----

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| Massachusetts(State      of Incorporation)                                               | 04-1717070(IRS      Employer Identification No.) |
|------------------------------------------------------------------------------------------|--------------------------------------------------|
|                                                                                     |                                             |
| 15901      Olden Street, Sylmar, California(Address      of principal executive offices) | 91342(Zip      Code)                             |
|                                                                                     |                                             |
| (818)      362-8391(Registrant’s      telephone number, including area code)       |                                             |

----

| Title      of Each Class                                                              | Name      of each exchange on which registered |
|---------------------------------------------------------------------------------------|------------------------------------------------|
| Common      Stock, $1.00 par value                                                    | The      New York Stock Exchange               |
|                                                                                  |                                           |
| Securities      registered pursuant to Section 12(g) of the      Act:  None |

----

| Large      accelerated filer [   ] | Accelerated      filer [X] | Non-accelerated      filer [   ](Do      not check if a smaller reporting company) | Smaller      reporting company[   ] |
|---------------------------------------------------|----------------------------|---------------------------------------------------------------------------------------------------|----------------------------------------------------|

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|          |   |                                                                                                                                 | PAGE                     |
|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------|--------------------------|
|          |   |                                                                                                                                 |                     |
| PART I        |   |                                                                                                                                 |                     |
|          |   |                                                                                                                                 |                     |
| Item      1:  |   | Business                                                                                                                             | 3 –      13        |
|          |   |                                                                                                                                 |                     |
| Item      1A: |   | Risk      Factors                                                                                                                    | 14      – 23       |
|          |   |                                                                                                                                 |                     |
| Item      1B: |   | Unresolved      Staff Comments                                                                                                       | 23                       |
|          |   |                                                                                                                                 |                     |
| Item      2:  |   | Properties                                                                                                                           | 24                       |
|          |   |                                                                                                                                 |                     |
| Item      3:  |   | Legal      Proceedings                                                                                                               | 25                       |
|          |   |                                                                                                                                 |                     |
| Item      4:  |   | (Removed      and Reserved)                                                                                                          | 25                       |
|          |   |                                                                                                                                 |                     |
| PART II       |   |                                                                                                                                 |                     |
|          |   |                                                                                                                                 |                     |
| Item      5:  |   | Market      for the Registrant’s Common Equity, Related Stockholder Matters and      IssuerPurchases      of Equity Securities |  27      – 28 |
|          |   |                                                                                                                                 |                     |
| Item      6:  |   | Selected      Financial Data                                                                                                         | 29      – 30       |
|          |   |                                                                                                                                 |                     |
| Item      7:  |   | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                | 31      – 46       |
|          |   |                                                                                                                                 |                     |
| Item      7A: |   | Quantitative      and Qualitative Disclosures About Market Risk                                                                      | 47                       |
|          |   |                                                                                                                                 |                     |
| Item      8:  |   | Financial      Statements and Supplementary Data                                                                                     | 48                       |
|          |   |                                                                                                                                 |                     |
| Item      9:  |   | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure                                       | 48                       |
|          |   |                                                                                                                                 |                     |
| Item      9A: |   | Controls      and Procedures                                                                                                         | 48      – 49       |
|          |   |                                                                                                                                 |                     |
| Item      9B: |   | Other      Information                                                                                                               | 50                       |
|          |   |                                                                                                                                 |                     |
| PART III      |   |                                                                                                                                 |                     |
|          |   |                                                                                                                                 |                     |
| Item      10: |   | Directors,      Executive Officers and Corporate Governance                                                                          | 50                       |
|          |   |                                                                                                                                 |                     |
| Item      11: |   | Executive      Compensation                                                                                                          | 50                       |
|          |   |                                                                                                                                 |                     |
| Item      12: |   | Security      Ownership of Certain Beneficial Owners and Management and      Related                                                 |                     |
|          |   | Stockholder      Matters                                                                                                             | 50                       |
|          |   |                                                                                                                                 |                     |
| Item      13: |   | Certain      Relationships and Related Transactions, and Director      Independence                                                  | 50                       |
|          |   |                                                                                                                                 |                     |
| Item      14: |   | Principal      Accounting Fees and Services                                                                                          | 50                       |
|          |   |                                                                                                                                 |                     |
| PART IV       |   |                                                                                                                                 |                     |
|          |   |                                                                                                                                 |                     |
| Item      15: |   | Exhibits      and Financial Statement Schedules                                                                                      | 51                       |
|          |   |                                                                                                                                 |                     |
|          |   | Signatures                                                                                                                           | 52                       |

----

----

----

----

|                     | Revenues      by Segment     |   |
|--------------------------|------------------------------|--------|
|                     | Year      Ended December 31, |   |
|                     | 2009                         |   | 2008 |   | 2007 |   |
|                     | (in      thousands)          |   |
| Building                 | $                       |   | 4,484,937 |   |   | $ | 5,146,563 |   |   | $ | 4,248,814 |   |
| Civil                    |                         |   | 361,677 |   |   |   | 310,722 |   |   |   | 234,778 |   |
| Management      Services |                         |   | 305,352 |   |   |   | 203,001 |   |   |   | 144,766 |   |
| Total                    | $                       |   | 5,151,966 |   |   | $ | 5,660,286 |   |   | $ | 4,628,358 |   |

----

|                            |    | Building      Segment Revenues by End Market |      |
|---------------------------------|---------|----------------------------------------------|-----------|
|                            |    | 2009                                         |      |   | 2008 |   |   | 2007 |   |
|                            |    | (in      thousands)                          |      |
| Hospitality      and Gaming     | $  |                                         | 2,672,799 |   |   | $ | 3,714,822 |   |   | $ | 2,830,506 |   |
| Transportation      Facilities  |    |                                         | 419,318   |   |   |   | 51,175 |   |   |   | 33,109 |   |
| Healthcare      Facilities      |    |                                         | 409,216   |   |   |   | 619,959 |   |   |   | 574,175 |   |
| Municipal      & Government |    |                                         | 273,455   |   |   |   | 33,688 |   |   |   | - |   |
| Education      Facilities       |    |                                         | 218,943   |   |   |   | 215,472 |   |   |   | 291,491 |   |
| Condominiums                    |    |                                         | 140,813   |   |   |   | 97,580 |   |   |   | 57,667 |   |
| Office      Buildings           |    |                                         | 127,758   |   |   |   | 298,914 |   |   |   | 250,949 |   |
| Industrial      Buildings       |    |                                         | 76,917    |   |   |   | 55,251 |   |   |   | 138,670 |   |
| Sports      and Entertainment   |    |                                         | 41,744    |   |   |   | 26,136 |   |   |   | 5,671 |   |
| Other                           |    |                                         | 103,974   |   |   |   | 33,566 |   |   |   | 66,576 |   |
| Total                           | $  |                                         | 4,484,937 |   |   | $ | 5,146,563 |   |   | $ | 4,248,814 |   |

|                                |    | Civil      Segment Revenues by End Market |    |
|-------------------------------------|---------|-------------------------------------------|---------|
|                                |    | 2009                                      |    |   | 2008 |   |   | 2007 |   |
|                                |    | (in      thousands)                       |    |
| Bridges                             | $  |                                      | 103,354 |   |   | $ | 110,201 |   |   | $ | 67,687 |   |
| Mass      Transit                   |    |                                      | 93,053  |   |   |   | 30,812 |   |   |   | 6,171 |   |
| Highways                            |    |                                      | 77,952  |   |   |   | 103,968 |   |   |   | 116,129 |   |
| Wastewater      Treatment and Other |    |                                      | 87,308  |   |   |   | 57,263 |   |   |   | 29,983 |   |
| Sitework                            |    |                                      | 10      |   |   |   | 8,478 |   |   |   | 14,808 |   |
| Total                               | $  |                                      | 361,677 |   |   | $ | 310,722 |   |   | $ | 234,778 |   |

|                          | Management      Services Segment |   |
|-------------------------------|----------------------------------|--------|
|                          | Revenues      by End Market      |   |
|                          | 2009                             |   | 2008 |   | 2007 |   |
|                          | (in      thousands)              |   |
| U.S.      Government Services | $                           |   | 276,833 |   |   | $ | 183,757 |   |   | $ | 131,369 |   |
| Surety      and Other         |                             |   | 28,519 |   |   |   | 19,244 |   |   |   | 13,397 |   |
| Total                         | $                           |   | 305,352 |   |   | $ | 203,001 |   |   | $ | 144,766 |   |

|                               | Revenues      by Client Source |
|------------------------------------|--------------------------------|
|                               | Year      Ended December 31,   |
|                               | 2009                           |   | 2008 |   | 2007 |
|                               |                           |   |   |   |   |
| Private      Owners                | 70%                            |   | 85% |   | 86% |
| State      and Local Governments   | 23%                            |   | 12% |   | 11% |
| Federal      Governmental Agencies | 7%                             |   | 3% |   | 3% |
|                               | 100%                           |   | 100% |   | 100% |

----

|                     | Backlog      by Business Segment |   |
|--------------------------|----------------------------------|--------|
|                     | December      31,                |   | December      31, |   |
|                     | 2009                             |   | 2008 |   |
|                     | (dollars      in thousands)      |   |
| Building                 | $                           |   | 3,125,780 |   |   |   | 73% |   | $  |   | 5,731,992 |   |   |   | 86% |   |
| Civil                    |                             |   | 1,001,507 |   |   |   | 23% |   |   |   | 528,005 |   |   |   | 8% |   |
| Management      Services |                             |   | 182,904 |   |   |   | 4% |   |   |   | 415,906 |   |   |   | 6% |   |
| Total                    | $                           |   | 4,310,191 |   |   |   | 100% |   | $  |   | 6,675,903 |   |   |   | 100% |   |

----

|                            |   | Building      Segment Backlog by End Market |      |
|---------------------------------|--------|---------------------------------------------|-----------|
|                            |   | December      31,                           |      |   | December      31, |   |
|                            |   | 2009                                        |      |   | 2008 |   |
|                            |   | (dollars      in thousands)                 |      |
| Hospitality      and Gaming     |   | $                                           | 783,794   |   |   |   | 25% |   | $  |   | 2,788,336 |   |   |   | 49 | % |
| Transportation      Facilities  |   |                                        | 737,084   |   |   |   | 24% |   |   |   | 1,149,823 |   |   |   | 20 | % |
| Healthcare      Facilities      |   |                                        | 713,296   |   |   |   | 23% |   |   |   | 1,057,319 |   |   |   | 18 | % |
| Municipal      & Government |   |                                        | 460,765   |   |   |   | 15% |   |   |   | 29,496 |   |   | <1 | % |
| Industrial      Buildings       |   |                                        | 255,859   |   |   |   | 8% |   |   |   | 136,580 |   |   |   | 3 | % |
| Education      Facilities       |   |                                        | 105,650   |   |   |   | 3% |   |   |   | 249,251 |   |   |   | 4 | % |
| Condominiums                    |   |                                        | 9,475     |   |   | <1% |   |   |   | 113,232 |   |   |   | 2 | % |
| Sports      and Entertainment   |   |                                        | 8,641     |   |   | <1% |   |   |   | 51,150 |   |   |   | 1 | % |
| Office      Buildings           |   |                                        | 7,114     |   |   | <1% |   |   |   | 106,942 |   |   |   | 2 | % |
| Other                           |   |                                        | 44,102    |   |   |   | 1% |   |   |   | 49,863 |   |   |   | 1 | % |
| Total                           |   | $                                           | 3,125,780 |   |   |   | 100 |   | $  |   | 5,731,992 |   |   |   | 100 | % |

|                                | Civil      Segment Backlog by End Market |   |
|-------------------------------------|------------------------------------------|--------|
|                                | December      31,                        |   | December      31, |   |
|                                | 2009                                     |   | 2008 |   |
|                                | (dollars      in thousands)              |   |
| Mass      Transit                   | $                                   |   | 457,786 |   |   |   | 46% |   | $  |   | 123,821 |   |   |   | 23% |   |
| Highways                            |                                     |   | 319,514 |   |   |   | 32% |   |   |   | 138,496 |   |   |   | 26% |   |
| Bridges                             |                                     |   | 181,863 |   |   |   | 18% |   |   |   | 149,596 |   |   |   | 28% |   |
| Wastewater      Treatment and Other |                                     |   | 42,131 |   |   |   | 4% |   |   |   | 115,842 |   |   |   | 22% |   |
| Sitework                            |                                     |   | 213 |   |   | <1% |   |   |   | 250 |   |   | <1% |   |
| Total                               | $                                   |   | 1,001,507 |   |   |   | 100% |   | $  |   | 528,005 |   |   |   | 100% |   |

|                          | Management      Services Segment Backlog by End Market |   |
|-------------------------------|--------------------------------------------------------|--------|
|                          | December      31,                                      |   | December      31, |   |
|                          | 2009                                                   |   | 2008 |   |
|                          | (dollars      in thousands)                            |   |
| U.S.      Government Services | $                                                 |   | 147,192 |   |   |   | 80% |   | $  |   | 385,450 |   |   |   | 93% |   |
| Surety      and Other         |                                                   |   | 35,712 |   |   |   | 20% |   |   |   | 30,456 |   |   |   | 7% |   |
| Total                         | $                                                 |   | 182,904 |   |   |   | 100% |   | $  |   | 415,906 |   |   |   | 100% |   |

