Primoris Services Corporation (NASDAQ Global Select: PRIM)
(“Primoris” or “Company”) today announced a new parking structure award
valued at $11 million. The contract was secured by ARB Structures, part
of the West Construction Services segment. The project is scheduled to
begin in the third quarter of 2015 and is anticipated to be completed in
the third quarter of 2016.
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The award is for a new three-level, 267 space, 168,551 square foot
parking structure, which will serve a major shopping center in San
Diego, California.
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The work includes extensive shoring, mass excavation, and three levels
of post-tensioned cast-in-place concrete, including a movie theater
pad on the upper level. Additional work entails new elevators,
decorative plaster and other finishes, as well as mechanical, plumbing
and electrical systems.
ABOUT PRIMORIS
Founded in 1960, Primoris, through various subsidiaries, has grown to
become one of the largest publicly traded specialty construction and
infrastructure companies in the United States. Serving diverse
end-markets, Primoris provides a wide range of construction,
fabrication, maintenance, replacement, water and wastewater, and
engineering services to major public utilities, petrochemical companies,
energy companies, municipalities, state departments of transportation,
and other customers. Growing both organically and through acquisitions,
the Company’s national footprint now extends nearly nationwide and into
Canada. For additional information, please visit www.prim.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements,
including with regard to the Company’s future performance. Words such as
"estimated," "believes," "expects," "projects," “may,” and "future" or
similar expressions are intended to identify forward-looking statements.
Forward-looking statements inherently involve known and unknown risks,
uncertainties, and other factors, including without limitation, those
described in this press release and those detailed in the "Risk Factors"
section and other portions of our Annual Report on Form 10-K for the
period ended December 31, 2014, and other filings with the Securities
and Exchange Commission. Given these uncertainties, you should not place
undue reliance on forward-looking statements. Primoris does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable
securities laws.
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