Granite Construction Joint Venture Team to Compete for NAVFAC Projects in Guam

Defense News: WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE:GVA - News) announced today that the joint-venture team composed of Granite, Hensel Phelps and Traylor Brothers is among seven teams of contractors awarded a $4 billion multiple award construction contract (MACC) by the Naval Facilities Engineering Command (NAVFAC), Pacific. All work on this MACC will be performed within the NAVFAC Pacific area of responsibility, which includes Guam, Hawaii, Diego Garcia, and other areas in the Pacific and Indian Oceans.

Scope of the work includes new construction and rehabilitation of roads, bridges, runways, and additional naval facilities, such as barracks, dormitories and medical buildings. Work will be issued as task orders and will allow each of the seven contractors chosen by the NAVFAC to compete under the terms and conditions of the MACC.

The duration of the MACC is not to exceed 60 months and is estimated to be complete by May 2015.

About Granite

Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite Construction Company, a wholly owned subsidiary, is one of the nation’s largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public- and private-sector clients through its offices and subsidiaries nationwide. For more information about Granite, please visit its Web site at www.graniteconstruction.com.

Contact:

Granite Construction Incorporated
Jacque Fourchy, 831-761-4741

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