Five Star Electric Awarded Two Contracts Valued at $123 Million
May 13, 2015
NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its specialty contracting subsidiary, Five Star Electric, has recently been awarded two contracts collectively valued at approximately $123 million.
East Side Access Contract CM-014B - Grand Central Terminal Concourse and Facilities Fit-Out
Contract Value: $90 million
Five Star Electric was awarded a $90-million subcontract by GCT Constructors JV, the contractor responsible for the construction and fit-out of the new LIRR concourse and related facilities at Grand Central Terminal as part of the East Side Access Project. East Side Access is one of the largest infrastructure projects currently underway in the United States and will provide a faster and easier commute from Long Island and Queens to the east side of Manhattan. The scope of work to be performed by Five Star Electric will include lighting, electrical service work, general power, and installation of thousands of feet of raceway for various systems.
Five Star Electric’s scope of work began in April 2015 with substantial completion anticipated by October 2019. East Side Access is being constructed by MTA Capital Construction for the Long Island Rail Road. The contract value was included as part of the Company’s reported first-quarter backlog.
Cortlandt Street Station Restoration – Electrical Package
Contract Value: $33 million
Five Star Electric was awarded a $33-million subcontract by Judlau Contracting Inc., to perform all the electrical work as part of the Cortlandt Street Station restoration. The station is located in the central area of the World Trade Center and had been destroyed in the 9/11 attacks. The electrical scope of work will include all power, lighting, fire alarm, communications, security, and signaling.
Construction is set to start this month with substantial completion anticipated by the first quarter of 2018. The project owner is MTA Capital Construction. The contract value is expected to be included as part of the Company’s reported second-quarter backlog.