Primoris announces over US$ 262 million in new contracts

Primoris Services Corporation has announced new contracts and work authorisations totalling US$ 262.5 million for the period between 1^st January 2014 and 31^st March 2014, of which it is expected that approximately US$ 7 million will have been recognised as revenue in the first quarter of 2014. The new contracts and work authorisations include work in the following end markets: pipeline, gas utility, industrial, highway/infrastructure, water/wastewater, and parking structure projects.

West construction services segment

The ARB Underground Group secured nearly US$ 47 million in new contracts and work authorisations, all of which are slated to be completed by the end of 2014. This new work consists of:

• Approximately US$ 8 million in new work authorisations for the hydrotesting and retrofitting of existing natural gas pipelines.
• Approximately US$ 13 million for gas and electric distribution work.
• Approximately US$ 25 million for new pipeline construction.

Q3C secured roughly US$ 67 million in new contracts and work authorisations, the majority of which are for three or four year contracts. This new work consists of:

• Approximately US$ 5 million in new work authorisations for the retrofitting and restoration of existing natural gas pipelines. 
• Approximately US$ 25 million for surface restoration and traffic control work. 

Rockford was awarded US$ 21 million in new contracts, the majority of which is for 20 in. and 30 in. natural gas pipelines in West Virginia and Maryland. These projects should be completed by the end of third quarter of 2014.

The ARB Industrial Group was awarded nearly US$ 7 million of new contracts, for a range of projects in California. The majority of these projects should be complete by the end of the second quarter of 2014.

ARB Structures was awarded over US$ 13 million for a new poured-in-place parking structure. The expected completion date for this project is the first quarter of 2015.

East construction services segment

James Construction Group was awarded new contract work totalling over US$ 65 million, which includes:

• Over US$ 58 million of awards for he James Heavy Civil group for highway construction projects in Texas and Louisiana. The majority of this work is scheduled for completion by the end of the third quarter of 2016.
• Approximately US$ 7 million of awards for the James Infrastructure and Maintenance group for industrial and power project site work in Louisiana, Florida, and Texas. This work should be completed by the end of 2014.

Cardinal Contractors secured approximately US$ 5 million of new water/wastewater work in Florida and Texas, all of which is slated to be completed by the first half of 2015.

Primoris Energy Services secured nearly US$ 36 million in new contracts and work authorizations, the majority of which should be completed by the end of 2014. This new works includes:

• Over US$ 27 million in new awards for James Industrial Constructors for civil and mechanical construction at industrial facilities in Texas and Louisiana.
• Roughly US$ 6 million in new awards for Sprint Pipeline Services from midstream oil and gas companies for various pipeline related projects. The new work includes both capital projects and Master Service Agreement work in Arizona, Texas, and Louisiana.
• Over US$ 2 million in new awards for FSSI from industrial clients, primarily for maintenance work in Texas and Louisiana.

Engineering segment

OnQuest successfully acquired new work valued at nearly US$ 3 million. These engineering, design, and procurement awards for process reformers should be completed by the end of the first quarter of 2015.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/10042014/primoris_announces_over_us_262_million_in_new_contracts/