----

|   | • | Guaranteed      maximum price (GMP) contracts provide for a cost plus fee arrangement up      to a maximum agreed upon price.  These contracts place risks on      the contractor for amounts in excess of the GMP, but may permit an      opportunity for greater profits than under Cost Plus contracts through      sharing agreements with the owner on any cost savings that may be      realized.  Services provided by our building segment to various      private customers often are performed under GMP  contracts. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Cost plus fee (Cost Plus)      contracts provide for reimbursement of the costs required to complete a      project plus a stipulated fee arrangement.  Cost Plus contracts      include cost plus fixed fee (CPFF) contracts and cost plus award fee      (CPAF) contracts.  CPFF contracts provide for reimbursement of      the costs required to complete a project plus a fixed fee.  CPAF      contracts provide for reimbursement of the costs required to complete a      project plus a base fee as well as an incentive fee based on cost and/or      schedule performance.  Cost Plus contracts serve to minimize the      contractor’s financial risk, but may also limit      profits. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Fixed      price (FP) contracts, which include fixed unit price contracts, are      generally used in competitively bid public civil and building construction      projects and generally commit the contractor to provide all of the      resources required to complete a project for a fixed sum or at fixed unit      prices.  Usually FP contracts transfer more risk to the      contractor but offer the opportunity, under favorable circumstances, for      greater profits.  FP contracts represent a significant portion      of our publicly bid civil construction projects.  We also      perform publicly bid building construction projects and certain task order      contracts for agencies of the U.S. government in our management services      segment under FP contracts. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •    |         Construction management (CM) contracts are those under which a      contractor agrees to manage a project for the owner for an agreed-upon      fee, which may be fixed or may vary based upon negotiated factors. CM      contracts        serve to minimize the contractor’s financial risk, but may also      limit profit relative to the overall scope of a  project. |
|---------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •        | Design-build      contracts are those under which a contractor provides both design and      construction services for a customer.  These contracts may be      either GMP, fixed price contracts or cost plus fee contracts.   |
|---------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                      | Revenues      for the        |
|---------------------------|------------------------------|
|                      | Year      Ended December 31, |
|                      | 2009                         |   | 2008 |   | 2007 |
|                      |                         |   |   |   |   |
| Cost      Plus, GMP or CM | 72%                          |   | 89% |   | 90% |
| FP                        | 28%                          |   | 11% |   | 10% |
|                      | 100%                         |   | 100% |   | 100% |
|                      |                         |   |   |   |   |
|                      | Backlog      as of           |
|                      | December      31,            |
|                      | 2009                         |   | 2008 |   | 2007 |
|                      |                         |   |   |   |   |
| Cost      Plus, GMP or CM | 53%                          |   | 78% |   | 92% |
| FP                        | 47%                          |   | 22% |   | 8% |
|                      | 100%                         |   | 100% |   | 100% |

----

----

----

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| •   | political      risks, including risks of loss due to civil disturbances, guerilla      activities and insurrection; |
|---------------------|---------------------------------------------------------------------------------------------------------------------|

| •   | acts      of terrorism and acts of war; |
|---------------------|-----------------------------------------|

| •   | unstable      economic, financial and marketconditions; |
|---------------------|---------------------------------------------------------|

| •   | potential      incompatibility with foreign subcontractors and  vendors; |
|---------------------|--------------------------------------------------------------------------|

| •   | foreign      currency controls and fluctuations; |
|---------------------|--------------------------------------------------|

| •   | trade      restrictions; |
|---------------------|--------------------------|

| •   | variations      in taxes; and |
|---------------------|-------------------------------|

| •   | changes      in labor conditions, labor strikes and difficulties in staffing and      managing international operations.  |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------|

----

----

| •   | Fixed      price and certain design-build contracts require us to perform the      contract for a fixed price irrespective of our actual costs. As a result,      we realize a profit on these contracts only if we successfully control our      costs and avoid cost overruns. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •   | Cost      plus fee contracts provide for reimbursement of the costs required to      complete a project, but generally have a lower base fee and an incentive      fee based on cost and/or schedule performance. If our costs exceed the      revenues available under such a contract or are not allowable under the      provisions of the contract, we may not receive reimbursement for these      costs. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •   | Guaranteed      maximum price contracts provide for a cost plus fee arrangement up to a      maximum agreed-upon price. These contracts also place the risk on us for      cost overruns that exceed the guaranteed maximum  price. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •   | Construction      management contracts are those under which we agree to manage a project      for a customer for an agreed upon fee, which may be fixed or may vary      based upon negotiated factors. Profitability on these types of contracts      is impacted by changes in the scope of work or design issues, which could      cause cost overruns beyond our control and limit profits on these      contracts. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| •   | create      liens or other encumbrances; |
|---------------------|------------------------------------------|

| •   | enter      into certain types of transactions with our  affiliates; |
|---------------------|---------------------------------------------------------------------|

| •   | make      certain capital expenditures; |
|---------------------|-----------------------------------------|

| •   | make      investments, loans or otherguarantees; |
|---------------------|--------------------------------------------------|

| •   | sell      or otherwise dispose of a portion of our assets;  or |
|---------------------|----------------------------------------------------------------|

| •   | merge      or consolidate with another entity. |
|---------------------|------------------------------------------------|

----

| •   | difficulties      in integrating diverse corporate cultures and management      styles; |
|---------------------|-----------------------------------------------------------------------------------------|

| •   | additional      or conflicting governmentregulation; |
|---------------------|------------------------------------------------------|

| •   | disparate      company policies and practices; |
|---------------------|------------------------------------------------|

| •   | client      relationship issues; |
|---------------------|----------------------------------|

| •   | diversion      of our management’s time, attention and  resources; |
|---------------------|--------------------------------------------------------------------------|

| •   | decreased      utilization during the integrationprocess; |
|---------------------|-----------------------------------------------------------|

| •   | loss      of key existing or acquiredpersonnel; |
|---------------------|-------------------------------------------------|

| •   | increased      costs to improve or coordinate managerial, operational, financial and      administrative systems; |
|---------------------|-------------------------------------------------------------------------------------------------------------------|

| •   | dilutive      issuances of equity securities, including convertible debt securities to      finance acquisitions; |
|---------------------|-------------------------------------------------------------------------------------------------------------------|

| •   | the      assumption of legal liabilities;and |
|---------------------|----------------------------------------------|

| •   | amortization      of acquired intangible assets. |
|---------------------|--------------------------------------------------|

----

|   | • | the      political environment in the United States and  Japan; |
|--------|---------|-----------------------------------------------------------------|

|   | • | the      financial and other terms agreed upon between the United States and Japan      with respect to the relocation; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------|

|   | • | the      United States military’s and the Japanese government’s availability of      funds for the continued funding of the expansion and relocation in light      of funding demands for other national priorities and      commitments; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | political,      military and terrorist activities that affect the United States foreign      policy; |
|--------|---------|------------------------------------------------------------------------------------------------------|

|   | • | the      ability of the Company to invest sufficiently, and on favorable terms, in      expanding Black Construction’s capabilities on the island of Guam,      including hiring and relocating necessary personnel, acquiring land      (including warehousing and barracks) and acquiring and relocating      equipment; and |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | economic,      political and other risks relating to business outside of the United      States (despite the fact that the island of Guam is a United States      territory). |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                           |                     |                                         |   | Owned      or Leased |   | Approximate |   | Approximate      Square                                                                                                                           |
|--------------------------------|--------------------------|----------------------------------------------|--------|----------------------|--------|-------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| Principal      Offices         |                     | Business      Segment(s)                     |   | by      Tutor Perini |   | Acres       |   | Feet      of Office Space                                                                                                                         |
| Framingham,      MA            |                     | Management      Services                     |   | Owned                |   | 9           |   | 103,500                                                                                                                                           |
| Hendersen,      NV             |                     | Building                                     |   | Owned                |   | 3           |   | 62,200                                                                                                                                            |
| Jessup,      MD                |                     | Civil                                        |   | Owned                |   | 9           |   | 46,000                                                                                                                                            |
| Sylmar,      CA                |                     | Building,      Civil and Management Services |   | Leased               |   | -           |   | 45,700                                                                                                                                            |
| Redwood      City, CA          |                     | Building                                     |   | Leased               |   | -           |   | 44,900                                                                                                                                            |
| Philadelphia,      PA          |                     | Building                                     |   | Leased               |   | -           |   | 35,800                                                                                                                                            |
| Phoenix,      AZ               |                     | Building                                     |   | Leased               |   | -           |   | 28,400                                                                                                                                            |
| Barrigada,      Guam           |                     | Management      Services                     |   | Owned                |   | 4           |   | 27,000                                                                                                                                            |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 25,000                                                                                                                                            |
| Sylmar,      CA                |                     | Building                                     |   | Owned                |   | 1           |   | 24,200                                                                                                                                            |
| Irvine,      CA                |                     | Building                                     |   | Owned                |   | 2           |   | 24,000                                                                                                                                            |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 22,800                                                                                                                                            |
| Folcroft,      PA              |                     | Building                                     |   | Leased               |   | -           |   | 21,600                                                                                                                                            |
| Peekskill,      NY             |                     | Civil                                        |   | Owned                |   | 5           |   | 21,000                                                                                                                                            |
| Ft.      Lauderdale, FL        |                     | Building                                     |   | Leased               |   | -           |   | 17,500                                                                                                                                            |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 13,500                                                                                                                                            |
| Roseville,      CA             |                     | Building                                     |   | Leased               |   | -           |   | 13,100                                                                                                                                            |
| San      Diego, CA             |                     | Building                                     |   | Leased               |   | -           |   | 13,000                                                                                                                                            |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 12,500                                                                                                                                            |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 8,900                                                                                                                                             |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 6,500                                                                                                                                             |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   | 5,400                                                                                                                                             |
| Orlando,      FL               |                     | Building                                     |   | Leased               |   | -           |   | 4,700                                                                                                                                             |
| Sylmar,      CA                |                     | Building                                     |   | Owned                |   | 1           |   | 4,500                                                                                                                                             |
| Arlington,      VA             |                     | Building                                     |   | Leased               |   | -           |   | 2,900                                                                                                                                             |
| Metro      Manila, Philippines | Management      Services |                                         | Leased |                 | -      |        | 2,500  |
| Agana      Heights, Guam       |                     | Management      Services                     |   | Owned                |   | -           |   | 800                                                                                                                                               |
|                           |                     |                                         |   |                 |   | 34          |   |                             637,900 |
| Principal      Permanent       |                     |                                         |   |                 |   |        |   |                                                                                                                                              |
| Storage      Yards             |                     |                                         |   |                 |   |        |   |                                                                                                                                              |
| Fontana,      CA               |                     | Building      and Civil                      |   | Leased               |   | 33          |   |                                                                                                                                              |
| Barrigada,      Guam           |                     | Management      Services                     |   | Owned                |   | 13          |   |                                                                                                                                              |
| Stockton,      CA              |                     | Building                                     |   | Owned                |   | 7           |   |                                                                                                                                              |
| Elkridge,      MD              |                     | Civil                                        |   | Owned                |   | 7           |   |                                                                                                                                              |
| Jessup,      MD                |                     | Civil                                        |   | Owned                |   | 7           |   |                                                                                                                                              |
| Henderson,      NV             |                     | Building                                     |   | Leased               |   | 4           |   |                                                                                                                                              |
| Jessup,      MD                |                     | Civil                                        |   | Owned                |   | 3           |   |                                                                                                                                              |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | 2           |   |                                                                                                                                              |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | 1           |   |                                                                                                                                              |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | 1           |   |                                                                                                                                              |
| Framingham,      MA            |                     | Building      and Civil                      |   | Owned                |   | 1           |   |                                                                                                                                              |
| Las      Vegas, NV             |                     | Building                                     |   | Leased               |   | -           |   |                                                                                                                                              |
| Pasig,      Philippines        |                     | Management      Services                     |   | Leased               |   | -           |   |                                                                                                                                              |
| Pasig,      Philippines        |                     | Management      Services                     |   | Leased               |   | -           |   |                                                                                                                                              |
| Pasig,      Philippines        |                     | Management      Services                     |   | Leased               |   | -           |   |                                                                                                                                              |
|                           |                     |                                         |   |                 |   | 79          |   |                                                                                                                                              |

----

----

| Name, Offices Held and Age                                                                                                      | Year First Elected to Present Office and Business      Experience                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Ronald      N. Tutor, Director, Chairman and Chief Executive Officer –    69                                              | He      has served as a Director since January 1997 and has served as our Chief      Executive Officer since March 2000.  He has also served as our      Chairman since July 1999, Vice Chairman from January 1998 to July 1999,      and Chief Operating Officer from January 1997 until March 2000 when he      became Chief Executive Officer.  Prior to our merger with      Tutor-Saliba Corporation in September 2008, Mr. Tutor served as Chairman,      President and Chief Executive Officer of Tutor-Saliba Corporation since      prior to 1995 and actively managed that company since  1966.                                                                                                                                                                                                                                                                      |
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Robert      Band, Director and President of Tutor Perini and Chief Executive Officer,      Management Services Group – 62 | He      was appointed Chief Executive Officer of Management Services Group in      March 2009. He has served as a Director since May 1999.  He has      also served as our President since May 1999 and as Chief Operating Officer      from March 2000 to March 2009.  Previously, he served as Chief      Executive Officer from May 1999 until March 2000, Executive Vice President      and Chief Financial Officer from December 1997 until May 1999, and      President of Perini Management Services, Inc. since January      1996.  Previously, he served in various operational and      financial capacities since 1973, including Treasurer from May 1988 to      January 1990.                                                                                                                                                                           |
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| James      (“Jack”) Frost, Executive Vice President and Chief Executive Officer,      Civil Group – 56        | He      was appointed to his current position in March 2009.  Previously      he was Executive Vice President and Chief Operating Officer of      Tutor-Saliba. He joined Tutor-Saliba in 1988.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Mark      Caspers, Executive Vice President and Chief Executive Officer, Building      Group – 48                         | He      was appointed to his current position in March 2009. Previously he was      President and Chief Operating Officer of Perini Building Company, where      he’s worked since 1982.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Kenneth      R. Burk, Executive Vice President and Chief FinancialOfficer      – 50                                       | He      was appointed to his current position in March 2009.  Previously      he served as Senior Vice President and Chief Financial Officer from      September 2007 to March 2009.  From February 2001 until July      2007, he served as President and Chief Executive Officer of Union Switch      and Signal, Inc., a provider of technology services, control systems and      specialty rail components for the rail transportation      industry.  From 1999 until 2000, he served as Executive Vice      President and Chief Operating Officer of Railworks Corporation, a provider      of services and supplies to the rail transportation      industry.  From 1994 to 1999, he served as Senior Vice President      and Chief Financial Officer of Dick Corporation, a Pittsburgh,      Pennsylvania-based engineering and construction firm. |
|                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| William      Sparks, Executive Vice President, Treasurer and Corporate Secretary –      61                                | He      was appointed to his current position in March 2009. He joined      Tutor-Saliba in 1995 as Senior Vice President and Chief Financial      Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

