Market Overview

WDF Announces $71 Million Jacob Riis Houses Restoration Project

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Tutor Perini Corporation (NYSE:TPC), a leading civil, building and
specialty construction company, today announced that its subsidiary,
WDF Inc., has been approved for award by the New York City Housing
Authority for the Sandy Recovery Program Restoration at Jacob Riis
Houses. The anticipated contract value is approximately $71.2 million
and notice to proceed is expected in the first quarter of 2019.

The project scope of work includes both restoration and infrastructure
improvements to the Jacob Riis Housing complex, which consists of twelve
buildings spread over a three city block footprint. Upgrades include new
emergency generators, electrical distribution equipment and gas services
to the buildings. New flood elimination upgrades include deployable dry
flood-proofing elements, waterproofing of structures, waterproof
architectural finishes and upgrades to sewer/storm management systems.
Exterior upgrades include new roadways, sidewalks, green spaces and
pedestrian lighting. Architectural improvements include the
rehabilitation of building entrances, lobbies and storm damaged portions
of all twelve buildings. Work on the project is expected to commence in
the summer of 2019 with substantial completion anticipated by mid-2022.

The contract value will be included in the Company's fourth quarter 2018
backlog.

About WDF, Inc.

WDF is one of the largest full-service specialty contractors in the New
York metropolitan region and has provided services to many of the
country's leading owners and developers, construction managers and
leading institutions for more than 80 years. WDF's building group has
and continues to provide general contracting services to all major state
and city agencies. In-house services include plumbing, heating,
ventilation and air conditioning (HVAC), and fire protection. WDF
delivers quality projects on time, on budget and with strict attention
to safety.

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 clients 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
quality control measures.

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