An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Rudolph and Sletten Awarded High-Rise Replacement Hospital in Los Angeles County
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Tutor Perini Corporation (NYSE: TPC) has announced that its subsidiary, Rudolph and Sletten, has secured a contract to construct a new Cedars-Sinai Marina del Rey Hospital in Los Angeles County, California. The nine-story facility will span 230,000 square feet and feature advanced medical services, including expanded emergency care, private patient rooms, and specialized operating rooms. Construction is set to begin in October 2021 and is expected to be completed by 2026. This contract adds to the Company’s backlog for Q3 2021.
Positive
Secured a significant contract for a new hospital valued at an unspecified amount.
The project will enhance medical services and infrastructure in Los Angeles County.
Negative
The project completion is scheduled for 2026, indicating a long-term commitment with delayed revenue recognition.
SAN CARLOS, Calif.--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Rudolph and Sletten, has been awarded a contract for construction of a replacement hospital for Cedars-Sinai Marina del Rey Hospital in Los Angeles County, California.
Rendering of the new Cedars-Sinai Marina del Rey Hospital (Source: HDR, Inc.)
The new Cedars-Sinai Marina del Rey Hospital will be a nine-story, 230,000-square-foot, state-of-the-art facility that will feature many new or enhanced services and programs. These include an Emergency Department with expanded diagnostic and treatment facilities, additional private patient rooms, state-of-the-art operating rooms, cardiac catheterization and gastroenterology labs, and interventional procedure suites to handle complex cases, such as treatments for strokes and other image-guided interventions.
The new facility’s location along Lincoln Boulevard will allow the existing hospital to remain open and fully operational during construction, which is scheduled to begin in October 2021 and complete in 2026. The contract value is included in the Company’s third-quarter 2021 backlog.
About Rudolph and Sletten
In the last six decades, Rudolph and Sletten has constructed thousands of projects across our five California offices, from research centers designed to cure diseases, to institutions that educate future generations of leadership. As we have grown, we have built all aspects of life science, higher education, health care, high-tech, government and everything in between. Our success is owed to our diverse, talented personnel combined with our technological expertise, honest estimates, innovative schedules and ethical business practices. Headquartered in San Carlos, Rudolph and Sletten has regional offices in Roseville, Irvine, Los Angeles and San Diego, California.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and specialty 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.