----

|                                      | 2009   |   | 2008   |   |
|-------------------------------------------|--------|--------|--------|--------|
|                                      | High   |   |   |   |   | Low |   | High |   |   |   |   | Low |   |
| Market Price Range per Common      Share: |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Quarter      Ended                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| March      31                             |   | $      | 26.60  |   |   |   | - |   |   | $ | 10.21 |   |   | $ | 42.24 |   |   |   | - |   |   | $ | 25.08 |   |
| June      30                              |   |   | 23.77  |   |   |   | - |   |   |   | 11.73 |   |   |   | 44.80 |   |   |   | - |   |   |   | 32.08 |   |
| September      30                         |   |   | 21.98  |   |   |   | - |   |   |   | 13.83 |   |   |   | 32.85 |   |   |   | - |   |   |   | 21.42 |   |
| December      31                          |   |   | 22.35  |   |   |   | - |   |   |   | 16.26 |   |   |   | 26.20 |   |   |   | - |   |   |   | 11.50 |   |

----

|                          | Fiscal      Year Ending December 31, |
|-------------------------------|--------------------------------------|
|                          | 2004                                 |   | 2005 |   | 2006 |   | 2007 |   | 2008 |   | 2009 |
|                          |                                 |   |   |   |   |   |   |   |   |   |   |
| Tutor      Perini Corporation | 100.00                               |   | 144.70 |   | 184.42 |   | 248.17 |   | 140.08 |   | 108.33 |
| NYSE                          | 100.00                               |   | 109.36 |   | 131.75 |   | 143.43 |   | 87.12 |   | 111.76 |
| DJ      Heavy Construction    | 100.00                               |   | 144.50 |   | 180.25 |   | 342.40 |   | 153.66 |   | 175.65 |
| Construction      Peer Group  | 100.00                               |   | 158.01 |   | 219.95 |   | 465.42 |   | 178.81 |   | 225.75 |

----

|                                                       |   | Year      Ended December 31,               |      |
|------------------------------------------------------------|--------|--------------------------------------------|-----------|
|                                                       |   | 2009      (1)                              |      |   | 2008      (2) |   |   | 2007 |   |   | 2006 |   |   | 2005      (3) |   |
|                                                       |   | (In      thousands, except per share data) |      |
| OPERATING SUMMARY                                          |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues:                                                  |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Building                                                   |   | $                                          | 4,484,937 |   |   | $ | 5,146,563 |   |   | $ | 4,248,814 |   |   | $ | 2,515,051 |   |   | $ | 1,181,103 |   |
| Civil                                                      |   |                                       | 361,677   |   |   |   | 310,722 |   |   |   | 234,778 |   |   |   | 281,137 |   |   |   | 275,584 |   |
| Management      Services                                   |   |                                       | 305,352   |   |   |   | 203,001 |   |   |   | 144,766 |   |   |   | 246,651 |   |   |   | 276,790 |   |
| Total                                                      |   |                                       | 5,151,966 |   |   |   | 5,660,286 |   |   |   | 4,628,358 |   |   |   | 3,042,839 |   |   |   | 1,733,477 |   |
| Cost      of Operations                                    |   |                                       | 4,763,919 |   |   |   | 5,327,056 |   |   |   | 4,379,464 |   |   |   | 2,873,444 |   |   |   | 1,663,773 |   |
| Gross      Profit                                          |   |                                       | 388,047   |   |   |   | 333,230 |   |   |   | 248,894 |   |   |   | 169,395 |   |   |   | 69,704 |   |
| G&A      Expense                                       |   |                                       | 176,504   |   |   |   | 133,998 |   |   |   | 107,913 |   |   |   | 98,516 |   |   |   | 61,751 |   |
| Goodwill      and Intangible Asset Impairment (4)          |   |                                       | -         |   |   |   | 224,478 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Income      (Loss) From  Construction Operations |   |                                       | 211,543   |   |   |   | (25,246 | ) |   |   | 140,981 |   |   |   | 70,879 |   |   |   | 7,953 |   |
| Other      Income (Expense), Net                           |   |                                       | 1,098     |   |   |   | 9,559 |   |   |   | 15,361 |   |   |   | 2,581 |   |   |   | 971 |   |
| Interest      Expense                                      |   |                                       | (7,501    | ) |   |   | (4,163 | ) |   |   | (1,947 | ) |   |   | (3,771 | ) |   |   | (2,003 | ) |
| Income      (Loss) Before Income Taxes                     |   |                                       | 205,140   |   |   |   | (19,850 | ) |   |   | 154,395 |   |   |   | 69,689 |   |   |   | 6,921 |   |
| Provision      for Income Taxes                            |   |                                       | (68,079   | ) |   |   | (55,290 | ) |   |   | (57,281 | ) |   |   | (28,153 | ) |   |   | (2,872 | ) |
| Net      Income (Loss)                                     |   | $                                          | 137,061   |   |   | $ | (75,140 | ) |   | $ | 97,114 |   |   | $ | 41,536 |   |   | $ | 4,049 | (6) |
|                                                       |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      (Loss) Available for Common                    |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders      (5)                                      |   | $                                          | 137,061   |   |   | $ | (75,140 | ) |   | $ | 97,114 |   |   | $ | 41,117 |   |   | $ | 5,330 |   |
|                                                       |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per      Share of Common Stock:                            |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      Earnings (Loss)                                 |   | $                                          | 2.82      |   |   | $ | (2.19 | ) |   | $ | 3.62 |   |   | $ | 1.56 |   |   | $ | 0.21 |   |
| Diluted      Earnings (Loss)                               |   | $                                          | 2.79      |   |   | $ | (2.19 | ) |   | $ | 3.54 |   |   | $ | 1.54 |   |   | $ | 0.20 |   |
|                                                       |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      Dividend Declared                                |   | $                                          | -         |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Book      Value                                            |   | $                                          | 26.54     |   |   | $ | 23.56 |   |   | $ | 13.65 |   |   | $ | 9.18 |   |   | $ | 6.86 |   |
|                                                       |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      Average Common                               |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares      Outstanding:                                   |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                      |   |                                       | 48,525    |   |   |   | 34,272 |   |   |   | 26,819 |   |   |   | 26,308 |   |   |   | 25,518 |   |
| Diluted                                                    |   |                                       | 49,084    |   |   |   | 34,272 |   |   |   | 27,419 |   |   |   | 26,758 |   |   |   | 26,150 |   |
|                                                       |   |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         |   | Year      Ended December 31,       |      |
|----------------------------------------------|--------|------------------------------------|-----------|
|                                         |   | 2009      (1)                      |      |   | 2008      (2) |   |   | 2007 |   |   | 2006 |   |   | 2005      (3) |   |
|                                         |   | (In      thousands, except ratios) |      |
| FINANCIAL POSITION SUMMARY                   |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Working      Capital                         |   | $                                  | 303,118   |   |   | $ | 225,049 |   |   | $ | 293,521 |   |   | $ | 193,952 |   |   | $ | 153,335 |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current      Ratio                           |   |                               | 1.23x     |   |   |   | 1.13x |   |   |   | 1.24x |   |   |   | 1.22x |   |   |   | 1.23x |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-term      Debt, less current maturities |   |                               | 84,771    |   |   |   | 61,580 |   |   |   | 13,358 |   |   |   | 34,135 |   |   |   | 39,969 |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders’      Equity              |   |                               | 1,288,426 |   |   |   | 1,138,226 |   |   |   | 368,334 |   |   |   | 243,859 |   |   |   | 183,175 |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of Long-term Debt to Equity       |   |                               | .07x      |   |   |   | .05x |   |   |   | .04x |   |   |   | .14x |   |   |   | .22x |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Assets                            |   | $                                  | 2,820,654 |   |   | $ | 3,073,078 |   |   | $ | 1,654,115 |   |   | $ | 1,195,992 |   |   | $ | 915,256 |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER DATA                                   |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Backlog      at Year End (7)                 |   | $                                  | 4,310,191 |   |   | $ | 6,675,903 |   |   | $ | 7,567,665 |   |   | $ | 8,451,381 |   |   | $ | 7,897,784 |   |
|                                         |   |                               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| New      Business Awarded (8)                |   | $                                  | 2,786,256 |   |   | $ | 4,768,524 |   |   | $ | 3,744,642 |   |   | $ | 3,596,436 |   |   | $ | 8,479,786 |   |

| (1) |   | Includes      the results of Keating, acquired January 15, 2009.  See Note 2      of Notes to Consolidated Financial Statements entitled “Merger &      Acquisition”. |
|-----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) |   | Includes      the results of Tutor-Saliba, acquired September 8,  2008. |
|-----|--------|-------------------------------------------------------------------------|

| (3) |   | Includes      the results of Cherry Hill acquired January 1, 2005 and Rudolph and      Sletten acquired October 3, 2005. |
|-----|--------|--------------------------------------------------------------------------------------------------------------------------|

| (4) | Represents      $224.5 million impairment charge to adjust goodwill and certain intangible      assets to their fair values in the fourth quarter of 2008. See Note 4 of      Notes to Consolidated Financial Statements entitled “Goodwill and Other      Intangible Assets”. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)  | Income      (Loss) available for common stockholders includes adjustments to net      income for (a) accrued dividends on our $21.25 Preferred Stock, or $2.125      Depositary Shares, (b) the reversal of previously accrued and unpaid      dividends in the amount of approximately $2.3 million applicable to      374,185 of the $2.125 Depositary Shares purchased and retired by us in      November 2005, and (c) the $0.3 million excess of fair value over carrying      value upon redemption of the remaining outstanding $2.125 Depositary      Shares in May 2006. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Includes      a $23.6 million after-tax charge related to an adverse judgment received      in the Washington Metropolitan Area Transit Authority (“WMATA”)      matter. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | A      construction project is included in our backlog at such time as a contract      is awarded or a letter of commitment is obtained and adequate construction      funding is in place.  Backlog is not a measure defined in      accounting principles generally accepted in the United States of America,      or GAAP, and our backlog may not be comparable to the backlog of other      companies.  Management uses backlog to assist in forecasting      future results. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | New      business awarded consists of the original contract price of projects added      to our backlog in accordance with Note (7) above plus or minus subsequent      changes to the estimated total contract price of existing      contracts.  Management uses new business awarded to assist in      forecasting future results. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                     |   |  Backlog      at  |    |   |  New      Business |                     |    | Revenue  |   |    | Backlog at   |   |
|--------------------------|--------|------------------------|---------|--------|-------------------------|--------------------------|---------|---------------|--------|---------|------------------------|--------|
|                     |   | December      31, 2008 |    |   | Awarded      (1)        |                     |    | Recognized    |   |    | December      31, 2009 |   |
|                     |   |                   |    |   |                    |  (in      millions) |    |          |   |    |                   |   |
| Building                 |   |  $                | 5,732.0 |   |                    |  $                  | 1,878.7 |          |   |  $ | (4,484.9)              |   |   |  $ | 3,125.8 |   |
| Civil                    |   |                   | 528.0   |   |                    |                     | 835.2   |          |   |    | (361.7)                |   |   |   | 1,001.5 |   |
| Management      Services |   |                   | 415.9   |   |                    |                     | 72.4    |          |   |    | (305.4)                |   |   |   | 182.9 |   |
| Total                    |   |  $                | 6,675.9 |   |                    | $                        | 2,786.3 |          |   | $       | (5,152.0)              |   |   | $ | 4,310.2 |   |

| (1)   | New      business awarded consists of the original contract price of projects added      to our backlog plus or minus subsequent changes to the estimated total      contract price of existingcontracts. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          | December      31,   |   |
|-------------------------------|---------------------|--------|
|                          | 2009                |   | 2008 |   |
|                          | (in      thousands) |   |
| Unapproved      Change Orders | $              |   | 32,683 |   | $  |   | 16,401 |   |
| Claims                        |                |   | 68,358 |   |   |   | 68,682 |   |
|                          | $              |   | 101,041 |   | $  |   | 85,083 |   |

----

----

----

|                     | Revenues      for the        |   |    |            |    |       |    |   |
|--------------------------|------------------------------|--------|---------|-----------------|---------|------------|---------|--------|
|                     | Year      Ended December 31, |   |    | Increase      / |    |       | %       |   |
|                     | 2009                         |   | 2008    |            |    | (Decrease) |    |   | Change |   |
|                     | (In      millions)           |   |    |            |    |
|                     |                         |   |    |            |    |
| Building                 | $                       |   | 4,484.9 |            | $  |       | 5,146.6 |   |   | $  |   | (661.7 | ) |   |   | (12.8)% |  |
| Civil                    |                         |   | 361.7   |            |    |       | 310.7   |   |   |   |   | 51.0 |   |   |   | 16.4% |   |
| Management      Services |                         |   | 305.4   |            |    |       | 203.0   |   |   |   |   | 102.4 |   |   |   | 50.4% |   |
| Total                    | $                       |   | 5,152.0 |            | $  |       | 5,660.3 |   |   | $  |   | (508.3 | ) |   |   | (9.0)% |   |

