Tutor Perini Corporation (NYSE: TPC) has been awarded a design-build contract by the US Air Force (USAF) to design and construct facilities in support of the Royal Saudi Air Force through a foreign military sales program, the company said.
The project was competitively bid through an Air Force Civil Engineer Center multiple award task order contract and is funded by the Kingdom of Saudi Arabia. The contract value of USD 80m will be included as part of the company´s reported first quarter 2017 backlog.
The project entails the design and construction of multiple facilities and site improvements, as well as all utilities, parking lots and access roads within the complex.
Construction is expected to begin in the spring of 2017, with completion by early 2019.
The work will be managed by Tutor Perini´s subsidiary, Perini Management Services, Inc., which specializes in worldwide federal construction. Architect-Engineering services will be provided by Tetra Tech, Inc., of Pasadena, California.
Tutor Perini Corporation is a civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.
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