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TPCVery BullishCorporate Developmentsnews
High materiality7/10

Lunda Bid Could Add MnDOT Backlog; Tutor Perini Backing Visibility in 2026

Jul 13, 2026, 3:05 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Backlog growth from a confirmed award typically improves revenue visibility and potentially margins; the timing aligns with a 2026 backlog addition and 2027-28 execution window, a positive if award is confirmed.

AI summary

What happened, with direct paths to the underlying reporting

Tutor Perini said its subsidiary Lunda Construction is the apparent low bidder on MnDOT Project SP 1311-06 for $28.55 million. The project covers parts of Minnesota and Wisconsin with work starting in fall 2026 and completion aimed for fall 2028. If awarded, the contract would be added to backlog in Q3 2026 and improve near-term revenue visibility for TPC.

  • Lunda Construction named apparent low bidder for MnDOT SP 1311-06; bid $28,551,380.
  • Project spans Chisago MN and Polk WI; involves grading, paving, slope, ADA, bridge.
  • Work slated Fall 2026 to Fall 2028; backlog to reflect in Q3 2026 if awarded.
  • Backlog impact depends on final award; potential near-term revenue visibility for TPC.

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