----

|                                              |   | Income      (Loss) from Construction |   |   |       |   |   |           |   |
|---------------------------------------------------|--------|--------------------------------------|--------|--------|------------|--------|--------|----------------|--------|
|                                              |   | Operations      for the              |   |   | Increase   |   |   |           |   |
|                                              |   | Year      Ended December 31,         |   |   | (Decrease) |   |   | %              |   |
|                                              |   | 2009                                 |   |   | 2008       |   |   | In      Income |   |   | Change |   |
|                                              |   | (In      millions)                   |   |   |       |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |
| Building      before impairment charge            |   | $                                    | 155.5  |   |       | $      | 151.8  |           |   | $ | 3.7 |   |   |   |                 2.4% |   |
| Impairment      charge                            |   |                                 | -      |   |       |   | (197.6 | )              |   |   | 197.6 |   |   | NM* |   |
| Building,      net                                |   |                                 | 155.5  |   |       |   | (45.8  | )              |   |   | 201.3 |   |   | NM* |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Civil      before impairment charge               |   |                                 | 44.3   |   |       |   | 28.1   |           |   |   | 16.2 |   |   |   |          57.6% |   |
| Impairment      charge                            |   |                                 | -      |   |       |   | (6.0   | )              |   |   | 6.0 |   |   | NM* |   |
| Civil,      net                                   |   |                                 | 44.3   |   |       |   | 22.1   |           |   |   | 22.2 |   |   | NM* |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Management      Services before impairment charge |   |                                 | 53.4   |   |       |   | 41.5   |           |   |   | 11.9 |   |   |   |               28.7% |   |
| Impairment      charge                            |   |                                 | -      |   |       |   | (20.9  | )              |   |   | 20.9 |   |   | NM* |   |
| Management      Services, net                     |   |                                 | 53.4   |   |       |   | 20.6   |           |   |   | 32.8 |   |   | NM* |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Subtotal      before impairment charge            |   |                                 | 253.2  |   |       |   | 221.4  |           |   |   | 31.8 |   |   |   |               14.4% |   |
| Impairment      charge                            |   |                                 | -      |   |       |   | (224.5 | )              |   |   | 224.5 |   |   | NM* |   |
| Subtotal,      net of impairment charge           |   |                                 | 253.2  |   |       |   | (3.1   | )              |   |   | 256.3 |   |   | NM* |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Less:  Corporate                        |   |                                 | (41.7  | )      |       |   | (22.1  | )              |   |   | (19.6 | ) |   |   |               88.7% |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Total      before impairment charge               |   |                                 | 211.5  |   |       |   | 199.3  |           |   |   | 12.2 |   |   |   |                 6.1% |   |
| Impairment      charge                            |   |                                 | -      |   |       |   | (224.5 | )              |   |   | 224.5 |   |   | NM* |   |
| Total,      net of impairment charge              |   | $                                    | 211.5  |   |       | $      | (25.2  | )              |   | $ | 236.7 |   |   | NM* |   |

----

|                     | Revenues      for the        |   |    |   |     |   |    |
|--------------------------|------------------------------|--------|---------|--------|----------|--------|---------|
|                     | Year      Ended December 31, |   |    |   |     |   |    |
|                     | 2008                         |   | 2007    |   | Increase |   |    | %      Change |   |
|                     | (In      millions)           |   |    |   |     |
|                     |                         |   |    |   |     |   |    |   |   |   |   |   |
| Building                 | $                       |   | 5,146.6 |   | $   |   | 4,248.8 |   | $  |   | 897.8 |   |   |   | 21.1% |   |
| Civil                    |                         |   | 310.7   |   |     |   | 234.8   |   |   |   | 75.9 |   |   |   | 32.3% |   |
| Management      Services |                         |   | 203.0   |   |     |   | 144.8   |   |   |   | 58.2 |   |   |   | 40.2% |   |
| Total                    | $                       |   | 5,660.3 |   | $   |   | 4,628.4 |   | $  |   | 1,031.9 |   |   |   | 22.3% |   |

----

----

|                                              |   | Income      (Loss) from Construction |   |   |       |   |   |           |   |
|---------------------------------------------------|--------|--------------------------------------|--------|--------|------------|--------|--------|----------------|--------|
|                                              |   | Operations      for the              |   |   | Increase   |   |   |           |   |
|                                              |   | Year      Ended December 31,         |   |   | (Decrease) |   |   | %              |
|                                              |   | 2008                                 |   |   | 2007       |   |   | In      Income |   |   | Change |
|                                              |   | (In      millions)                   |   |   |       |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |
| Building      before impairment charge            |   | $                                    | 151.8  |   |       | $      | 127.5  |           |   | $ | 24.3 |   |   |   | 19.1 | % |
| Impairment      charge                            |   |                                 | (197.6 | )      |       |   | -      |           |   |   | (197.6 | ) |   |   |   |   |
| Building,      net                                |   |                                 | (45.8  | )      |       |   | 127.5  |           |   |   | (173.3 | ) |   |   | (135.9 | )% |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Civil      before impairment charge               |   |                                 | 28.1   |   |       |   | (13.0  | )              |   |   | 41.1 |   |   |   |   |   |
| Impairment      charge                            |   |                                 | (6.0   | )      |       |   | -      |           |   |   | (6.0 | ) |   |   |   |   |
| Civil,      net                                   |   |                                 | 22.1   |   |       |   | (13.0  | )              |   |   | 35.1 |   |   |   |   |   |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Management      Services before impairment charge |   |                                 | 41.5   |   |       |   | 49.4   |           |   |   | (7.9 | ) |   |   | (16.0 | )% |
| Impairment      charge                            |   |                                 | (20.9  | )      |       |   | -      |           |   |   | (20.9 | ) |   |   |   |   |
| Management      Services, net                     |   |                                 | 20.6   |   |       |   | 49.4   |           |   |   | (28.8 | ) |   |   | (58.3 | )% |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Subtotal      before impairment charge            |   |                                 | 221.4  |   |       |   | 163.9  |           |   |   | 57.5 |   |   |   | 35.1 | % |
| Impairment      charge                            |   |                                 | (224.5 | )      |       |   | -      |           |   |   | (224.5 | ) |   |   |   |   |
| Subtotal,      net of impairment charge           |   |                                 | (3.1   | )      |       |   | 163.9  |           |   |   | (167.0 | ) |   |   | (101.9 | )% |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Less:  Corporate                        |   |                                 | (22.1  | )      |       |   | (22.9  | )              |   |   | 0.8 |   |   |   | (3.5 | )% |
|                                              |   |                                 |   |   |       |   |   |           |   |   |   |   |   |   |   |   |
| Total      before impairment charge               |   |                                 | 199.3  |   |       |   | 141.0  |           |   |   | 58.3 |   |   |   | 41.3 | % |
| Impairment      charge                            |   |                                 | (224.5 | )      |       |   | -      |           |   |   | (224.5 | ) |   |   |   |   |
| Total,      net of impairment charge              |   | $                                    | (25.2  | )      |       | $      | 141.0  |           |   | $ | (166.2 | ) |   |   | (117.9 | )% |

----

----

|                                 |   | Year      Ended December 31, |   |
|--------------------------------------|--------|------------------------------|--------|
|                                 |   | 2009                         |   |   | 2008 |   |   | 2007 |   |
|                                 |   | (In      millions)           |   |
| Cash      flows provided (used) by:  |   |                         |   |   |   |   |   |   |   |
| Operating      activities            |   | $                            | (26.1  | ) |   | $ | 126.1 |   |   | $ | 281.5 |   |
| Investing      activities            |   |                         | (40.9  | ) |   |   | (72.1 | ) |   |   | (25.6 | ) |
| Financing      activities            |   |                         | 29.1   |   |   |   | (127.0 | ) |   |   | (22.2 | ) |
| Net      (decrease) increase in cash |   |                         | (37.9  | ) |   |   | (73.0 | ) |   |   | 233.7 |   |
| Cash      at beginning of year       |   |                         | 386.2  |   |   |   | 459.2 |   |   |   | 225.5 |   |
| Cash      at end of year             |   | $                            | 348.3  |   |   | $ | 386.2 |   |   | $ | 459.2 |   |

----

----

|                                | Payments      Due by Period |    |
|-------------------------------------|-----------------------------|---------|
|                                | (In      thousands)         |    |
|                                |                        |    | Less      Than |   |   |   |   |   | More      Than |   |
|                                | Total                       |    | 1      Year |   | 1-3      Years |   | 3-5      Years |   | 5      Years |   |
| Total      debt, excluding interest | $                           | 116,105 | (a) | $  |   | 31,334 |   | $  |   | 24,151 |   | $  |   | 37,457 |   | $  |   | 23,163 |   |
| Interest      payments on debt      |                        | 21,076  |   |   |   | 5,824 |   |   |   | 7,637 |   |   |   | 5,051 |   |   |   | 2,564 |   |
| Operating      leases, net          |                        | 48,300  |   |   |   | 10,128 |   |   |   | 14,487 |   |   |   | 11,988 |   |   |   | 11,697 |   |
| Purchase      obligations           |                        | 8,665   |   |   |   | 8,373 |   |   |   | 292 |   |   |   | - |   |   |   | - |   |
| Unfunded      pension liability     |                        | 22,882  |   |   |   | 2,983 |   |   |   | 7,755 |   |   |   | 7,755 |   |   |   | 4,389 |   |
|                                |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      contractual obligations  | $                           | 217,028 |   | $  |   | 58,642 |   | $  |   | 54,322 |   | $  |   | 62,251 |   | $  |   | 41,813 |   |

----

----

----

----

----

internal 
control 
over 
financial 
reportingof Tutor Perini Corporation and subsidiaries (the "Company") as of December 31,2009, based on criteria established in Internal Control — IntegratedFramework issued by the Committee of Sponsoring Organizations of theTreadway Commission. The Company's management is responsible for maintainingeffective internal control over financial reporting and for its assessment ofthe effectiveness of internal control over financial reporting, included in theaccompanying Management's Report on Internal Control Over Financial Reporting.Our responsibility is to express an opinion on the Company's internal controlover financial reporting based on our audit.

internal 
control 
over
financial 
reporting was maintained inall material respects. Our audit included obtaining an understanding of 
internal 
control 
over
financial 
reporting, assessing therisk that a material weakness exists, testing and evaluating the design andoperating effectiveness of 
internal 
control based on the assessed risk, and performing such otherprocedures as we considered necessary in the circumstances. We believe that ouraudit provides a reasonable basis for our opinion.

internal 
control 
over 
financial 
reporting is a process designed by, or under the supervision of,the company's principal executive and principal 
financialofficers, or persons performing similar functions, and effected by the company'sboard of directors, management, and other personnel to provide reasonableassurance regarding the reliability of 
financial 
reporting and the preparation of 
financialstatements for external purposes in accordance with generally acceptedaccounting principles. A company's 
internal 
control 
over 
financial 
reporting includes those policiesand procedures that (1) pertain to the maintenance of records that, inreasonable detail, accurately and fairly reflect the transactions anddispositions of the assets of the company; (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of 
financial statements in accordance with generally acceptedaccounting principles, and that receipts and expenditures of the company arebeing made only in accordance with authorizations of management and directors ofthe company; and (3) provide reasonable assurance regarding prevention or timelydetection of unauthorized acquisition, use, or disposition of the company'sassets that could have a material effect on the 
financialstatements.

internal 
control 
over 
financial 
reporting, including thepossibility of collusion or improper management override of controls, materialmisstatements due to error or fraud may not be prevented or detected on a timelybasis. Also, projections of any evaluation of the effectiveness of the 
internal 
control 
over
financial 
reporting to futureperiods are subject to the risk that the controls may become inadequate becauseof changes in conditions, or that the degree of compliance with the policies orprocedures may deteriorate.

internal 
control 
over
financial 
reporting as of December31, 2009, based on the criteria established in 
Internal 
Control —Integrated Framework  issued by the Committee of SponsoringOrganizations of the Treadway Commission.

----

----

| (a)1.  | The      following consolidated financial statements and supplementary financial      information are filed as part of                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | this      report:                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                    | Pages |
|   | Consolidated      Financial Statements of the Registrant                                                                                                                                                                                                                |   |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Consolidated      Balance Sheets as of December 31, 2009 and 2008                                                                                                                                                                                                       | 53      – 54 |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Consolidated      Statements of Operations for the years ended December 31, 2009, 2008 and      2007                                                                                                                                                                    | 55 |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Consolidated      Statements of Stockholders' Equity for the years ended December 31, 2009,      2008 and 2007                                                                                                                                                          | 56 |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Consolidated      Statements of Cash Flows for the years ended December 31, 2009, 2008 and      2007                                                                                                                                                                    | 57–      58 |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Notes      to Consolidated Financial Statements                                                                                                                                                                                                                         | 59 –      96 |
|   |                                                                                                                                                                                                                                                                    |   |
|   | Report      of Independent Registered Public Accounting Firm                                                                                                                                                                                                            | 97 |
|   |                                                                                                                                                                                                                                                                    |   |
| (a)2.  | All      consolidated financial statement schedules are omitted because of the      absence of the conditions under which they are required or because the      required information is included in the Consolidated Financial Statements      or in the Notes thereto. |   |
|   |                                                                                                                                                                                                                                                                    |   |
| (a)3.  | Exhibits                                                                                                                                                                                                                                                                |   |
|   |                                                                                                                                                                                                                                                                    |   |
|   | The      exhibits which are filed with this report or which are incorporated herein      by reference are set forth in                                                                                                                                                  |
|   | the      Exhibit Index which appears on  pages 98 through      101.                                                                                                                                                                                           |

----

|                                 | Tutor      Perini Corporation      |
|--------------------------------------|------------------------------------|
|                                 | (Registrant)                       |
|                                 |                               |
| Dated:  March      1, 2010 | By:  /s/Robert      Band |
|                                 | Robert      Band                   |
|                                 | President                          |

| Signature                                    |                                                    |                               Title |   |                  Date |
|----------------------------------------------|---------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| (i)      Principal      Executive Officer    |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Ronald N. Tutor                              |                                                    | Chairman      and Chief Executive Officer                                                                                                                                                 |   | March      1, 2010                                                           |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| By:  /s/Ronald N.      Tutor       |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Ronald N. Tutor                              |                                                    |                                                                                                                                                                                      |   |                                                                         |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| (ii)      Principal      Financial Officer   |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Kenneth R. Burk                              |                                                    | Executive      Vice President and Chief Financial Officer                                                                                                                                 |   | March      1, 2010                                                           |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| By:  /s/Kenneth R.      Burk       |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Kenneth R. Burk                              |                                                    |                                                                                                                                                                                      |   |                                                                         |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| (iii)      Principal      Accounting Officer |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Steven M.Meilicke                            |                                                    | Vice      President and Controller                                                                                                                                                        |   | March      1, 2010                                                           |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| By:  /s/Steven M.      Meilicke    |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Steven M.Meilicke                            |                                                    |                                                                                                                                                                                      |   |                                                                         |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| (iv)      Directors                          |                                                    |                                                                                                                                                                                      |   |                                                                         |
|                                         |                                                    |                                                                                                                                                                                      |   |                                                                         |
| Ronald      N. Tutor                         |             )                  |                                                                                                                                                                                      |   |                                                                         |
| Marilyn      A. Alexander                    |             )                  |                                                                                                                                                                                      |   |                                                                         |
| Peter      Arkley                            |             )             |                                                                                                                                                                                      |   |                                                                         |
| Robert      Band                             |              )  |                                                                                                                                                                                      |   |                                                                         |
| Willard      W. Brittain, Jr                 |             )             |                                                                                                                                                                                      |   |                                                                         |
| Robert      A. Kennedy                       |              )  |  /s/Robert      Band                                                                                                                                                                 |   |                                                                         |
| Michael      R. Klein                        |              )  | Robert      Band                                                                                                                                                                          |   |                                                                         |
| Robert      L. Miller                        |        )             |              Attorney in Fact                                                                                                                          |   |                                                                         |
| Raymond      R. Oneglia                      |             )             |                                                                                                                                                                                      |   |                                                                         |
| Donald      D. Snyder                        |             )             |  Dated:  March      1, 2010                                                                                                                                                |   |                                                                         |

