Hudson Yards - Multiple Projects - New York, NY - Total $2.3 Billion

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Tutor Perini-led Team Sets Record in Philadelphia on the W/Element Hotel

08/15/16

PHILADELPHIA--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that the Philadelphia office of its subsidiary, Tutor Perini Building Corp., has recently set a record in Philadelphia with the mat foundation pour for the W/Element Hotel.

Beginning on Saturday morning, July 9, 2016 at 2:00 a.m., Tutor Perini Building Corp. and the team responsible for the construction of the new W/Element Hotel development made history in Center City Philadelphia. Five thousand eight hundred fifty cubic yards of concrete were placed to build the massive steel-reinforced mat foundation of the 51-story, 755-room dual-branded complex operated by Starwood Hotels & Resorts Worldwide, Inc. The 28-hour effort – completed at 6:00 a.m. on Sunday, July 10, 2016 – resulted in the largest continuous concrete pour in Philadelphia history.

To commemorate the event, the milestone was recorded with time-lapse cameras, and we are pleased to provide a web link to the first of two programs about the pour. The link, https://youtu.be/3nlJ6zb5mJw, will take you (and those with whom you share the link) to a brief, four-minute presentation describing the event. A more detailed video is in production and will be released soon.

Tutor Perini was awarded the approximately $239 million contract in 2015 by Chestlen Development and Vine Street Matthews, a joint venture between Matthews Southwest and Vine Street Ventures. Cope Linder Architects is the project designer. O’Donnell & Naccarato is the structural engineer. Thomas P. Carney was the concrete subcontractor.

Tutor Perini’s top local executive, Peter Sukalo, said, “After years in the making, Tutor Perini Building Corp. is proud to be building this long-awaited addition to Center City and continue our track record of building high-profile projects in Philadelphia.”

About Tutor Perini Building Corp.

Tutor Perini Building Corp. is a wholly owned subsidiary of Tutor Perini Corporation (NYSE: TPC) and is part of Tutor Perini’s Building Group. The Building Group provides preconstruction and construction expertise to a wide range of public and private market segments, including education, healthcare, entertainment and hospitality throughout the United States. For more information about Tutor Perini Building Corp., visit www.tutorperinibuilding.com.

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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