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Roy Anderson Corp. Awarded Three New Projects

Stocks in this article: TPC

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced three new projects awarded to its subsidiary, Roy Anderson Corp. (RAC). Roy Anderson Corp. is one of the leading general contracting firms in the Southeast, providing quality-oriented general contracting and construction management services for more than five decades.

Scarlet Pearl Casino Resort, D’Iberville, Mississippi Owner: Land Holdings One / Contract Value: approx. $122 million Scope of work: Construction of a 15-story, 300-room hotel with 61,000 sf of gaming space. The hotel tower will include 234 typical guest rooms, 56 suites and ten penthouse suites. The resort will include multiple restaurants, retail space, an event center, pool area, and miniature golf course. Construction is expected to begin in the third quarter of 2014 with substantial completion expected in late 2015. The contract value will be included as part of the Company’s reported second-quarter backlog.

DuPont Bulk Handling Facility – Relocation Project, Gulfport, Mississippi Owner: Mississippi State Port Authority / Total Construction Value: approx. $77.5 million Scope of work: Pre-construction and construction management services to provide ship-to-storage receiving conveyor systems, vertical storage capability (up to 15 new silos for total capacity of 220,000 tons of ilmenite ore and coke), and storage-to-rail or truck load-out conveyor systems. The project will include management of all civil, mechanical, structural, electrical and all other work systems to provide a fully operational facility. Construction is expected to begin in the third quarter of 2014 with a substantial completion expected by June 2016. This construction management contract will be executed under a joint venture between Roy Anderson Corp. and Yates Construction.

Design-Build Renovation of Buildings 1 & 2 at VA Medical Center, Biloxi, Mississippi Owner: Veterans Administration / Contract Value: approx. $31.1 million Scope of work: Complete renovation of Buildings 1 and 2, comprising a total of 135,200 gsf. Work will include complete demolition of existing spaces, upgrading interior utilities, including replacement of HVAC, electrical, and chilled water systems. Construction is expected to begin in the fourth quarter of 2014 with substantial completion expected in January 2017. The contract value is expected to be included as part of the Company’s reported third-quarter backlog.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building 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.

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