Perini Management Services, Inc. Awarded Three Federal Contracts Collectively Valued at $164 Million
FRAMINGHAM, MA -- Tutor Perini Corporation (NYSE: TPC) , a leading civil, building and specialty construction company (with roots in Framingham and Ashland MA going back for 1894), announced on October 19, 2022 that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded three fixed-price federal contracts collectively valued at approximately $164 million.
The contracts include two U.S. Coast Guard Hurricane Rebuild projects in Puerto Rico worth a combined $132.5 million. The projects includes demolition of existing buildings and infrastructure, construction of new buildings, site work and paving, utilities, water distribution, waterfront work and resiliency for the San Juan USCG base. The largest building will be the new two-story Multi-Mission Building (MMB) that will be approximately 44,000 square feet and includes an armory, station and aids to navigation (ANT) functions, and central utility plant. The work will be phased to allow continued and uninterrupted base operation by USCG personnel. Work is expected to begin immediately with completion anticipated in May 2027.
The third contract worth $31.6 million was from the U.S. National Park Service for firm-fixed-price construction for repair and upgrades to the Ahwahnee Hotel in Yosemite National Park, California.
A National Historic Landmark, the Ahwahnee Hotel is considered an architectural crown jewel in the National Park System due to its awe-inspiring elegance and rustic architecture. The project includes repair and upgrades to bring the year-round landmark hotel into compliance with current codes, seismic safety standards and accessibility requirements. All renovation work will follow strict guidelines with regard to preservation of the historical elements of the facility.
Source: Tutor Perini press release