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News Breaks
May 21, 2014
07:30 EDTPRIMPrimoris announces new underground contract work valued at $200M
Primoris Services Corporation announced a new contract award from a large Southern California utility customer totaling $200M. The new contract was secured by Primoris Services’ Underground division of ARB Inc., a Primoris subsidiary and part of the West Construction Services segment. The work will commence in June of 2014 and run through December of 2016. The award is for two of the five regions of the utility’s PSEP Performance Partnership program. The two regions awarded to ARB are the largest of the five from a spend perspective, with a total estimated combined spend of $200M on a reimbursable target price. The majority of the work is class upgrades, either hydrotesting to a higher pressure or replacing existing lines with newer, stronger pipes.
News For PRIM From The Last 14 Days
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November 18, 2014
07:32 EDTPRIMPrimoris announces industrial award with initial value of $290M
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