“This CM/GC negotiated work aligns perfectly with Granite’s footprint and our portfolio of services. Importantly, this type of procurement allows project owners the opportunity to select a contractor based purely on qualifications and the value they can add to the project delivery process,” said James H. Roberts, Granite President and Chief Executive Officer, adding, “An increase of CM/GC procurement in
“These recent CM/GC wins add to a growing roster of best-value projects on which we have focused our procurement efforts, emphasizing balanced risk and improving returns in our Transportation segment and across the Company. We expect to pursue more than
CM/GC procurement involves the contractor during the design and planning phases, offers a lower risk profile for both the contractor and the owner, while increasing the overall value to taxpayers. Granite’s national CM/GC expertise and local capability is a natural fit for these projects as the nation’s #1 Highway contractor (according to ENR Magazine). The Highway 101 Project is the final phase of a larger program to increase safety, mobility, and provide congestion relief along US 101 in
Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite, America’s Infrastructure Company, is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for nine consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.
Jacque Fourchy, 831-761-4741
Ronald Botoff, 831-728-7532
Source: Granite Construction Incorporated