{"id":815261,"date":"2025-02-19T20:03:06","date_gmt":"2025-02-20T01:03:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tutor-perini-og-jv-announces-pending-contract-for-the-3-76-billion-new-york-city-borough-based-jail-system-manhattan-facility\/"},"modified":"2025-02-19T20:03:06","modified_gmt":"2025-02-20T01:03:06","slug":"tutor-perini-og-jv-announces-pending-contract-for-the-3-76-billion-new-york-city-borough-based-jail-system-manhattan-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tutor-perini-og-jv-announces-pending-contract-for-the-3-76-billion-new-york-city-borough-based-jail-system-manhattan-facility\/","title":{"rendered":"Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }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 class=\"bwalignc\"><b>Tutor Perini-O&amp;G JV Announces Pending Contract for the <\/b><b>$3.76 Billion New York City Borough-Based Jail System, Manhattan Facility<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTutor Perini Corporation (NYSE: TPC) (the \u201cCompany\u201d), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&amp;G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor Perini-O&amp;G JV. The anticipated contract amount is $3,764,251,168. The contract term is expected to be 2,646 consecutive calendar days (seven years and three months) until final completion.\n<\/p>\n<p>\nThe project scope includes design and construction of a new state-of-the-art facility that will have dedicated space for on-site services and programming, indoor and outdoor recreation, food services, staff offices and facilities, amenities, below-grade accessory parking, and a secured entry. The new facility will contain 1,040 beds and provide 125 accessory parking spaces below grade for all staff and service providers. In addition, the facility will provide 20,000 square feet of community and commercial space on the ground floor.\n<\/p>\n<p>\nTutor Perini is the managing partner in the joint venture with O&amp;G serving as a 25% partner. The joint venture\u2019s design partner is HOK.\n<\/p>\n<p>\nThe contract value was added to the Company\u2019s backlog in the fourth quarter of 2024.\n<\/p>\n<p><b>About Tutor Perini Corporation<\/b><\/p>\n<p>\nTutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers 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. We offer general contracting, pre-construction planning and comprehensive project management services, including planning and scheduling of manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing and heating, ventilation and air conditioning (HVAC).\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250219487195r1&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\/20250219487195\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250219487195\/en\/<\/a><\/span><\/p>\n<p>\nTutor Perini Corporation<br \/>\n<br \/>Jorge Casado, 818-362-8391<br \/>\n<br \/>Vice President, Investor Relations and Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tutorperini.com&amp;esheet=54210480&amp;newsitemid=20250219487195&amp;lan=en-US&amp;anchor=www.tutorperini.com&amp;index=1&amp;md5=b3386a998e40d5f79adbbb0620344fa7\">www.tutorperini.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Public Policy\/Government State\/Local Architecture Other Construction &amp; Property Commercial Building &amp; Real Estate Construction &amp; Property Urban Planning<\/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\/20250219487195\/en\/836779\/3\/Tutor_Perini_Corp_CMYK_COLOR_forBWrelease.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>Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Tutor Perini Corporation (NYSE: TPC) (the \u201cCompany\u201d), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&amp;G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor Perini-O&amp;G JV. The anticipated contract amount is $3,764,251,168. The contract term is expected to be 2,646 consecutive calendar days (seven years and three months) until final completion. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tutor-perini-og-jv-announces-pending-contract-for-the-3-76-billion-new-york-city-borough-based-jail-system-manhattan-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility&#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-815261","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility - 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\/tutor-perini-og-jv-announces-pending-contract-for-the-3-76-billion-new-york-city-borough-based-jail-system-manhattan-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tutor Perini-O&amp;G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Tutor Perini Corporation (NYSE: TPC) (the \u201cCompany\u201d), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&amp;G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor Perini-O&amp;G JV. The anticipated contract amount is $3,764,251,168. The contract term is expected to be 2,646 consecutive calendar days (seven years and three months) until final completion. 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The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor Perini-O&amp;G JV. The anticipated contract amount is $3,764,251,168. The contract term is expected to be 2,646 consecutive calendar days (seven years and three months) until final completion. 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