DALLAS, TX--(Marketwired - August 11, 2016) - Primoris Services Corporation (NASDAQ: PRIM) ("Primoris" or "Company") today announced a new heavy civil award valued at approximately $16 million. The contract was secured by James Construction Group, part of the East Construction Services segment.
- The project was awarded by the Harris County Flood Control District and is located in Harris County, Texas.
- The project consists of the construction of two retention ponds designed to help alleviate flooding concerns in the area.
- The scope of work includes excavating 1.5 million cubic yards of soil, removing 36,000 linear feet of existing pipe, and installing 7,000 square feet of new concrete ditch liner.
- Work is scheduled to commence in the third quarter of 2016 and to be completed in the third quarter of 2018.
Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest publicly traded specialty construction and infrastructure companies in the United States. Serving diverse end-markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Growing both organically and through acquisitions, the Company's national footprint now extends nearly nationwide and into Canada. For additional information, please visit www.prim.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements, including with regard to the Company's future performance. Words such as "estimated," "believes," "expects," "projects," "may," and "future" or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the "Risk Factors" section and other portions of our Annual Report on Form 10-K for the period ended December 31, 2015, and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.