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CHC JV Receives $114 Million Worth Construction Management Contract from UDOT

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Jan 24 2011

Granite Construction Incorporated (NYSE:GVA) announced today that the Copper Hills Constructors (CHC) joint venture team has been awarded a $114 million construction management/general contractor (CM/GC) contract by the Utah Department of Transportation (UDOT) for the second segment of the Mountain View Corridor in western Salt Lake County.

Granite’s share of the contract is 45 percent, or approximately $51 million. Granite will book the project into its fourth quarter 2010 backlog.

Led by Granite, the CHC team includes Kiewit and W.W. Clyde. The contract calls for the construction of approximately 6.5 miles of roadway from Old Bingham Highway North to 5400 South. Work will include signalized intersections, recreational trails, drainage improvements, and new structures.

CHC was awarded the construction management (CM) portion of the contract in the fall of 2009 and the first segment of the general construction (GC) portion in the summer of 2010. The value of the first segment is approximately $106 million.

The first segment of the GC contract is estimated to be complete by November 2012 with the second segment estimated for December 2012.

Source: http://www.graniteconstruction.com/

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