Tutor Perini Corporation announced on October 29, 2024, that its subsidiary, Rudolph and Sletten, has been awarded a contract valued at more than $1 billion. The project is for a healthcare campus in California.
The scope of work includes the construction of a new hospital, an energy center, and a parking garage. This project represents a significant addition to the company's building segment.
Work is expected to begin in late 2024, with substantial completion anticipated in 2029. The contract value was added to the company's backlog in the third quarter of 2024.
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