Unbilled Costs Remain in Tutor Perini's Finances

Words Finance Receipt Bills Final Past

The majority of Tutor Perini’s unbilled costs, or more than $646 million, involve disputes about the scope of work and its cost.

October 23, 2018
Scott Van Voorhis – Engineering News-Record

Tutor Perini is struggling to shake off long-running concerns over the hundreds of millions in unbilled costs that have been on the contractor’s balance sheet for years. The Sylmar, Calif.-based construction giant reported more than $1 billion in unbilled costs or receivables at the end of the second quarter, up by more than $100 million from the start of the year, according to the company’s federal filings. That was $100 million higher than at the end of 2016, when the amount was $832 million.

ENR may be contacted at ENR.com@bnpmedia.com



714.701.9180

Arrange No Cost Consultation










Subscribe to Construction Defect Journal

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2018 - Construction Defect Journal – All Rights Reserved