Early in 2022, Granite secures several new contracts in Western US
Between January and March 2022, Granite has secured several new projects. In March 2022, the company won a $22.0 million contract to expand a California-based Metrolink station. Prior to this, Granite was awarded a $75.0 million project for ramp and highway improves by the Nevada Department of Transportation. These projects follow the company’s shift to smaller, less-risky projects to alleviate inflation and employment projects. According to Granite’s CEO, Kyle Larkin, larger projects, those generally worth over $500.0 million, are riskier due to longer completion times with fluctuating labor and material availability.
New Activity|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.