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Tutor Perini Building Corp. Awarded Contract to Build the AquaBlu Development

02/09/16

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that its subsidiary, Tutor Perini Building Corp., has been awarded a contract by Ocean Land Investments to construct the AquaBlu Development in Fort Lauderdale. The contract value was not disclosed. The project scope of work includes construction of a contemporary, 16-story tower situated in the Las Olas Isles, along the west side of the Intracoastal Waterway, which will feature 35 luxury waterfront residences and an array of amenities encouraging an active lifestyle.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160209006760/en/

Rendering of the AquaBlu development (Photo: Business Wire)

Rendering of the AquaBlu development (Photo: Business Wire)

“Tutor Perini Building Corp. is a well-established firm with vast experience on projects throughout the country,” said Jean Francois Roy, President of Ocean Land Investments. “We are fortunate to have Tutor Perini working with us to achieve our vision for AquaBlu.”

“We are honored to work with Ocean Land Investments on AquaBlu, bringing its spacious condominiums to fruition so that residents can fully appreciate the panoramic views and luxurious amenities,” said Danny Hoisman, Senior Vice President of Tutor Perini Building Corp.

Pre-construction is currently underway and construction is expected to begin in the first quarter of 2016 with substantial completion expected in the second quarter of 2017. The contract value will be included in the Company’s reported fourth quarter 2015 backlog.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients 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.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

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