Granite Selected for $90 Million Construction Manager/General Contractor Project in Northern California

Rhea-AI Summary

Granite (NYSE:GVA) has been awarded a $90 million contract by California Department of Transportation for the State Route 70 Binney Junction Roadway Rehabilitation project. The first phase, valued at $1.3 million, involves design collaboration with Caltrans. The project includes utility relocation, drainage reconstruction, and roadway enhancements in Marysville. This marks Granite's third CM/GC project with Caltrans District 3 since 2018, enhancing its portfolio in California's infrastructure sector.

Positive

• Awarded a $90 million project by Caltrans, expanding contract portfolio.
• First phase worth $1.3 million focuses on design and cost estimating.
• Strengthens collaboration with Caltrans District 3, indicating strong relationship.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that it has been selected by the California Department of Transportation (Caltrans) as the Construction Manager/General Contractor (CM/GC) for the approximately $90 million State Route 70 Binney Junction Roadway Rehabilitation and Complete Streets CM/GC project. In the first phase of this project, valued at $1.3 million, Granite will work closely with Caltrans and project designers on the design, constructability, and cost estimating portions of the project.

The project will be located on SR 70 in the City of Marysville, in Caltrans District 3. The scope of work includes relocating utilities, reconstructing existing drainage systems, roadway widening and profile changes, replacing existing railroad structures at the Binney Junction Underpass and Marysville Underpass, realigning a portion of the Valley Subdivision and Sacramento Subdivision track alignments, and relocating an existing finger levee.

“This is Granite’s third CM/GC project with Caltrans District 3 since 2018, and further enhances Granite’s portfolio of CM/GC, railroad, and levee work in the California Valley Region,” explained Colin Crawford, chief estimator for the Sacramento Area. “We are grateful for the opportunity to continue our collaborative partnership with Caltrans District 3 while providing vital infrastructure improvements to the Marysville community.”

The Construction Management (CM) portion of the Binney Junction project is expected to begin in Q1, 2022 and the General Contractor (GC) phase is expected to begin in Q1, 2023.

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/20220105005329/en/

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of the Granite project awarded by Caltrans?

Granite has been awarded a $90 million contract for the State Route 70 project.

When does the construction management phase of the project begin?

The construction management phase is expected to begin in Q1 2022.

Where is the SR 70 Binney Junction project located?

The project is located in Marysville, California.

What is the scope of work for Granite's new project?

The project includes utility relocation, drainage reconstruction, and roadway widening.

How many projects has Granite completed with Caltrans District 3?

This is Granite's third CM/GC project with Caltrans District 3 since 2018.