TPC - Tutor Perini JV gets $106.8M contract to build officer quarters in Guam

Tutor Perini (NYSE:TPC) said Friday its joint venture with unit Black Construction was awarded a firm fixed-price contract valued at ~$106.8M to build officer quarters in Guam. The contract is from the Naval Facilities Engineering Systems Command, Pacific Division to construct the Bachelor Officer Quarters-B project at Marine Corps Base Camp Blaz in Guam. The contract is funded by the Japanese govt. as part of a deal between the U.S. and Japan to relocate military personnel from Okinawa to Guam. The project scope of work includes construction of a multi-story housing tower with an attached one-story common area wing. Engineering work has begun, with field work expected to start in Jul. and substantial completion expected in Dec. 2024. The contract value will be included in TPC's Q2 backlog.

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Tutor Perini JV gets $106.8M contract to build officer quarters in Guam