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Perini Management Services, Inc. Awarded the Right to Compete for Task Orders Under $2 Billion USACE Energy Resilience and Conservation Investment Program

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multiple-award task order contract regulatory
A multiple-award task order contract is a purchasing framework used by governments or large organizations that pre-qualifies several suppliers to compete for individual work orders over a set period. Think of it like a shop that keeps a short list of trusted vendors and issues specific purchase requests to them as needs arise; for investors, winning a place on such a list can mean steady, predictable revenue but also ongoing competition for each order and dependence on the buyer’s budget and award decisions.
design-build technical
A project delivery method where one firm or team is hired to both design and build a physical project under a single contract. It matters to investors because it centralizes responsibility, often speeding delivery and clarifying who bears schedule and cost risks—think of hiring a single contractor to both draw the plans and do the construction instead of coordinating separate architects and builders. That can reduce surprises but also concentrates decision power and oversight.
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A project delivery method where design is finished first, then contractors compete for the job through bids, and finally the chosen contractor builds the project. Like getting a detailed blueprint, soliciting price quotes, and hiring the lowest suitable bid, it gives investors clearer cost comparisons and contractual separation of design and construction responsibilities. That separation affects schedule predictability, cost risk, and who carries responsibility for design errors—important for forecasting returns and assessing project risk.
cogeneration technical
Cogeneration, also called combined heat and power (CHP), is a way to produce electricity and useful heat at the same time from a single fuel source. Like getting both a hot shower and a charged phone from one power outlet, it uses energy more efficiently than producing power and heat separately, cutting fuel costs, emissions, and reliance on external utilities—factors that can improve operating margins, cash flow stability, and regulatory incentives for investors.
microgrid technical
A microgrid is a small, local electricity system that combines power sources (like solar panels, small generators) and storage (batteries) with controls so it can run either connected to the main utility grid or on its own during outages. For investors, microgrids matter because they reduce outage risk, can lower energy costs, enable new revenue streams (selling excess power or grid services), and reflect growing demand for resilient, decentralized energy infrastructure.
smart water grids technical
A smart water grid is a network of sensors, valves, pumps and software that monitors and controls water supply, flow and quality in real time—think of it as a smart thermostat system for an entire water network. Investors care because it can cut leaks and waste, lower operating costs, improve regulatory compliance and extend asset life, which can reduce utility risk and boost returns for companies that build, operate or supply the technology.
solar photovoltaic power generation technical
Solar photovoltaic power generation is the process of turning sunlight into electricity using flat panels made of semiconductor materials, like turning a roof or field into a small power plant. It matters to investors because these systems create predictable, low‑cost electricity that can produce steady revenue, reduce operating expenses, and benefit from government incentives; they also expose owners to changes in energy prices, technology costs, and policy risks.

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (“PMSI”), has been awarded a construction multiple-award task order contract (“MATOC”) by the U.S. Army Corps of Engineers (“USACE”), Louisville District. The contract provides a shared capacity of $2 billion over 10 years (a three-year base period and seven one-year option periods) for design-build and design-bid-build construction services supporting the Energy Resilience and Conservation Investment Program (“ERCIP”) nationwide.

This MATOC enables PMSI to compete for task orders under the ERCIP, and the scope of services may include the construction of new electrical and water infrastructure, as well as the repair, replacement, and modification of existing systems at U.S. military facilities within the contiguous United States and the Commonwealth of Puerto Rico.

Electrical infrastructure projects may include components such as fossil fuel electrical power generation and cogeneration; solar photovoltaic power generation; power distribution, switching, and protective devices; and microgrid communications and control systems. Water infrastructure projects may include components such as water distribution lines, water purification systems, water storage tanks, and smart water grids.

This ERCIP MATOC award strengthens PMSI’s position within the federal market and enables PMSI to continue supporting USACE’s mission-critical energy and utility infrastructure programs nationwide.

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.

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

Source: Tutor Perini Corporation