----

| Assets                                                                 |   |   |      |   |   |   |
|------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                                                   |   | 2009   |      |   | 2008   |   |
| CURRENT      ASSETS:                                                   |   |   |      |   |   |   |
| Cash,      including cash equivalents of $294,807 and $333,869    |   | $      | 348,309   |   |   | $      | 386,172 |   |
| Accounts      receivable, including retainage of $544,875 and $656,458 |   |   | 1,088,386 |   |   |   | 1,378,040 |   |
| Costs      and estimated earnings in excess of billings                |   |   | 145,678   |   |   |   | 115,706 |   |
| Deferred      tax asset                                                |   |   | 1,370     |   |   |   | 11,589 |   |
| Other      current assets                                              |   |   | 30,811    |   |   |   | 18,793 |   |
| Total      current assets                                              |   |   | 1,614,554 |   |   |   | 1,910,300 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| LONG-TERM      INVESTMENTS                                             |   |   | 101,201   |   |   |   | 104,779 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| PROPERTY      AND EQUIPMENT, at cost:                                  |   |   |      |   |   |   |   |   |
| Land                                                                   |   |   | 33,114    |   |   |   | 27,082 |   |
| Buildings      and improvements                                        |   |   | 85,830    |   |   |   | 71,547 |   |
| Construction      equipment                                            |   |   | 184,579   |   |   |   | 169,714 |   |
| Other      equipment                                                   |   |   | 112,554   |   |   |   | 107,253 |   |
|                                                                   |   |   | 416,077   |   |   |   | 375,596 |   |
| Less      – Accumulated depreciation                             |   |   | 67,256    |   |   |   | 47,116 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| Total      property and equipment, net                                 |   |   | 348,821   |   |   |   | 328,480 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| GOODWILL                                                               |   |   | 602,471   |   |   |   | 588,112 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| INTANGIBLE      ASSETS, NET                                            |   |   | 134,327   |   |   |   | 125,026 |   |
|                                                                   |   |   |      |   |   |   |   |   |
| OTHER      ASSETS                                                      |   |   | 19,280    |   |   |   | 16,381 |   |
|                                                                   |   |   |      |   |   |   |   |   |
|                                                                   |   | $      | 2,820,654 |   |   | $      | 3,073,078 |   |

----

|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |
|-----------------------------------------------------------------------------|--------|--------|-----------|--------|------------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |
| Liabilities      and Stockholders’ Equity                             |   |   |      |   |       |    |                                                                                                                                                         |    |
|                                                                        |   | 2009   |      |   |  2008 |    |                                                                                                                                                         |    |
| CURRENT      LIABILITIES:                                                   |   |   |      |   |       |    |                                                                                                                                                         |    |
| Current      maturities of long-term debt                                   |   | $      | 31,334    |   |       | $       |                               18,674 |    |
| Accounts      payable, including retainage of $396,928 and $486,561         |   |   | 990,551   |   |       |    | 1,352,041                                                                                                                                                    |    |   |   |   |   |
| Billings      in excess of costs and estimated earnings                     |   |   | 187,714   |   |       |    | 192,442                                                                                                                                                 |    |   |   |   |   |
| Accrued      expenses                                                       |   |   | 101,837   |   |       |    | 122,094                                                                                                                                                 |    |   |   |   |   |
| Total      current liabilities                                              |   |   | 1,311,436 |   |       |    | 1,685,251                                                                                                                                               |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| LONG-TERM      DEBT, less current maturities included above                 |   |   | 84,771    |   |       |    | 61,580                                                                                                                                                  |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| DEFERRED      INCOME TAXES                                                  |   |   | 78,977    |   |       |    |  98,862                                                                                                                                                 |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| OTHER      LONG-TERM LIABILITIES                                            |   |   | 57,044    |   |       |    |  89,159                                                                                                                                                 |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| CONTINGENCIES      AND COMMITMENTS                                          |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| STOCKHOLDERS’      EQUITY:                                            |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| Common      stock, $1 par value:                                            |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| Authorized      – 75,000,000 shares                                   |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
| Issued      and outstanding – 48,538,982 shares and 48,319,223 shares |   |   | 48,539    |   |       |    | 48,319                                                                                                                                                       |    |   |   |   |   |
| Additional      paid-in capital                                             |   |   | 1,012,983 |   |       |    |  1,001,392                                                                                                                                              |    |   |   |   |   |
| Retained      earnings                                                      |   |   | 260,121   |   |       |    |  123,060                                                                                                                                                |    |   |   |   |   |
| Accumulated      other comprehensive loss                                   |   |   | (33,217   | )      |       |    |           (34,545                                                                                                                        | )  |   |   |   |   |
| Total      stockholders' equity                                             |   |   | 1,288,426 |   |       |    |  1,138,226                                                                                                                                              |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
|                                                                        |   |   |      |   |       |    |                                                                                                                                                         |    |   |   |   |   |
|                                                                        |   | $      | 2,820,654 |   |       |  $ |  3,073,078                                                                                                                                              |    |   |   |   |   |

----

|                                                                 |   | 2009    |      |   |   |   |   | 2008   |   |    |      |   |   | 2007   |   |
|----------------------------------------------------------------------|--------|---------|-----------|--------|--------|--------|--------|--------|--------|---------|-----------|--------|--------|--------|--------|
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |
| Revenues                                                             |   |  $ | 5,151,966 |   |   |   |   |   |   |  $ | 5,660,286 |   |   |   |   |   |   |  $ | 4,628,358 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Cost      of Operations                                              |   |    | 4,763,919 |   |   |   |   |   |   |    | 5,327,056 |   |   |   |   |   |   |   | 4,379,464 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Gross      Profit                                                    |   |    | 388,047   |   |   |   |   |   |   |    | 333,230   |   |   |   |   |   |   |   | 248,894 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| General      and Administrative Expenses                             |   |    | 176,504   |   |   |   |   |   |   |    | 133,998   |   |   |   |   |   |   |   | 107,913 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Goodwill      and Intangible Asset Impairment                        |   |    | -         |   |   |   |   |   |   |    | 224,478   |   |   |   |   |   |   |   | - |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| INCOME      (LOSS) FROM CONSTRUCTION OPERATIONS                      |   |    | 211,543   |   |   |   |   |   |   |    | (25,246   | )      |   |   |   |   |   |   | 140,981 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Other      Income, Net                                               |   |    | 1,098     |   |   |   |   |   |   |    | 9,559     |   |   |   |   |   |   |   | 15,361 |   |
| Interest      Expense                                                |   |    | (7,501    | )      |   |   |   |   |   |    | (4,163    | )      |   |   |   |   |   |   | (1,947 | ) |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Income      (Loss) before Income Taxes                               |   |    | 205,140   |   |   |   |   |   |   |    | (19,850   | )      |   |   |   |   |   |   | 154,395 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Provision      for Income Taxes                                      |   |    | (68,079   | )      |   |   |   |   |   |    | (55,290   | )      |   |   |   |   |   |   | (57,281 | ) |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| NET      INCOME (LOSS)                                               |   | $       | 137,061   |   |   |   |   |   |   | $       | (75,140   | )      |   |   |   |   |   | $ | 97,114 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| BASIC      EARNINGS (LOSS) PER COMMON SHARE                          |   | $       | 2.82      |   |   |   |   |   |   | $       | (2.19     | )      |   |   |   |   |   | $ | 3.62 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| DILUTED      EARNINGS (LOSS) PER COMMON SHARE                        |   | $       | 2.79      |   |   |   |   |   |   | $       | (2.19     | )      |   |   |   |   |   | $ | 3.54 |   |
|                                                                 |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE COMMON SHARES OUTSTANDING:                     |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| BASIC                                                                |   |    | 48,525    |   |   |   |   |   |   |    | 34,272    |   |   |   |   |   |   |   | 26,819 |   |
| Effect      of Dilutive Stock Options, Warrants and Restricted Stock |   |    |      |   |   |   |   |   |   |    |      |   |   |   |   |   |   |   |   |   |
| Units                                                                |   |    | 559       |   |   |   |   |   |   |    | -         |   |   |   |   |   |   |   | 600 |   |
| DILUTED                                                              |   |    | 49,084    |   |   |   |   |   |   |    | 34,272    |   |   |   |   |   |   |   | 27,419 |   |

----

|                                                             |   |     |   |   |   |   |   |       |   |   |      |   |   | Accumulated        |    |   |   |   |
|------------------------------------------------------------------|--------|----------|--------|--------|--------|--------|--------|------------|--------|--------|-----------|--------|--------|--------------------|---------|--------|--------|--------|
|                                                             |   | Stock    |   |   |   |   |   | Additional |   |   |      |   |   | Other              |    |   |   |   |
|                                                             |   | Purchase |   |   | Common |   |   | Paid-In    |   |   | Retained  |   |   | Comprehensive      |    |   |   |   |
|                                                             |   | Warrants |   |   | Stock  |   |   | Capital    |   |   | Earnings  |   |   | (Loss)      Income |    |   | Total  |   |
| Balance      - December 31, 2006                                 |   | $        | 461    |   |   | $      | 26,554 |       |   | $      | 139,450   |   |   | $                  | 101,086 |   |   | $      | (23,692 | ) |   | $ | 243,859 |   |
| Net      Income                                                  |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | 97,114  |   |   |   | - |   |   |   | 97,114 |   |
| Other      comprehensive income:                                 |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   |   |   |
|     Change      in pension benefit plans     |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | -       |   |   |   | 6,175 |   |   |   | 6,175 |   |
| Total      comprehensive income                                  |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   | 103,289 |   |
| Common      Stock options and                                    |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   |   |   |
|   stock purchase warrants      exercised                    |   |     | (461   | )      |   |   | 267    |       |   |   | 1,095     |   |   |               | -       |   |   |   | - |   |   |   | 901 |   |
| Excess      income tax benefit from stock-based compensation     |   |     | -      |   |   |   | -      |       |   |   | 5,712     |   |   |               | -       |   |   |   | - |   |   |   | 5,712 |   |
| Restricted      stock compensation expense                       |   |     | -      |   |   |   | -      |       |   |   | 14,427    |   |   |               | -       |   |   |   | - |   |   |   | 14,427 |   |
| Issuance      of Common Stock, net                               |   |     | -      |   |   |   | 166    |       |   |   | (20       | )      |   |               | -       |   |   |   | - |   |   |   | 146 |   |
| Balance      - December 31, 2007                                 |   | $        | -      |   |   | $      | 26,987 |       |   | $      | 160,664   |   |   | $                  | 198,200 |   |   | $      | (17,517 | ) |   | $ | 368,334 |   |
| Net      Loss                                                    |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | (75,140 | )      |   |   | - |   |   |   | (75,140 | ) |
| Other      comprehensive loss:                                   |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   |   |   |
|     Change      in pension benefit plans     |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | -       |   |   |   | (14,922 | ) |   |   | (14,922 | ) |
|     Change      in fair value of investments |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | -       |   |   |   | (2,005 | ) |   |   | (2,005 | ) |
|     Foreign      currency translation        |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | -       |   |   |   | (101 | ) |   |   | (101 | ) |
| Total      comprehensive loss                                    |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   | (92,168 | ) |
| Common      Stock issued in acquisition of                       |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   |   |   |
| Tutor-Saliba      Corporation                                    |   |     | -      |   |   |   | 22,987 |       |   |   | 858,476   |   |   |               | -       |   |   |   | - |   |   |   | 881,463 |   |
| Common      Stock purchased under share repurchase program       |   |     | -      |   |   |   | (2,004 | )          |   |   | (29,793   | )      |   |               | -       |   |   |   | - |   |   |   | (31,797 | ) |
| Excess      income tax benefit from stock-based compensation     |   |     | -      |   |   |   | -      |       |   |   | 533       |   |   |               | -       |   |   |   | - |   |   |   | 533 |   |
| Stock-based      compensation expense                            |   |     | -      |   |   |   | -      |       |   |   | 12,145    |   |   |               | -       |   |   |   | - |   |   |   | 12,145 |   |
| Issuance      of Common Stock, net                               |   |     | -      |   |   |   | 349    |       |   |   | (633      | )      |   |               | -       |   |   |   | - |   |   |   | (284 | ) |
| Balance      - December 31, 2008                                 |   | $        | -      |   |   | $      | 48,319 |       |   | $      | 1,001,392 |   |   | $                  | 123,060 |   |   | $      | (34,545 | ) |   | $ | 1,138,226 |   |
| Net      Income                                                  |   |     | -      |   |   |   | -      |       |   |   | -         |   |   |               | 137,061 |   |   |   | - |   |   |   | 137,061 |   |
| Other      comprehensive loss:                                   |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   |   |   |
|     Change      in pension benefit plans     |   |     |   |   |   |   |   |       |   |   |      |   |   |               | -       |   |   |   | 1,221 |   |   |   | 1,221 |   |
|     Foreign      currency translation        |   |     |   |   |   |   |   |       |   |   |      |   |   |               | -       |   |   |   | 107 |   |   |   | 107 |   |
| Total      comprehensive income                                  |   |     |   |   |   |   |   |       |   |   |      |   |   |               |    |   |   |   |   |   |   |   | 138,389 |   |
| Tax      effect of stock-based compensation                      |   |     | -      |   |   |   | -      |       |   |   | (824      | )      |   |               | -       |   |   |   | - |   |   |   | (824 | ) |
| Stock-based      compensation expense                            |   |     | -      |   |   |   | -      |       |   |   | 12,462    |   |   |               | -       |   |   |   | - |   |   |   | 12,462 |   |
| Issuance      of Common Stock, net                               |   |     | -      |   |   |   | 220    |       |   |   | (47       | )      |   |               | -       |   |   |   | - |   |   |   | 173 |   |
| Balance      - December 31, 2009                                 |   | $        | -      |   |   | $      | 48,539 |       |   | $      | 1,012,983 |   |   | $                  | 260,121 |   |   | $      | (33,217 | ) |   | $ | 1,288,426 |   |

| The      accompanying notes are an integral part of these consolidated financial      statements. |
|---------------------------------------------------------------------------------------------------|

