TUTOR PERINI WINS $145 MILLION CONTRACTS

Issue

There is no stopping Tutor Perini Corporation. The civil and building construction company, which is building City Island's new hundred plus million dollar bridge has announced four new projects in New York City for its subsidiary, WDF, Inc., collectively valued at more than $145 million. WDF is a leading specialty contractor in the New York region, providing mechanical, electrical, plumbing, and fire protection systems design and construction services to government agencies and commercial clients.

CUNY John Jay College of Criminal Justice – Haaren Hall Renovation Project
Contract value: approx. $17.5 million / Owner: DASNY
Scope of work: Renovation of approximately 55,000 square feet of interior spaces and removal and replacement of 10 mechanical rooms. The project also includes the extension of two chilled water main lines from an adjacent building into Haaren Hall, and extensive mechanical, electrical, plumbing, structural, and architectural work. Construction started in the fourth quarter of 2013. The contract value will be included in the Company’s reported fourth quarter 2013 backlog.

Carbon Addition Facilities at Various Wastewater Treatment Plants
Contract value: approx. $74.3 million / Owner: NYC Dept. of Environmental Protection
Scope of work: Erection of new steel and concrete carbon facilities and major renovation/conversion of two existing buildings into new carbon facilities. Construction is expected to start in the second quarter of 2014. The Company expects to book the contract into backlog in the first quarter of 2014.

New York State Court Officers Training Academy Building Renovation Project
Contract value: approx. $31.2 million / Owner: DASNY
Scope of work: Renovation of three existing buildings in the Prospect Heights section of Brooklyn to create a training academy for the New York State Court Officers. Construction is expected to start in the first quarter of 2014. The contract is pending approval by the New York State Comptroller’s Office, and the Company expects to book the contract into backlog in the first quarter of 2014.

NYU Langone Medical Center – Kimmel Pavilion HVAC Project
Contract value: approx. $22.6 million / Construction Manager: Turner Construction Co.
Scope of work: Installation of new heating, cooling, and fuel oil systems. Construction is expected to start in the first quarter of 2014. The Company expects to book the contract into backlog in the first quarter of 2014.

City Island Images has learned that TPC will hold a conference call at 2:00 PM Pacific Time next Monday, February 24, 2014, to discuss their amazing fourth-quarter and fiscal 2013 results.

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