Granite Joint Venture Team Named to $750 Million Multiple Award Construction Contract by the Naval Facilities Engineering Command, Southwest

Rhea-AI Summary

Granite (NYSE: GVA) and Healy Tibbitts Builders, Inc. have been selected as one of five contractors for a $750 million Waterfront Multiple Award Construction Contract (MACC) by the Naval Facilities Engineering Command, Southwest. This indefinite delivery/indefinite quantity contract includes task orders between $50,000 and $100 million over two base years and three option years through 2025. The contract focuses on new construction, repair, and renovation of waterfront facilities supporting Navy vessels across several states.

Positive

• Selected for a $750 million MACC contract with NAVFAC SW, enhancing growth opportunities.
• Task orders range between $50,000 and $100 million, providing diverse project sizes.

Negative

• None.

The joint venture team comprised of Granite (NYSE: GVA) and Healy Tibbitts Builders, Inc. is one of five contractors selected to participate in a $750 million Waterfront Multiple Award Construction Contract (MACC) by the Naval Facilities Engineering Command, Southwest (NAVFAC SW). The indefinite delivery/indefinite quantity (IDIQ) competitive MACC is comprised of task orders ranging from $50,000 to $100 million, for two base years plus three option years through 2025.

Task order proposals will be submitted for new construction, repair, and renovation of waterfront facilities by design-build or design-bid-build to support Navy vessels and port operations in California, Arizona, Nevada, Utah, Colorado, and New Mexico.

“We look forward to expanding our relationship with NAVFAC SW to construct critical waterfront infrastructure for the U.S. Navy through our joint venture partnership with Healy Tibbitts Builders, Inc. and design partnership with Moffatt and Nichol,” said Matt Tyler, vice president of Granite’s federal operations. “Our firms have a long history of collaboration to deliver the Department of Defense projects and we are pleased to continue this tradition.”

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005290/en/

FAQ

What is the significance of Granite's recent contract with NAVFAC SW?

Granite's selection for a $750 million MACC contract with NAVFAC SW allows the company to expand its infrastructure projects for the U.S. Navy, positively impacting growth.

How long is the duration of the contract awarded to Granite?

The MACC contract has a duration of two base years plus three option years, lasting through 2025.

What types of projects will Granite undertake under this contract?

Granite will focus on new construction, repair, and renovation of waterfront facilities that support Navy vessels.

Who are Granite's partners in the joint venture for this contract?

Granite is partnering with Healy Tibbitts Builders, Inc. for this joint venture.

In which states will the waterfront facilities projects take place?

The projects will support Navy operations in California, Arizona, Nevada, Utah, Colorado, and New Mexico.