----

|                                                                                        |   | 2009   |     |   | 2008   |   |     | 2007   |   |
|---------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|----------|--------|--------|
| Cash      Flows from Operating Activities:                                                  |   |   |     |   |   |   |     |   |   |
| Net      income (loss)                                                                      |   | $      | 137,061  |   |   | $      | (75,140  | )      |   | $ | 97,114 |   |
|                                                                                        |   |   |     |   |   |   |     |   |   |   |   |   |
| Adjustments      to reconcile net income (loss) to net cash from operating      activities: |   |   |     |   |   |   |     |   |   |   |   |   |
| Goodwill      and intangible asset impairment                                               |   |   | -        |   |   |   | 224,478  |   |   |   | - |   |
| Depreciation                                                                                |   |   | 21,292   |   |   |   | 12,345   |   |   |   | 9,225 |   |
| Amortization      of intangible assets and deferred expenses                                |   |   | 17,215   |   |   |   | 15,251   |   |   |   | 1,718 |   |
| Stock-based      compensation expense                                                       |   |   | 12,462   |   |   |   | 12,145   |   |   |   | 14,427 |   |
| Adjustment      of investments to fair value                                                |   |   | (39      | )      |   |   | 2,721    |   |   |   | - |   |
| Excess      income tax benefit from stock-based compensation                                |   |   | (28      | )      |   |   | (533     | )      |   |   | (5,712 | ) |
| Deferred      income taxes                                                                  |   |   | (10,541  | )      |   |   | (7,984   | )      |   |   | (10,668 | ) |
| Loss      (gain) on sale of land, net                                                       |   |   | 340      |   |   |   | 638      |   |   |   | (566 | ) |
| Gain      on sale of property and equipment                                                 |   |   | 624      |   |   |   | (1,706   | )      |   |   | (1,960 | ) |
| Other      long-term liabilities                                                            |   |   | (36,284  | )      |   |   | 7,581    |   |   |   | 14,168 |   |
| Other      non-cash items, net                                                              |   |   | -        |   |   |   | -        |   |   |   | (10 | ) |
| Cash      from changes in other components of working capital:                              |   |   |     |   |   |   |     |   |   |   |   |   |
| (Increase)      decrease in:                                                                |   |   |     |   |   |   |     |   |   |   |   |   |
| Accounts      receivable                                                                    |   |   | 363,076  |   |   |   | (125,064 | )      |   |   | (224,088 | ) |
| Costs      and estimated earnings in excess of billings                                     |   |   | (29,798  | )      |   |   | (12,032  | )      |   |   | 21,944 |   |
| Other      current assets                                                                   |   |   | (11,017  | )      |   |   | (3,936   | )      |   |   | 3,881 |   |
| Increase      (decrease) in:                                                                |   |   |     |   |   |   |     |   |   |   |   |   |
| Accounts      payable                                                                       |   |   | (449,370 | )      |   |   | 125,736  |   |   |   | 297,989 |   |
| Billings      in excess of costs and estimated earnings                                     |   |   | (8,928   | )      |   |   | (36,844  | )      |   |   | 27,850 |   |
| Accrued      expenses                                                                       |   |   | (32,112  | )      |   |   | (11,602  | )      |   |   | 36,218 |   |
|                                                                                        |   |   |     |   |   |   |     |   |   |   |   |   |
|         NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES                          |   |   | (26,047  | )      |   |   | 126,054  |   |   |   | 281,530 |   |
|                                                                                        |   |   |     |   |   |   |     |   |   |   |   |   |
| Cash      Flows from Investing Activities:                                                  |   |   |     |   |   |   |     |   |   |   |   |   |
| Acquisition      of Keating Building Company,                                               |   |   | (6,900   | )      |   |   | -        |   |   |   | - |   |
| net      of cash balance acquired                                                           |   |   |     |   |   |   |     |   |   |   |   |   |
| Cash      balance recorded in merger with Tutor-Saliba Corporation,                         |   |   | -        |   |   |   | 92,081   |   |   |   | - |   |
| net      of transaction costs                                                               |   |   |     |   |   |   |     |   |   |   |   |   |
| Acquisition      of property and equipment                                                  |   |   | (37,005  | )      |   |   | (66,767  | )      |   |   | (23,885 | ) |
| Proceeds      from sale of property and equipment                                           |   |   | 1,873    |   |   |   | 6,697    |   |   |   | 4,994 |   |
| Land      held for sale, net                                                                |   |   | 203      |   |   |   | (774     | )      |   |   | 1,133 |   |
| Investment      in available-for-sale securities                                            |   |   | -        |   |   |   | (218,325 | )      |   |   | (8,000 | ) |
| Proceeds      from sale of available-for-sale securities                                    |   |   | 3,641    |   |   |   | 115,856  |   |   |   | 116 |   |
| Investment      in other activities                                                         |   |   | (2,698   | )      |   |   | (840     | )      |   |   | 27 |   |
|                                                                                        |   |   |     |   |   |   |     |   |   |   |   |   |
| NET      CASH USED BY INVESTING ACTIVITIES                                                  |   |   | (40,886  | )      |   |   | (72,072  | )      |   |   | (25,615 | ) |

----

|                                                                                 |   | 2009   |     |   | 2008   |   |     | 2007   |   |
|--------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|----------|--------|--------|
| Cash      Flows from Financing Activities:                                           |   |   |     |   |   |   |     |   |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |
| Proceeds      from long-term debt                                                    |   | $      | 180,182  |   |   | $      | 2,213    |   |   | $ | 5,971 |   |
| Repayment      of long-term debt                                                     |   |   | (150,625 | )      |   |   | (38,696  | )      |   |   | (33,981 | ) |
| Repayment      of shareholder notes payable                                          |   |   | -        |   |   |   | (58,485  | )      |   |   | - |   |
| Purchase      of common stock under share repurchase program                         |   |   | -        |   |   |   | (31,797  | )      |   |   | - |   |
| Proceeds      from exercise of common stock options and stock purchase      warrants |   |   | 34       |   |   |   | -        |   |   |   | 901 |   |
| Excess      income tax benefit from stock-based compensation                         |   |   | 28       |   |   |   | 533      |   |   |   | 5,712 |   |
| Issuance      of common stock and effect of cashless exercise                        |   |   | 139      |   |   |   | (284     | )      |   |   | 146 |   |
| Deferred      debt costs                                                             |   |   | (688     | )      |   |   | (482     | )      |   |   | (980 | ) |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| NET      CASH PROVIDED (USED) BY FINANCING ACTIVITIES                                |   |   | 29,070   |   |   |   | (126,998 | )      |   |   | (22,231 | ) |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Net      (Decrease) Increase in Cash and Cash Equivalents                            |   |   | (37,863  | )      |   |   | (73,016  | )      |   |   | 233,684 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Cash      and Cash Equivalents at Beginning of Year                                  |   |   | 386,172  |   |   |   | 459,188  |   |   |   | 225,504 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Cash      and Cash Equivalents at End of Year                                        |   | $      | 348,309  |   |   | $      | 386,172  |   |   | $ | 459,188 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Supplemental      Disclosure of Cash Paid During the Year For:                       |   |   |     |   |   |   |     |   |   |   |   |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Interest                                                                             |   | $      | 7,804    |   |   | $      | 3,693    |   |   | $ | 1,872 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Income      taxes                                                                    |   | $      | 83,747   |   |   | $      | 79,270   |   |   | $ | 59,450 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Supplemental      Disclosure of Non-Cash Transactions:                               |   |   |     |   |   |   |     |   |   |   |   |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Grant      date fair value of common stock issued for services                       |   | $      | 7,411    |   |   | $      | 12,651   |   |   | $ | 5,966 |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Property      and equipment acquired through financing arrangements                  |   | $      | 5,734    |   |   | $      | 27,441   |   |   | $ | - |   |
|                                                                                 |   |   |     |   |   |   |     |   |   |   |   |   |
| Common      stock issued in merger with Tutor-Saliba Corporation                     |   | $      | -        |   |   | $      | 881,463  |   |   | $ | - |   |

----

----

|                                              |   | 2009   |    |   | 2008   |   |
|---------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Unbilled      costs and profits incurred to date* |   | $      | 44,637  |   |   | $      | 30,623 |   |
| Unapproved      change orders                     |   |   | 32,683  |   |   |   | 16,401 |   |
| Claims                                            |   |   | 68,358  |   |   |   | 68,682 |   |
|                                              |   | $      | 145,678 |   |   | $      | 115,706 |   |

|   | *      Represents the excess of contract costs and profits recognized to date on      the percentage of completion accounting method over the amount of contract      billings to date on certaincontracts. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                                                    |   | 2009   |    |   | 2008   |   |
|---------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                    |   |   |    |   |   |   |
| Corporate      cash and cash equivalents (available     |   |   |    |   |   |   |
| for      general corporate purposes)                    |   | $      | 323,867 |   |   | $      | 342,246 |   |
|                                                    |   |   |    |   |   |   |   |   |
| Company's      share of joint venture cash and          |   |   |    |   |   |   |   |   |
| cash      equivalents (available only for joint venture |   |   |    |   |   |   |   |   |
| purposes,      including future distributions)          |   |   | 24,442  |   |   |   | 43,926 |   |
|                                                    |   | $      | 348,309 |   |   | $      | 386,172 |   |

----

----

----

----

|                           |                |   | Fair      Value Measurements at Dec. 31, 2009 Using |   |
|--------------------------------|---------------------|--------|-----------------------------------------------------|--------|
|                           |                |   |                                                |   | Significant      other |   | Significant |   |
|                           | Total      Carrying |   | Quoted      prices in                               |   | observable |   | unobservable |   |
|                           | Value      at       |   | active      markets                                 |   | inputs |   | inputs |   |
|                           | Dec.      31, 2009  |   | (Level      1)                                      |   | (Level      2) |   | (Level      3) |   |
|                           |                |   |                                                |   |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents | $              |   | 348,309                                             |   | $  |   | 348,309 |   | $  |   | - |   | $  |   | - |   |
| Short-term      investments    |                |   | 76                                                  |   |   |   | 76 |   |   |   | - |   |   |   | - |   |
| Auction      rate securities   |                |   | 101,201                                             |   |   |   | - |   |   |   |   |   |   |   | 101,201 |   |
| TOTAL                          | $              |   | 449,586                                             |   | $  |   | 348,385 |   | $  |   | - |   | $  |   | 101,201 |   |

|                              |   | Auction      Rate |    |
|-----------------------------------|--------|-------------------|---------|
|                              |   | Securities        |    |
| Balance      at December 31, 2008 |   | $                 | 103,429 |   |
| Settlements                       |   |              | (2,228  | ) |
| Balance      at December 31, 2009 |   | $                 | 101,201 |   |

|                                           |   |     |     |   |   |   |    | Management |   |   |    |   |
|------------------------------------------------|--------|----------|----------|--------|--------|--------|---------|------------|--------|--------|---------|--------|
|                                           |   | Building |     |   | Civil  |   |    | Services   |   |   | Total   |   |
| Gross      goodwill, December 31, 2008         |   | $        | 605,314  |   |   | $      | 83,163  |       |   | $      | 66,533  |   |   |   | 755,010 |   |
| Accumulated      impairment                    |   |     | (146,847 | )      |   |   | -       |       |   |   | (20,051 | )      |   |   | (166,898 | ) |
| Balance      at December 31, 2008              |   |     | 458,467  |   |   |   | 83,163  |       |   |   | 46,482  |   |   | $ | 588,112 |   |
| Goodwill      recorded in connection with      |   |     |     |   |   |   |    |       |   |   |    |   |   |   |   |   |
|   the      acquisition of Keating    |   |     | 14,359   |   |   |   | -       |       |   |   | -       |   |   |   | 14,359 |   |
| Subtotal                                       |   |     | 472,826  |   |   |   | 83,163  |       |   |   | 46,482  |   |   |   | 602,471 |   |
| Reallocation      based on relative fair value |   |     | (217,929 | )      |   |   | 217,824 |       |   |   | 105     |   |   |   | - |   |
| Balance      at December 31, 2009              |   | $        | 254,897  |   |   | $      | 300,987 |       |   | $      | 46,587  |   |   | $ | 602,471 |   |

