TZL 1410 (web)

BUSINESS NEWS PRIMORIS SERVICES CORPORATION AWARDED 200 MW THERMAL POWER PROJECT ESTIMATED VALUE OF $100 MILLION Primoris Services Corporation announced the award of a thermal power project with an estimated value of $100 million. The contract was secured by the company’s Energy/Renewables Segment. ❚ ❚ This award is for the engineering, procurement and construction of 200 MW of thermal power for two different locations in the Southwest. The primary scope

of the project includes all civil, electrical and mechanical work associated with construction of these new power generation plants adjacent to existing facilities. ❚ ❚ Initial engineering and procurement of the project will begin in the third quarter of 2021 with completion expected in the second quarter of 2022. Primoris Services Corporation is a leading provider of specialty contracting and critical infrastructure services to the utility, energy/

renewables, and pipeline services markets throughout North America. The Company’s diversified base of blue-chip customers, focus on smaller contracts, and its high proportion of master service agreements have de-risked its portfolio over the last several years. An expanded presence in higher-margin, higher- growth markets such as utility-scale solar facility installations and telecom/broadband infrastructure have also increased its potential for long-term growth.

Landry/French’s rapid response construction delivered a 120,000-square-foot facility in a record 90 days, allowing their client to ramp up production of COVID-19 test kits. The renovations converted an existing Olympia Sports Distribution facility into lab space.

CONCENTRATE ON THE REWARDS, from page 7

KF: We are an employee owner company. The success of the company’s financial performance shows up in their wallets. Becoming an ESOP basically gave every employee another retirement fund. We also have a 401(k) program that matches their contribution up to 4 percent “Tell [clients] the truth about good news and bad news. I want them to be part of the team and keep them informed throughout the process ... Reputation is everything in our business if you want to have the great clients. It doesn’t take long for a bad reputation to spread.” TZL: It is often said that people leave managers, not companies. What are you doing to ensure that your line leadership are great people managers? KF: Our turnover is around 3 percent which speaks volumes about our leadership practices. Most everyone enjoys coming to work every day. Our culture encourages all the employees to act like it’s their own business, because it is their business. Our leadership treats everyone with respect and we value each other’s opinions.

square feet of clean manufacturing space, and 11,000 square feet of laboratory space that includes a BSL II lab. Building infrastructure upgrades included 37,000 square feet of new mechanical mezzanine for the new air handling equipment and compressed air system. The project included adding three new electrical services and a new chilled water plant and generator yard. Under normal circumstances, a project like this would take about 18 months. We hired extra staff and I was personally on the job for 67 days. We completed the job within a few hours of our end goal. Perseverance and tenacity pay off. TZL: What type of leader do you consider yourself to be? KF: Upbeat and optimistic. I generally always start looking at a new project by concentrating on all the rewards, before I will concentrate on the risks. Placing the right team on the project and empowering them to make decisions greatly reduces the risks. When faced with a decision that needs to be made, I concentrate on the positive energy of the situation and generally I can find it. It helps me solve issues quicker and takes a lot less energy than concentrating on the negative aspects. TZL: What benefits does your firm offer that your people get most excited about?

THE ZWEIG LETTER SEPTEMBER 27, 2021, ISSUE 1410

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