{"id":413647,"date":"2021-01-12T17:34:00","date_gmt":"2021-01-12T22:34:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413647"},"modified":"2021-01-12T17:34:00","modified_gmt":"2021-01-12T22:34:00","slug":"granite-joint-venture-awarded-125-million-bay-city-bridges-project-in-michigan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-joint-venture-awarded-125-million-bay-city-bridges-project-in-michigan\/","title":{"rendered":"Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan"},"content":{"rendered":"

<\/p>\n

Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan<\/b><\/p>\n

WATSONVILLE, Calif.–(BUSINESS WIRE<\/a>)–
\nGranite (NYSE:GVA) announced that the joint venture team comprised of Granite and Kraemer North America has been awarded a Construction Manager\/General Contractor (CM\/GC) contract by United Bridge Partners for the Bay City Bridges Project in Bay City, Michigan. CM\/GC procurement involves the contractor during the design and planning phases and offers a lower risk profile for both the contractor and the owner while increasing the overall value to project stakeholders. This process is designed to promote collaboration and to solicit value-adding feedback from the contractor. As a consolidating partner, the total contract award of $125 million is anticipated to be included in Granite’s fourth quarter 2020 committed and awarded projects (CAP)1<\/sup>.\n<\/p>\n

\n\u201cThis project supports our geographic expansion and strategic focus on alternate delivery models,\u201d said Granite Regional Vice President Ryan Clark. \u201cIt also provides growth opportunities for our team members, expands our capabilities in moveable bridge construction and rehabilitation, and reinforces our strong partnership with United Bridge Partners and their mission to repair our national infrastructure by providing privately-funded bridge solutions to public agencies.\u201d\n<\/p>\n

\nThe scope of work includes the rehabilitation of the existing Liberty Bridge and a complete reconstruction and alignment of the Independence Bridge. Both bridges will remain in service through the duration of the project.\n<\/p>\n

\nDesign and preconstruction services are underway, and construction is expected to be complete by the end of 2023.\n<\/p>\n

\n(1) CAP is comprised of unearned revenue and other awards, as well as construction management\/general contractor and alternative procurement projects.\n<\/p>\n

About Granite<\/b><\/p>\n

\nGranite is America\u2019s Infrastructure Company\u2122. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite\u2019s Code of Conduct and strong Core Values guide the company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com<\/a>, and connect with Granite on LinkedIn<\/a>, Twitter<\/a>, Facebook<\/a>, and Instagram<\/a>.\n<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210112006073\/en\/<\/a><\/span><\/p>\n

\nMedia
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Erin Kuhlman 831-768-4111
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Investors
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Lisa Curtis 831-728-7532\n<\/p>\n

KEYWORDS:<\/b> California Michigan United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property Other Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan WATSONVILLE, Calif.–(BUSINESS WIRE)– Granite (NYSE:GVA) announced that the joint venture team comprised of Granite and Kraemer North America has been awarded a Construction Manager\/General Contractor (CM\/GC) contract by United Bridge Partners for the Bay City Bridges Project in Bay City, Michigan. CM\/GC procurement involves the contractor during the design and planning phases and offers a lower risk profile for both the contractor and the owner while increasing the overall value to project stakeholders. This process is designed to promote collaboration and to solicit value-adding feedback from the contractor. As a consolidating partner, the total contract award of $125 million is anticipated to be included in Granite’s fourth quarter … <\/p>\n

Continue reading “Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGranite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-joint-venture-awarded-125-million-bay-city-bridges-project-in-michigan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite Joint Venture Awarded $125 Million Bay City Bridges Project in Michigan WATSONVILLE, Calif.–(BUSINESS WIRE)– Granite (NYSE:GVA) announced that the joint venture team comprised of Granite and Kraemer North America has been awarded a Construction Manager\/General Contractor (CM\/GC) contract by United Bridge Partners for the Bay City Bridges Project in Bay City, Michigan. CM\/GC procurement involves the contractor during the design and planning phases and offers a lower risk profile for both the contractor and the owner while increasing the overall value to project stakeholders. This process is designed to promote collaboration and to solicit value-adding feedback from the contractor. 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