----

----

|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |                          |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |           |               |            |                         |   |
|------------------------------------------------------------------------|------------------|--------|------------------------------------|--------------------------------------------------------------|-------------------------------------------|------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|--------|--------------------------------|----------|--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|----------------|--------------------|-----------------|------------------------------|--------|
|                                                                   |             |   |                               |                                                         |   December 31, 2009   |                                                                                                             |                                                                                                                                     |                                     |                          |   |                           | Weighted |                                                         |                                                                                                                                                                                                                                                        |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |  Accumulated        |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    | Average   |               |            |
|                                                                   |             |   |                               |                                                         |   Accumulated              |                      Impairment  |                                                                                                                                     |                                                                                                                                                                                                               |  Carrying                |   |                           |     | Amortization                                            |                                                                                                                                                                                                                                                        |    |
|                                                                   |   Cost |   |  Amortization                 |                                                         | Charge                                    |                                                                                                             |                                                                                                                                     |  Value                                                                                                                                                                                                        |                          |   |                           | Period   |                                                         |                                                                                                                                                                                                                                                        |
|                                                                   |             |   |                               |            |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |                          |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |           |               |            |                         |   |
| Trade      names          | $           |   | 153,050                       |                                                         | $                                    |                                                                                              | -                                                                                                                                   |                                                                                                                                                                                                               | $                        |   | (56,900                        | )        |                                                         |  $                                    96,150                       |    |           |               | Indefinite      |                         |   |
| Contractor      license                                                |             |   | 6,000                              |                                                         |                                      |                                                                                                             | -                                                                                                                                        |                                                                                                                                                                                                               |                          |   | (680                           | )        |            |                                               5,320 |    |           |               | Indefinite      |                         |   |
| Customer      relationships                                            |             |   | 31,700                             |                                                         |                                      |                                                                                                             | (4,243                                                                                                                                   | )                                                                                                                                                                                                                  |                          |   | -                              |     |                                                         |                                         27,457                                    |    |           |               | 11.8      years |                         |   |
| Construction      contract backlog                                     |             |   | 33,340                             |                                                         |                                      |                                                                                                             | (28,300                                                                                                                                  | )                                                                                                                                                                                                                  |                          |   | -                              |     |                                                         |                                          5,040                               |    |           |               | 2.5      years  |                         |   |
| Non-compete      agreements                                            |             |   | 2,400                              |                                                         |                                      |                                                                                                             | (2,040                                                                                                                                   | )                                                                                                                                                                                                                  |                          |   | -                              |     |                                                         |                                             360               |    |           |               | 5      years    |                         |   |
| Total                                                                  | $           |   | 226,490                            |                                                         | $                                    |                                                                                                             | (34,583                                                                                                                                  | )                                                                                                                                                                                                                  | $                        |   | (57,580                        | )        |                                                         |  $                                  134,327                                  |    |           |               |            |                         |   |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |                          |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |           |               |            |                         |   |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |                          |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |           |               |            |                         |   |   |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                    December 31,      2008 |                                                                                                                                                                                                               |                          |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |  Weighted |               |            |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |   Accumulated  |   |                           |     |                                                         |                                                                                                                                                                                                                                                        |    |           |  Average      |            |                         |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             | Accumulated                                                                                                                         |                                                                                                                                                                                                               |  Impairment              |   |                           |     | Carrying                                 |                                                                                                                                                                                                                                                        |    |           |  Amortization |            |                         |
|                                                                   |             |   | Cost           |                                                         |                                      |                                                                                                             | Amortization                         |                                                                                                                                                                                                               |  Charge                  |   |       |     | Value                                         |                                                                                                                                                                                                                                                        |    |           | Period             |            |                         |
| Trade      names                                                       | $           |   | 140,350                            |                                                         | $                                    |                                                                                                             | -                                                                                                                                   |                                                                                                                                                                                                               |                          |   | 56,900)                        |     |                                                         |  $                                                                                                                                                                                                                                                     | 83,450  |           |               |            |        Indefinite  |   |   |
| Contractor      license                                                |             |   | 6,000                              |                                                         |                                      |                                                                                                             | -                                                                                                                                        |                                                                                                                                                                                                               |                          |   | (680)                          |     |                                                         |                                                                                                                                                                                                                                                        | 5,320   |           |               |            |  Indefinite             |   |   |
| Customer      relationships                                            |             |   | 26,700                             |                                                         |                                      |                                                                                                             | (1,373                                                                                                                                   | )                                                                                                                                                                                                                  |                          |   | -                         |     |                                                         |                                                                                                                                                                                                                                                        | 25,327  |           |               |            |  12.7      years        |   |   |
| Construction      contract backlog                                     |             |   | 25,040                             |                                                         |                                      |                                                                                                             | (14,951                                                                                                                                  | )                                                                                                                                                                                                                  |                          |   | -                         |     |                                                         |                                                                                                                                                                                                                                                        | 10,089  |           |               |            |  2.3      years         |   |   |
| Non-compete      agreements                                            |             |   | 2,400                              |                                                         |                                      |                                                                                                             | (1,560                                                                                                                                   | )                                                                                                                                                                                                                  |                          |   | -                         |     |                                                         |                                                                                                                                                                                                                                                        | 840     |           |               |            |  5      years           |   |   |
| Total                                                                  | $           |   | 200,490                            |                                                         | $                                    |                                                                                                             | (17,884                                                                                                                                  | )                                                                                                                                                                                                                  | $                             |   | (57,580)                       |     |                                                         | $                                                                                                                                                                                                                                                           | 125,026 |           |               |            |                         |   |   |
|                                                                   |             |   |                               |                                                         |                                      |                                                                                                             |                                                                                                                                     |                                                                                                                                                                                                               |                          |   |                           |     |

----

|                                                                                                                                                                                                                                                                                                                                        |   | 2009   |    |   | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |
| Equipment      financing at rates ranging from 2.33% to 7.95%                                                                                                                                                                                                                                                                               |   | $      | 37,486  |   |   | $      | 49,021 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Loan      on transportation equipment at a rate of 6.44% payable in equal monthly      installments over a five year period, with a balloon payment of $29.3      million in 2014                                                                                                                                                           |   |   | 34,398  |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Loan      on transportation equipment at a variable LIBOR-based rate plus 2.4%      payable in equal monthly installments over a seven year period, with a      balloon payment of $12.0 million in 2015                                                                                                                                    |   |   | 16,044  |   |   |   | 16,661 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Mortgage      on land and office building, both at a variable LIBOR-based interest rate      plus 2.0% with principal amortized at a fixed rate of 5.25% payable in      equal monthly installments over seven and fifteen year periods,      respectively. The seven year mortgage includes a balloon payment of $3.0      million in 2016 |   |   | 9,383   |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Mortgage      on office building at a rate of 8.96% payable in equal monthly      installments over a ten year period, with a balloon payment of      approximately $5.3 million in 2010                                                                                                                                                    |   |   | 5,560   |   |   |   | 5,855 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Mortgage      on office building at a variable rate of lender's prime rate less 1.0%      (1.25% in 2009) payable in equal monthly installments over a ten year      period, with a balloon payment of $2.6 million  in      2018                                                                                                 |   |   | 4,646   |   |   |   | 4,843 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Mortgage      on office building at a rate of 7.16% payable in equal monthly      installments over a five year period, with a balloon payment of $1.5      million in 2011                                                                                                                                                                 |   |   | 1,614   |   |   |   | 1,665 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Mortgage      on office building at a rate of 5.62% payable in equal monthly      installments over a five year period, with a balloon payment of $1.1      million in 2013                                                                                                                                                                 |   |   | 1,331   |   |   |   | 1,397 |   |
|                                                                                                                                                                                                                                                                                                                                        |   |   |    |   |   |   |   |   |
| Other      Indebtedness                                                                                                                                                                                                                                                                                                                     |   |   | 5,643   |   |   |   | 812 |   |
| Total                                                                                                                                                                                                                                                                                                                                       |   |   | 116,105 |   |   |   | 80,254 |   |
| Less      – current maturities                                                                                                                                                                                                                                                                                                        |   |   | 31,334  |   |   |   | 18,674 |   |
| Net      long-term debt                                                                                                                                                                                                                                                                                                                     |   | $      | 84,771  |   |   | $      | 61,580 |   |

----

----

|                                                                                        | Amount  |   |
|---------------------------------------------------------------------------------------------|---------|--------|
|                                                                                        |    |   |   |
|        2010                                              | $  |   | 10,277 |   |
|        2011                                              |    |   | 7,951 |   |
|        2012                                              |    |   | 6,536 |   |
|        2013                                              |    |   | 6,092 |   |
|        2014                                              |    |   | 5,896 |   |
|        Thereafter                                        |    |   | 11,697 |   |
|        Subtotal                                          |    |   | 48,449 |   |
|                                                                                        |    |   |   |   |
|        Less      -  Sublease rental agreements |    |   | (149 | ) |
|                                                                                        |    |   |   |   |
|        Total                                             | $  |   | 48,300 |   |

|                                           |   | U.S.       |    |   | Foreign    |   |    |   |   |
|------------------------------------------------|--------|------------|---------|--------|------------|--------|---------|--------|--------|
|                                           |   | Operations |    |   | Operations |   |    | Total  |   |
|                                           |   |       |    |   |       |   |    |   |   |
|        2009 |   | $          | 196,088 |   |       | $      | 9,052   |   |   | $ | 205,140 |   |
|        2008 |   |       | (3,734  | )      |       |   | (16,116 | )      |   |   | (19,850 | ) |
|        2007 |   |       | 154,395 |   |       |   | -       |   |   |   | 154,395 |   |

----

|                       |   | Federal |    |   | State  |   |         | Foreign |   |   | Total  |   |
|----------------------------|--------|---------|---------|--------|--------|--------|--------------|---------|--------|--------|--------|--------|
|                       |   |    |    |   |   |   |         |    |   |   |   |   |
| 2009                       |   |    |    |   |   |   |         |    |   |   |   |   |
| Current                    |   | $       | 65,822  |   |   | $      | 9,737        |    |   | $      | 3,061  |   |   | $ | 78,620 |   |
| Deferred                   |   |    | (11,139 | )      |   |   | 506          |    |   |   | 92     |   |   |   | (10,541 | ) |
|                       |   | $       | 54,683  |   |   | $      | 10,      243 |    |   | $      | 3,153  |   |   | $ | 68,079 |   |
| 2008                       |   |    |    |   |   |   |         |    |   |   |   |   |   |   |   |   |
| Current                    |   | $       | 54,811  |   |   | $      | 7,174        |    |   | $      | 1,289  |   |   | $ | 63,274 |   |
| Deferred                   |   |    | (7,732  | )      |   |   | (479         | )       |   |   | 227    |   |   |   | (7,984 | ) |
|                       |   | $       | 47,079  |   |   | $      | 6,695        |    |   | $      | 1,516  |   |   | $ | 55,290 |   |
|                       |   |    |    |   |   |   |         |    |   |   |   |   |   |   |   |   |
| 2007                       |   |    |    |   |   |   |         |    |   |   |   |   |   |   |   |   |
|    Current  |   | $       | 61,198  |   |   | $      | 6,751        |    |   | $      | -      |   |   | $ | 67,949 |   |
|    Deferred |   |    | (9,593  | )      |   |   | (1,075       | )       |   |   | -      |   |   |   | (10,668 | ) |
|                       |   | $       | 51,605  |   |   | $      | 5,676        |    |   | $      | -      |   |   | $ | 57,281 |   |

|                                                    |
|---------------------------------------------------------|
|                                                    |   |
|                                                    | 2009 |   | 2008 |   | 2007 |
|                                                    |   |   |   |   |   |
| Statutory      federal income tax rate                  | 35.0 | % | 35.0 | % | 35.0% |
| State      income taxes, net of federal tax benefit     | 3.2  |   | (24.0 | ) | 2.6          |
| Officer's      Compensation                        | 0.3  |   | (6.6 | ) | -           |
| Impairment      of goodwill and other intangible assets | -  |   | (294.3 | ) |                                 -   |
| Other                                                   | (5.3 | ) | 11.4 |   | (0.5)        |
| Effective      tax rate                                 | 33.2 | %  | (278.5 | ) |        37.1% |

----

|                                                         |   | 2009   |     |   | 2008   |   |
|--------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Deferred Tax Assets                                          |   |   |     |   |   |   |
| Timing      of expense recognition                           |   | $      | 43,312   |   |   | $      | 34,898 |   |
| Construction      contract accounting                        |   |   | -        |   |   |   | 1,002 |   |
| Other,      net                                              |   |   | (35      | )      |   |   | 2,384 |   |
| Deferred      tax assets                                     |   |   | 43,277   |   |   |   | 38,284 |   |
|                                                         |   |   |     |   |   |   |   |   |
| Deferred Tax Liabilities                                     |   |   |     |   |   |   |   |   |
| Intangible      assets, due primarily to purchase accounting |   |   | (55,231  | )      |   |   | (57,894 | ) |
| Fixed      assets, due primarily to purchase accounting      |   |   | (51,125  | )      |   |   | (38,906 | ) |
| Construction      contract accounting                        |   |   | (13,707  | )      |   |   | (22,169 | ) |
| Joint      ventures - construction                           |   |   | (360     | )      |   |   | (3,987 | ) |
| Other                                                        |   |   | (461     | )      |   |   | (2,601 | ) |
| Deferred      tax liabilities                                |   |   | (120,884 | )      |   |   | (125,557 | ) |
|                                                         |   |   |     |   |   |   |   |   |
| Net      deferred tax liability                              |   | $      | (77,607  | )      |   | $      | (87,273 | ) |

|                                  |   | 2009   |    |   | 2008   |   |
|---------------------------------------|--------|--------|---------|--------|--------|--------|
|                                  |   |   |    |   |   |   |
| Current      deferred tax asset       |   | $      | 1,370   |   |   | $      | 11,589 |   |
| Long-term      deferred tax liability |   |   | (78,997 | )      |   |   | (98,862 | ) |
|                                  |   | $      | (77,607 | )      |   | $      | (87,273 | ) |

----

|                                                                                            |        2009 |   |        2008                                                 |       |    |                     |               |
|-------------------------------------------------------------------------------------------------|------------------|--------|------------------------------------------------------------------|------------|---------|--------------------------|--------------------|
|     Mineral      reserves                                                   |  $          |   | 12,814                                                           |       |  $ |                     | 12,850             |   |   |   |   |   |
|     Deposits                                                                |             |   | 3,090                                                            |       |    |                     | -                  |   |   |   |   |   |
|     Deferred expenses                                                       |             |   | 1,903                                                            |       |    |                     | 1,432              |   |   |   |   |   |
|     Other      long term sale                                               |             |   | 1,473                                                            |       |    |                     | 1,556              |   |   |   |   |   |
|             Land      held for sale |             |   | -                                                           |       |    |                     | 543                |   |   |   |   |   |
|                                                                                  |  $          |   | 19,280                                                           |       |  $ |                     | 16,381             |   |   |   |   |   |
|                                                                                            |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                       |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
| Other      Long-term Liabilities                                                                |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                            |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                            |   2009 |   |                2008 |       |    |                     |               |   |
|      Pension      liability                                            | $                |   | 20,590                                                           |       |  $ |                     | 27,829             |   |   |   |   |   |
|      Mineral      royalties payable                                    |             |   |  11,325                                                     |       |    |                     |  11,360       |   |   |   |   |   |
|      Deferred purchase price                                           |             |   | 11,200                                                           |       |    |                     |  8,000        |   |   |   |   |   |
|      Subcontractor insurance      program                              |             |   |        7,787                                                |       |    |                     |        36,558 |   |   |   |   |   |
|      Employee benefit related      liabilities                         |             |   |  2,053                                                      |       |    |                     |  2,211        |   |   |   |   |   |
|      Deferred lease incentive                                          |             |   | 1,697                                                            |       |    |                     |  1,726        |   |   |   |   |   |
|      Other                                                             |             |   | 2,392                                                            |       |    |                     |  1,475        |   |   |   |   |   |
|                                                                                            |  $          |   |  57,044                                                     |       | $       |                     |  89,159       |   |   |   |   |   |
|                                                                                       |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|  Other (Expense) Income,      Net                                                          |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                            |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                            |   2009 |   |                                                             |  2008 |    |  2007               |               |
|      Interest income                                                   | $                |   |      4,666                              |       |  $ |      |  12,898       |   | $ |   |  13,811 |   |
|      Gain      (loss) from land sales, net                             |             |   |  (340                                                       | )          |    |                     |        (638   | ) |   |   |  566 |   |
|      Adjustment of investments to fair      value                      |             |   |  39                                                         |       |    |                     | (2,721             | ) |   |   | - |   |
|      Gain on      sale of property used in operations                  |             |   |  157                                                        |       |    |                     |  1,617        |   |   |   |  1,585 |   |
|      Bank      fees                                                    |             |   |  (1,494                                                     | )          |    |                     |  (1,093       | ) |   |   |  (683 | ) |
|      Miscellaneous income (expense),      net                          |             |   |  (1,930                                                     | )          |    |                     |  (504         | ) |   |   |  82 |   |
|                                                                                            | $                |   |  1,098                                                      |       | $       |                     |  9,559        |   | $ |   |  15,361 |   |
|                                                                                            |             |   |                                                             |       |    |                     |               |   |   |   |   |   |
|                                                                                            |             |   |                                                             |       |    |                     |               |   |   |   |   |   |

