Granite Selected by Caltrans As CM/GC for Two Projects Totaling $500M+

Granite Construction Inc. announced that it was selected by the California Department of Transportation (Caltrans) as the Construction Manager/General Contractor (CM/GC) for the estimated $410 million Highway 101 Carpinteria to Santa Barbara Project, and for the estimated $113 million Cosumnes Bridge Replacement Project in Sacramento County. The...

Granite Construction Inc. announced that it was selected by the California Department of Transportation (Caltrans) as the Construction Manager/General Contractor (CM/GC) for the estimated $410 million Highway 101 Carpinteria to Santa Barbara Project, and for the estimated $113 million Cosumnes Bridge Replacement Project in Sacramento County.

The Highway 101 Project includes adding 10.9 miles of high occupancy vehicle lanes between Carpinteria and Santa Barbara. The Cosumnes Bridge Replacement Project on State Route (SR) 99 in Elk Grove includes the removal and replacement of four bridges over the Cosumnes River and relinquishes an underpass railroad structure, requiring partial realignment of SR 99 southbound.

The projects are expected to run through 2023.

“This CM/GC negotiated work aligns perfectly with Granite’s footprint and our portfolio of services,” said James H. Roberts, Granite president and CEO in a press release. “Importantly, this type of procurement allows project owners the opportunity to select a contractor based purely on qualifications and the value they can add to the project delivery process. An increase of CM/GC procurement in California is the result of successful projects and Caltrans delivering on a promise of Senate Bill 1 (SB 1; The Road Repair and Accountability Act of 2017) funding to strengthen the state’s infrastructure.

“These recent CM/GC wins add to a growing roster of best-value projects on which we have focused our procurement efforts, emphasizing balanced risk and improving returns in our Transportation segment and across the company,” Roberts added. “We expect to pursue more than $4 billion in CM/GC work in 2019 across the nation, including nearly $1 billion in California alone. The defeat of the Proposition 6 ballot measure in November cleared the way for these projects to move forward, with significant funding for the Highway 101 and Cosumnes Bridge projects provided by California’s 10-year, $54.2 billion investment from SB 1, as well as funding from local government measures. These wins, coupled with a demand environment as healthy as we have seen in well over a decade, bolster our outlook for steady growth and improved financial performance in 2019 and well beyond.”

Source: www.equipmentworld.com