Granite Awarded CMAR Contract by Tucson International Airport
WATSONVILLE, Calif.–(BUSINESS WIRE)–Granite (NYSE:GVA) announced that it has been awarded the Construction Manager at Risk (CMAR) contract for the Tucson International Airport – Airfield Enhancement Program CMAR – GMP 1 South Airfield Lighting Vault project by Tucson Airport Authority (TAA). This $5 million contract is included in Granite’s third quarter 2020 backlog.
CMAR is a construction delivery method where the construction manager acts as an agent of the owner in both the design and construction phases to provide value engineering, cost estimating, and construction expertise to deliver the project within a guaranteed maximum price (GMP).
“This will be Granite’s third CMAR contract for the Tucson Airport…