Tutor Perini-O&G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility
20 February 2025 - 12:00PM
Business Wire
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading
civil, building and specialty construction company, announced today
that the Tutor Perini-O&G Joint Venture is in the process of
executing contract documents for the previously announced Manhattan
Jail Project in New York. The City of New York recently held a
public hearing regarding the proposed contract for this project
between the New York City Department of Design and Construction and
the Tutor Perini-O&G JV. The anticipated contract amount is
$3,764,251,168. The contract term is expected to be 2,646
consecutive calendar days (seven years and three months) until
final completion.
The project scope includes design and construction of a new
state-of-the-art facility that will have dedicated space for
on-site services and programming, indoor and outdoor recreation,
food services, staff offices and facilities, amenities, below-grade
accessory parking, and a secured entry. The new facility will
contain 1,040 beds and provide 125 accessory parking spaces below
grade for all staff and service providers. In addition, the
facility will provide 20,000 square feet of community and
commercial space on the ground floor.
Tutor Perini is the managing partner in the joint venture with
O&G serving as a 25% partner. The joint venture’s design
partner is HOK.
The contract value was added to the Company’s backlog in the
fourth quarter of 2024.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and
specialty construction company offering diversified general
contracting and design-build services to private customers 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. We offer
general contracting, pre-construction planning and comprehensive
project management services, including planning and scheduling of
manpower, equipment, materials and subcontractors required for a
project. We also offer self-performed construction services
including site work, concrete forming and placement, steel
erection, electrical, mechanical, plumbing and heating, ventilation
and air conditioning (HVAC).
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version on businesswire.com: https://www.businesswire.com/news/home/20250219487195/en/
Tutor Perini Corporation Jorge Casado, 818-362-8391 Vice
President, Investor Relations and Corporate Communications
www.tutorperini.com
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