ConDig (05-Jul-17). Construction and infrastructure company Primoris Services Corp has secured an additional $22 million for an existing civil contract with a petrochemical company in Louisiana.
The Dallas, Texas-based company said that the contract award was first unveiled in November 2014, with a value of $290 million. But work authorizations have been increased by $206.6 million and the work being carried out by Primoris is now expected to be finished in the third quarter of this year.
The project was awarded by a unnamed petrochemical company for its multi-billion dollar facility in Louisiana.
Work is being done under a cost-reimbursable contract and the additional authorizations added about $14 million to Primoris’ power division backlog and about $8 million to its civil division backlog during the second quarter.
Last month, a division of Primoris bagged a $53 million contract to build natural gas pipeline in Pennsylvania.
It comes as the company acquired Florida Gas Contractors (FGC) for about $33 million cash in May.