaw, President and CEO of Tutor Perini Building Corp., said, “We are pleased to be moving forward with construction of the South Tower at Hudson Yards, and we look forward to starting work later this year on the additional phases of this historic project, which will transform and vitalize midtown Manhattan’s west side over the coming years.”

Hudson Yards is the largest private development in New York City since Rockefeller Center. The site, which is the single largest piece of undeveloped property in Manhattan, is set to become the centerpiece of the historic expansion of midtown Manhattan’s central business district to the west side. It will accommodate over 13 million square feet, including over 6 million square feet of commercial space, approximately 5,000 residences, a new public school, and luxury hotel.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Tutor Perini to Participate in UBS Engineering & Construction One-on-One Conference

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By Business Wirevia The Motley Fool

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Tutor Perini to Participate in UBS Engineering & Construction One-on-One Conference

SYLMAR, Calif.–(BUSINESS WIRE)– Tutor Perini Corporation (NYS: TPC) , a leading civil and building construction company, today announced that Mike Kershaw, Executive Vice President and Chief Financial Officer, and Jorge Casado, Director of Investor Relations, will be participating in the UBS Engineering & Construction One-on-One Conference in New York City on Tuesday, March 12, 2013. The conference presentation will be posted on the Investor Relations section of Tutor Perini‘s website by the morning of the conference.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Director, Investor Relations
www.tutorperini.com

KEYWORDS:   United States  North America  California  New York

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