Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction ("Lunda"), has been identified by the Minnesota Department of Transportation as the apparent low bidder for Project SP 1311-06. Lunda’s bid value is $28,551,380. The project is in Chisago (MN) and Polk (WI) Counties on Highway 243 from 0.25 miles west of the St. Croix River to Cascade Street (WI 35). The scope of work includes grading, bituminous pavement, reinforced soil slope, ADA improvements, and construction of a bridge.

Work is expected to begin in the fall of 2026 with substantial completion anticipated in the fall of 2028. The contract value is expected to be reflected in the Company’s backlog for the third quarter of 2026.