Granite Selected for Construction Manager/General Contractor Cosumnes Bridge Child Project 4 Project in California

Granite (NYSE:GVA) announced today that it has been awarded the Child Project 4 (CP4) portion of the Construction Manager/General Contractor (CM/GC) contract of the Cosumnes Bridge Replacement Project by the California Department of Transportation (Caltrans) in Sacramento County, California. This CM/GC contract is part of a phased delivery of the overall $158 million project. The $16 million project contract is included in Granite’s second quarter 2020 backlog.

The Cosumnes Bridge Replacement Project is located on State Route (SR) 99, in Elk Grove, California. Project scope includes the removal and replacement of four bridges over the Cosumnes River as well as replacing two existing railroad overhead and underpass bridges with a single new overhead bridge, requiring partial realignment of SR 99 southbound.

Granite completed the early work portion of this project in December 2019 which included the construction of two approaches to the new overhead railroad bridge, foundations and approach fills for two temporary alignment bridge widenings, and procurement of the precast girders for the railroad bridge.

CP4 is a segment of the overall parent project which has been subdivided into seven contracts to allow construction to proceed while design is being completed on other improvements. The segmentation of the project allows for an accelerated delivery, which is one year ahead of schedule to the timeline anticipated by the owner.

“The Granite team has worked alongside the Caltrans design and field teams for the last 18 months to develop the most cost-effective and best plans to deliver these critical improvements safely and ahead of schedule,” said Granite Senior Project Manager George Delano. “It has been our honor to be the CM/GC for five of the seven projects, and a testament to the experience and quality of our team.”

Construction materials for the project will be supplied by Granite’s Bradshaw Facility.

Construction is expected to begin in June 2020 and conclude in October 2022.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

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