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WDF Announces $71 Million Jacob Riis Houses Restoration Project

12/05/18

NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that its subsidiary, WDF Inc., has been approved for award by the New York City Housing Authority for the Sandy Recovery Program Restoration at Jacob Riis Houses. The anticipated contract value is approximately $71.2 million and notice to proceed is expected in the first quarter of 2019.

The project scope of work includes both restoration and infrastructure improvements to the Jacob Riis Housing complex, which consists of twelve buildings spread over a three city block footprint. Upgrades include new emergency generators, electrical distribution equipment and gas services to the buildings. New flood elimination upgrades include deployable dry flood-proofing elements, waterproofing of structures, waterproof architectural finishes and upgrades to sewer/storm management systems. Exterior upgrades include new roadways, sidewalks, green spaces and pedestrian lighting. Architectural improvements include the rehabilitation of building entrances, lobbies and storm damaged portions of all twelve buildings. Work on the project is expected to commence in the summer of 2019 with substantial completion anticipated by mid-2022.

The contract value will be included in the Company’s fourth quarter 2018 backlog.

About WDF, Inc.

WDF is one of the largest full-service specialty contractors in the New York metropolitan region and has provided services to many of the country’s leading owners and developers, construction managers and leading institutions for more than 80 years. WDF’s building group has and continues to provide general contracting services to all major state and city agencies. In-house services include plumbing, heating, ventilation and air conditioning (HVAC), and fire protection. WDF delivers quality projects on time, on budget and with strict attention to safety.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty 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.

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations & Corporate Communications
www.tutorperini.com

Source: Tutor Perini Corporation

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