{"id":510015,"date":"2021-07-06T17:33:03","date_gmt":"2021-07-06T21:33:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/"},"modified":"2021-07-06T17:33:03","modified_gmt":"2021-07-06T21:33:03","slug":"granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/","title":{"rendered":"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nGranite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award\n<\/p>\n<p>WATSONVILLE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGranite (NYSE:GVA) announced today that it has been awarded the contract to construct Segment 4B of the Highway 101 Carpinteria to Santa Barbara Construction Manager\/General Contractor (CM\/GC) project by the California Department of Transportation (Caltrans). With this announcement, Granite has now secured the third construction contract of the five segment, $410 million project. Granite had previously been <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2Fnewsroom%2Fgranite-awarded-79-million-segment-multi-phase-cmgc-project-reconstruct-highway-101&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=named+construction+manager+for+all+of+Phase+4&amp;index=1&amp;md5=f3249325757f748c97dbb3d26650aa13\">named construction manager for all of Phase 4<\/a>. The approximately $151 million award is anticipated to be included in Granite\u2019s second quarter committed and awarded projects (CAP).\n<\/p>\n<p>\nThe Segment 4B scope of work includes demolition of existing roadway, grading, application of new hot-mix asphalt (HMA) and continuously reinforced concrete paving (CRCP), construction of new retaining walls, sound walls, barrier rail, and bridge replacements. This will create a new HOV lane in the nearly 4-mile segment and refine curve geometry along the roadway, allowing for safer passage and reduced congestion. As a CM\/GC project, Granite works closely with the Caltrans design team throughout the process to improve constructability while reducing construction time, cost, and risk.\n<\/p>\n<p>\n\u201cOnce completed, this project will have a major positive impact on a severely congested section of highway,\u201d said construction manager John Vanlenten. \u201cOur team is excited to start construction on another segment of the \u2018101\u2019 and demonstrate the value of CM\/GC to our clients and project stakeholders.\u201d\n<\/p>\n<p>\nThis project will require 47,700 tons of hot mix asphalt, 65,990 cubic yards of continuously reinforced concrete pavement, and 75,000 tons of aggregate. Much of these materials will be provided by Granite\u2019s Ventura, Gardner, and Bee Rock plant facilities.\n<\/p>\n<p><b>About Granite<\/b><\/p>\n<p>\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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=graniteconstruction.com&amp;index=2&amp;md5=e528b79587d0ad498a2acc923c98828b\">graniteconstruction.com<\/a>, and connect with Granite on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fgranite-construction&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=ccc4de513611c28d49430709c733978a\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fgranite&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=582110daee82060226bbabf01fb2b4ee\">Twitter<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fgraniteconstruction&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=b3ed5defe5a004f0afa3f93cfb1b52d3\">Facebook<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fgraniteconstruction%2F&amp;esheet=52454933&amp;newsitemid=20210706005125&amp;lan=en-US&amp;anchor=Instagram&amp;index=6&amp;md5=39a88d3195eaf8cd51f71ca45c5ce677\">Instagram<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210706005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210706005125\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210706005125\/en\/<\/a><\/span><\/p>\n<p>\nMedia<br \/>\n<br \/>Erin Kuhlman 831-768-4111<br \/>\n<br \/>Investors<br \/>\n<br \/>Wenjun Xu &#8211; 831-761-7861\n<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Construction &amp; Property Transportation Commercial Building &amp; Real Estate Construction &amp; Property Building Systems Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210706005125\/en\/662198\/3\/Granite-Logo-Color.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211; Granite (NYSE:GVA) announced today that it has been awarded the contract to construct Segment 4B of the Highway 101 Carpinteria to Santa Barbara Construction Manager\/General Contractor (CM\/GC) project by the California Department of Transportation (Caltrans). With this announcement, Granite has now secured the third construction contract of the five segment, $410 million project. Granite had previously been named construction manager for all of Phase 4. The approximately $151 million award is anticipated to be included in Granite\u2019s second quarter committed and awarded projects (CAP). The Segment 4B scope of work includes demolition of existing roadway, grading, application of new hot-mix &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award&#8221;<\/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-510015","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award - 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-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211; Granite (NYSE:GVA) announced today that it has been awarded the contract to construct Segment 4B of the Highway 101 Carpinteria to Santa Barbara Construction Manager\/General Contractor (CM\/GC) project by the California Department of Transportation (Caltrans). With this announcement, Granite has now secured the third construction contract of the five segment, $410 million project. Granite had previously been named construction manager for all of Phase 4. The approximately $151 million award is anticipated to be included in Granite\u2019s second quarter committed and awarded projects (CAP). The Segment 4B scope of work includes demolition of existing roadway, grading, application of new hot-mix &hellip; Continue reading &quot;Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-06T21:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210706005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\\\/GC Award\",\"datePublished\":\"2021-07-06T21:33:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/\"},\"wordCount\":439,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210706005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\\\/\",\"name\":\"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\\\/GC Award - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/","og_locale":"en_US","og_type":"article","og_title":"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award - Market Newsdesk","og_description":"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211; Granite (NYSE:GVA) announced today that it has been awarded the contract to construct Segment 4B of the Highway 101 Carpinteria to Santa Barbara Construction Manager\/General Contractor (CM\/GC) project by the California Department of Transportation (Caltrans). With this announcement, Granite has now secured the third construction contract of the five segment, $410 million project. Granite had previously been named construction manager for all of Phase 4. The approximately $151 million award is anticipated to be included in Granite\u2019s second quarter committed and awarded projects (CAP). The Segment 4B scope of work includes demolition of existing roadway, grading, application of new hot-mix &hellip; Continue reading \"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-06T21:33:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210706005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award","datePublished":"2021-07-06T21:33:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/"},"wordCount":439,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210706005125r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-has-secured-third-of-five-highway-101-santa-barbara-project-contracts-with-151-million-cm-gc-award\/","name":"Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM\/GC Award - 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