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BUSINESS NEWS TUTOR PERINI-NAN JV AWARDED ADDITIONAL $232 MILLION FOR THE APRA HARBOR WATERFRONT REPAIRS PROJECT FOR A TOTAL AWARDED VALUE OF $563 MILLION Tutor Perini Corporation, a leading civil, building and specialty construction company, announced today that the Tutor Perini-Nan Joint Venture has been awarded several options by the Naval Facilities Engineering Systems Command, Marianas, for additional scope of work on the previously announced Apra Harbor Waterfront Repairs Project in Guam. The additional scope options are valued at approximately $232 million, bringing the total contract value of the project to approximately $563 million. This is a design-build construction project to repair the Apra Harbor’s Glass Breakwater and restore and modernize waterfront areas that have been physically eroded and damaged from storms, including the recent Typhoon Mawar in May 2023. The project scope of work now
includes repairs to various sections of the Glass Breakwater to minimize future breaching potential of the breakwater, as well as shoreline repairs to the inner harbor. Tutor Perini is the managing partner in the joint venture, with Nan, Inc. serving as a 30 percent partner. The Company’s Guam-based subsidiary, Black Construction Corporation, is managing the execution of the work on this project. Design work is already underway with in-water construction anticipated to commence in the fourth quarter of 2025 and substantial completion expected in July 2029. The $232 million incremental value related to the approved options will be added to the Company’s backlog in the first quarter of 2025. 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.
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CHAD CLINEHENS & STEVE HAKE, from page 1
■ Wealth management (through a partnership with Stonebridge Financial Group) Similarly, Zweig Group’s expertise – especially in executive search, industry insights, and leadership development becomes even more accessible to SN clients. An additional driver for joining forces is combining our abundant thought leadership. SN delivers more than 60 webinars and virtual user groups, and live trainings on a variety of topics throughout the year. Zweig Group offers nearly a dozen industry insight reports annually, along with a host of roundtables and conferences for executives each year, including the industry’s preeminent awards program. All of these translate into more opportunities for you to stay connected, learn, and develop as professionals and leaders in your AEC businesses. We’re thrilled about what this partnership will bring, and we hope you are, too. Whether through webinars, surveys, events, or consulting services, we are committed to delivering greater value and deeper insights to help your business succeed. We look forward to collaborating with you, sharing knowledge, and driving meaningful growth together. And, as always, we welcome your feedback. Onwards and upwards, AEC! Chad Clinehens is president and CEO of Zweig Group. Contact him at cclinehens@ zweiggroup.com. Steve Hake is president and CEO of Stambaugh Ness. Connect with him on LinkedIn.
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THE ZWEIG LETTER MARCH 31, 2025, ISSUE 1579
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