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.
Tutor Perini Awarded $75 Million U.S. Air Force Academy Building Renovations Project
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Perini Management Services, Inc., secured a $74,991,089 contract from the U.S. Army Corps of Engineers for renovations at the Cadet Field House at the U.S. Air Force Academy in Colorado Springs, CO. Work begins immediately with substantial completion expected by October 2025. This contract will enhance the company's backlog for Q1 2023. The project involves mechanical equipment replacement, installation of a new hydraulic track system, scoreboard installation, asbestos abatement, and various upgrades.
Positive
Secured a significant contract valued at $74,991,089, enhancing future revenue.
Work is set to begin immediately, indicating a proactive operational approach.
Substantial completion of the project is expected by October 2025, establishing clear timelines.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a $74,991,089 firm-fixed-price contract by the U.S. Army Corps of Engineers, Omaha District, for Phase 3 building renovations of the Cadet Field House at the U.S. Air Force Academy in Colorado Springs, CO. The scope of work includes replacement of mechanical equipment, installation of a new hydraulic track system, installation of a new scoreboard, asbestos abatement, renovation of staff lockers and team/storage rooms, installation of fire suppression system, fire stair, freight elevator, and catwalk upgrades, and installation of a new roofing system.
Project includes replacing the Cadet Field House track surface. Photo credit: Dan Sims
Work is expected to begin immediately with substantial completion anticipated in October 2025. The contract value will be included in the Company’s first-quarter 2023 backlog.
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.
