- The award is an eighteen month extension of an existing MSA contract with a major utility customer in Northern California.
- The work includes replacement in urban areas of existing low pressure gas distribution mains, services, valves, meters, crew oversite, and all other required work, including street and landscape repairs.
- Primoris' MSA backlog includes four quarters of estimated revenues from MSA contracts. This MSA extension is expected to generate approximately $25 million over the next four quarters. While the MSA does not obligate the customer to award Primoris a specific dollar amount, our discussions with the customer and our history with similar clients form the basis for our anticipated value.
DALLAS, March 22, 2018 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ:PRIM) ("Primoris" or "Company") today announced an extension of a Master Services Agreement ("MSA") with an anticipated value of $40 million. The contract was secured by ARB Underground, part of the Utilities & Distribution segment.