Fisk Electric Awarded $29.5 Million Electrical Project for New Commercial Office Building in Florida

Key Terms

solar photovoltaic system technical

A solar photovoltaic system is a setup of solar panels and related equipment that converts sunlight directly into electricity and delivers it to a building, battery storage, or the power grid. Investors care because it turns a free, predictable resource (sunlight) into usable power that can cut operating costs, create revenue or tax incentives, change the value of assets, and affect a company’s long-term energy expenses and environmental credentials—like installing a miniature power plant on a rooftop.

substantial completion technical

Substantial completion is the point when a construction project or asset is finished enough to be used for its intended purpose, even though minor fixes or unfinished items remain. For investors this milestone often triggers major events like final payments, insurance/ liability shifts, the start of revenue generation, or release of retained funds—so it signals reduced construction risk and a move toward cash flow and returns, much like handing over car keys when the vehicle runs despite small scratches.

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LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company (“Fisk”), has been awarded an electrical project valued at approximately $29.5 million by a confidential customer for a new commercial office building in Palm Beach, Florida. Fisk’s scope of work includes installation of electrical systems and components for the new building comprising approximately 250,000 square feet across six floors and a four-level parking structure with approximately 150 EV charging stations and a solar photovoltaic system above the top parking level.

Electrical work has recently commenced, and substantial completion is anticipated in 2029. The contract value will be reflected in the Company’s backlog for the second quarter of 2026.

About Tutor Perini Corporation

Tutor 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 safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260720533475/en/

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Senior Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

Source: Tutor Perini Corporation