With $14B in backlog, Tutor Perini will pursue fewer bids
There’s so much work and so few workers that the Los Angeles-based contractor is taking a hiatus from projects of $500 million or more. The announcement from the Los Angeles-based contractor comes at a time when the construction industry is starving for workers. When pressed by analysts later in the call as to why the firm is stepping back from bidding, Tutor said it came down to the bodies available in the firm’s various subsidiaries.
