Orion Group Holdings announced October 29 that new contract awards and change orders during October totaled $250 million.
The Houston construction company said a $115 million mission-critical project signed Thursday is the largest concrete award in its history. The scope includes foundations, slabs and site paving for multiple buildings.
The concrete segment accounts for most of the newly announced value. Other October awards span four regions and include technology-related work, cold storage, a hospital and commercial buildings, according to Orion.
Its marine segment’s new work includes a U.S. Army Corps of Engineers project and shore-power work for a major Pacific Northwest port customer.
Orion expects to add the projects to backlog in the fourth quarter. Contract awards and backlog describe future work, rather than revenue already earned or construction already completed.
The $250 million figure combines awards and changes across the month through October 29. It should not be read as the value of contracts all signed on Thursday; the company specifically dates the $115 million project to that day.
Sources: Orion Group Holdings — October 29 Contract Announcement: https://www.streetinsider.com/Globe%2BNewswire/Orion%2BGroup%2BHoldings%2BAnnounces%2BNew%2BContract%2BAwards%2Bof%2B$250%2BMillion/27256573.html