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Granite Wins $27M Joint Venture Offshore Project

Wed June 05, 2019 - West Edition #12
Granite


Granite and Healy Tibbitts Builders Inc. announced that their joint venture team has been awarded a $27 million joint venture contract by the Naval Facilities Engineering Command Southwest for the construction of maintenance dredging at Piers 1, 3 and Paleta Creek at Naval Base San Diego. The contract includes one unexercised option, which if exercised would increase the cumulative award value to $38 million. Granite will book $21 million, or its 78 percent share, of the $27 million contract in its second quarter 2019 backlog.

The project will re-establish the operational and berthing depth required for United States Navy vessels and other visiting vessels, and restore the pier slips and creek area for safe and unrestricted navigation. The dredged material will be screened for unexploded ordnance and radiological debris, dried or dewatered prior to transport for disposal at a commercial landfill.

Construction is scheduled to begin in summer 2019 and be complete in fall 2021.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated is a full-suite provider in the transportation, water infrastructure and mineral exploration markets.

For more information, visit graniteconstruction.com.

About Healy Tibbitts Builders

Healy Tibbitts Builders Inc., a Weeks Marine Inc. company, is a specialized dredging and marine construction contractor performing work throughout the Pacific Rim. Healy Tibbitts has more than 30 years of experience with Department of Defense dredging and construction projects and was recently awarded the 2019 Associated General Contractors of America's Construction Risk Partners Build America Award for Best New Federal and Heavy Project.

For more information, visit healytibbitts.com.