$29.5M Florida Office Project Boosts Tutor Perini’s Backlog
Event summary
- Fisk Electric, a subsidiary of Tutor Perini, secured a $29.5 million electrical project for a 250,000 sq ft commercial office building in Palm Beach, Florida.
- The scope includes EV charging stations, solar photovoltaic systems, and electrical infrastructure for a six-floor office and four-level parking structure.
- Work began recently, with substantial completion expected in 2029; the contract will be added to Tutor Perini’s Q2 2026 backlog.
The big picture
Tutor Perini continues to expand its backlog through specialized electrical contracts, aligning with the broader trend of smart building infrastructure. The project underscores demand for sustainable features like EV charging and solar power in commercial real estate, particularly in high-growth markets like Florida.
What we're watching
- Backlog Growth
- How this $29.5 million project will impact Tutor Perini’s backlog and revenue visibility for the next three years.
- Execution Risk
- Whether Fisk Electric can deliver on time given the complexity of integrating EV charging and solar systems.
- Market Demand
- The pace at which similar high-value commercial projects emerge in Florida’s growing office market.
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