----

|                                                   |   | 2009   |   |   | 2008   |   |   | 2007   |   |
|--------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                   |   |   |   |   |   |   |   |   |   |
| Interest      cost on projected benefit obligation     |   | $      | 4,676  |   |   | $      | 4,658  |   |   | $ | 4,490 |   |
| Expected      return on plan assets                    |   |   | (4,871 | )      |   |   | (4,799 | )      |   |   | (4,536 | ) |
| Amortization      of net loss                          |   |   | 1,776  |   |   |   | 1,468  |   |   |   | 2,261 |   |
| Net      periodic benefit cost                         |   | $      | 1,581  |   |   | $      | 1,327  |   |   | $ | 2,215 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Actuarial      assumptions used to determine net cost: |   |   |   |   |   |   |   |   |   |   |   |   |
| Discount      rate                                     |   |   | 6.29   | %      |   |   | 6.41   | %      |   |   | 5.86 | % |
| Expected      return on assets                         |   |   | 7.50   | %      |   |   | 7.50   | %      |   |   | 7.50 | % |
| Rate      of increase in compensation                  |   | n.a.   |   |   | n.a.   |   |   | n.a.   |   |

|                         |   | Percentage      of Plan Assets at December 31, |
|------------------------------|--------|------------------------------------------------|
|                         |   | Target                                         |   |   |   |   |
|                         |   | Allocation                                     |   |   |   |   |
| Asset      Category          |   | 2010                                           |   | 2009 |   | 2008 |
| Equity      securities:      |   |                                           |   |   |   |   |
| Domestic                     |   | 60.0%                                          |   | 58.6% |   | 65.8% |
| International                |   | 15.0                                           |   | 14.2 |   | 14.7 |
| Fixed      income securities |   | 25.0                                           |   | 27.2 |   | 19.5 |
| Total                        |   | 100.0%                                         |   | 100.0% |   | 100.0% |
|                         |   |                                           |   |   |   |   |

----

|             |   | Amount |   |
|------------------|--------|--------|--------|
| 2010             |   | $      | 5,123  |   |
| 2011             |   |   | 5,203  |   |
| 2012             |   |   | 5,295  |   |
| 2013             |   |   | 5,478  |   |
| 2014             |   |   | 5,632  |   |
| 2015      - 2019 |   |   | 29,672 |   |

----

|                                                                            |   |       |    |   |   |   |
|---------------------------------------------------------------------------------|--------|------------|---------|--------|--------|--------|
| Change      in Fair Value of Plan Assets                                        |   |  2009 |    |   |   |   |  2008 |   |
| Balance      at beginning of year                                               |   | $          | 46,082  |   |   |   |   | $ | 66,343 |   |
| Actual      return on plan assets                                               |   |       | 9,247   |   |   |   |   |   | (19,265 | ) |
| Company      contribution                                                       |   |       | 6,949   |   |   |   |   |   | 3,344 |   |
| Benefit      payments                                                           |   |       | (4,563  | )      |   |   |   |   | (4,340 | ) |
| Balance      at end of year                                                     |   | $          | 57,715  |   |   |   |   | $ | 46,082 |   |
|                                                                            |   |       |    |   |   |   |   |   |   |   |
| Change      in Benefit Obligations                                              |   |       |    |   |   |   |   |   |   |   |
| Balance      at beginning of year                                               |   | $          | 76,350  |   |   |   |   | $ | 74,638 |   |
| Interest      cost                                                              |   |       | 4,676   |   |   |   |   |   | 4,658 |   |
| Actuarial      loss (gain)                                                      |   |       | 4,134   |   |   |   |   |   | 1,394 |   |
| Benefit      payments                                                           |   |       | (4,563  | )      |   |   |   |   | (4,340 | ) |
| Balance      at end of year                                                     |   | $          | 80,597  |   |   |   |   | $ | 76,350 |   |
|                                                                            |   |       |    |   |   |   |   |   |   |   |
| Funded      Status                                                              |   |       |    |   |   |   |   |   |   |   |
| Funded      status at December 31,                                              |   | $          | (22,882 | )      |   |   |   | $ | (30,268 | ) |
|                                                                            |   |       |    |   |   |   |   |   |   |   |
| Amounts      recognized in Consolidated Balance Sheets consist of:              |   |       |    |   |   |   |   |   |   |   |
| Current      liabilities                                                        |   | $          | (239    | )      |   |   |   | $ | (228 | ) |
| Long-term      liabilities                                                      |   |       | (22,643 | )      |   |   |   |   | (30,040 | ) |
|                                                                            |   |       |    |   |   |   |   |   |   |   |
| Net      amount recognized in Consolidated Balance Sheets                       |   | $          | (22,882 | )      |   |   |   | $ | (30,268 | ) |
|                                                                            |   |       |    |   |   |   |   |   |   |   |
| Amounts      not yet reflected in net periodic benefit cost and                 |   |       |    |   |   |   |   |   |   |   |
| included      in accumulated other comprehensive loss:                          |   |       |    |   |   |   |   |   |   |   |
| Net      Actuarial loss                                                         |   | $          | (39,488 | )      |   |   |   | $ | (41,506 | ) |
| Accumulated      other comprehensive loss                                       |   |       | (39,488 | )      |   |   |   |   | (41,506 | ) |
| Cumulative      Company contributions in excess of net periodic benefit    cost |   |       | 16,606  |   |   |   |   |   | 11,238 |   |
| Net      amount recognized in Consolidated Balance Sheets                       |   | $          | (22,882 | )      |   |   |   | $ | (30,268 | ) |

|                                                             | 2009             |                     | 2008             |
|------------------------------------------------------------------|------------------|--------------------------|------------------|
| Actuarial      assumptions used to determine benefit obligation: |             |      |             |
| Discount      rate                                               | 5.84%            |                     | 6.29%            |
| Rate      of increase in compensation                            | n.a.             |                     | n.a.             |
| Measurement      date                                            | December      31 |                     | December      31 |

----

|                                    |   | Quoted      Prices in Active Markets for Identical Assets |   |   | Significant      Observable Inputs |   |   | Significant      Unobservable Inputs |   |   | Total      Value |   |
|-----------------------------------------|--------|-----------------------------------------------------------|--------|--------|------------------------------------|--------|--------|--------------------------------------|--------|--------|------------------|--------|
|                                    |   | (Level      1)                                            |   |   | (Level      2)                     |   |   | (Level      3)                       |   |   |             |   |
| Cash      and cash equivalents          |   | $                                                         | 402    |   |                               | $      | -      |                                 |   | $      | -                |   |   | $ | 402 |   |
| Fixed      Income                       |   |                                                      | 15,269 |   |                               |   | -      |                                 |   |   | -                |   |   |   | 15,269 |   |
| International      Mutual Funds         |   |                                                      | 8,219  |   |                               |   | -      |                                 |   |   | -                |   |   |   | 8,219 |   |
| Hedge      Fund Investments             |   |                                                      |   |   |                               |   |   |                                 |   |   |             |   |   |   |   |   |
|   Cash                        |   |                                                      | 2,469  |   |                               |   | -      |                                 |   |   | -                |   |   |   | 2,469 |   |
|   Long-Short      Equity Fund |   |                                                      | -      |   |                               |   | -      |                                 |   |   | 14,574           |   |   |   | 14,574 |   |
|   Event      Driven Fund      |   |                                                      | -      |   |                               |   | -      |                                 |   |   | 4,488            |   |   |   | 4,488 |   |
|   Distressed      Credit      |   |                                                      | -      |   |                               |   | -      |                                 |   |   | 8,651            |   |   |   | 8,651 |   |
|   Multi-Strategy      Fund    |   |                                                      | -      |   |                               |   | -      |                                 |   |   | 3,643            |   |   |   | 3,643 |   |
| Total                                   |   | $                                                         | 26,359 |   |                               | $      | -      |                                 |   | $      | 31,356           |   |   | $ | 57,715 |   |

Hedge fund strategy types include long-short, event driven,multi-strategy and distressed credit.

|                                                    |   | Hedge      Fund Investments |   |
|---------------------------------------------------------|--------|-----------------------------|--------|
|                                                    |   |                        |   |
| Balance,      December 31, 2008                         |   | $                           | 25,026 |   |
|   Realized      losses                        |   |                        | (1,174 | ) |
|   Unrealized      gains                       |   |                        | 4,685  |   |
| Purchases,      sales, issuances, and settlements (net) |   |                        | 2,819  |   |
| Balance,      December 31, 2009                         |   | $                           | 31,356 |   |

----

|                                |   | 2009    |   |   | 2008         |   |
|-------------------------------------|--------|---------|--------|--------|--------------|--------|
|                                |   |    |   |   | Benefit      |   |   |   |   |   |   |   |   | Benefit |   |   |   |   |
|                                |   | Pension |   |   | Equalization |   |   |   |   |   | Pension |   |   | Equalization |   |   |   |   |
|                                |   | Plan    |   |   | Plan         |   |   | Total |   |   | Plan |   |   | Plan |   |   | Total |   |
| Projected      benefit obligation   |   | $       | 77,449 |   |         | $      | 3,148 |   |   | $ | 80,597 |   |   | $ | 73,315 |   |   | $ | 3,035 |   |   | $ | 76,350 |   |
| Accumulated      benefit obligation |   |    | 77,449 |   |         |   | 3,148 |   |   |   | 80,597 |   |   |   | 73,315 |   |   |   | 3,035 |   |   |   | 76,350 |   |
| Fair      value of plan assets      |   |    | 57,715 |   |         |   | - |   |   |   | 57,715 |   |   |   | 46,082 |   |   |   | - |   |   |   | 46,082 |   |
|                                |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Projected      benefit obligation   |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| greater      than fair value of     |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| plan      assets                    |   |    | 19,734 |   |         |   | 3,148 |   |   |   | 22,882 |   |   |   | 27,233 |   |   |   | 3,035 |   |   |   | 30,268 |   |
|                                |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accumulated      benefit obligation |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| greater      than fair value of     |   |    |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| plan      assets                    |   | $       | 19,734 |   |         | $      | 3,148 |   |   | $ | 22,882 |   |   | $ | 27,233 |   |   | $ | 3,035 |   |   | $ | 30,268 |   |

----

----

----

----

----

----

----

----

----

----

During 2009, the Compensation Committee approved the award of900,000 restricted stock units and 750,000 stock options.  Subject tothe achievement of pre-tax income performance targets established by theCompensation Committee, the awards will vest in equal annual installments (ortranches).  The 750,000 restricted stock units and 750,000 stockoptions granted during the second quarter of 2009 will vest in five equal annualinstallments from 2010 through 2014.  The 150,000 restricted stockunits granted during the third quarter of 2009 will vest in three equal annualinstallments from 2010 through 2012.  The Compensation Committee hasestablished the pre-tax performance target for the second half of fiscal year2009, but has not yet established pre-tax performance targets for the fiscalyears 2010 through 2013.  Therefore, the grant dates for the last fourtranches of the awards granted in the second quarter and the last two tranchesof the awards granted in the third quarter, totaling an aggregate of 1,300,000shares, have not been established for accounting purposes and, accordingly, thegrant date fair values of these tranches cannot be determinedcurrently.  The grant dates for these tranches will be established inthe future when the Compensation Committee establishes the respective pre-taxperformance targets for each tranche.  The grant date fair values ofeach tranche will be determined at that time and the related compensationexpense for each tranche will be amortized over the separate requisite serviceperiod for each tranche.

----

|                             |   |           |      |   | Weighted-Average |   |   | Aggregate  |       |
|----------------------------------|--------|----------------|-----------|--------|------------------|--------|--------|------------|------------|
|                             |   | Number         |      |   | Grant      Date  |   |   | Intrinsic  |       |
|                             |   | of      Shares |      |   | Fair      Value  |   |   | Value      |       |
|                             |   |           |      |   |             |   |   |       |       |
| Unvested,      January 1, 2009   |   |           | 1,797,501 |   |             |   | 26.26  |       |       | $ | 42,025,573 |   |
| Vested                           |   |           | (265,000  | )      |             |   | 33.86  |       |       |   | 8,972,900 |   |
| Granted                          |   |           | 275,000   |   |             |   | 20.71  |       |       |   | 4,972,000 |   |
| Forfeited                        |   |           | (90,000   | )      |             |   | 29.17  |       |       |   |   |   |
|                             |   |           | 1,717,501 |   |             |   | 24.05  |       |       |   | 31,052,418 |   |
| Approved      for grant          |   |           | 700,000   |   |  (a)        |   |   |       | 12,656,000 |   |
| Unvested,      December 31, 2009 |   |           | 2,417,501 |   |             | n.a.   |   | 43,708,418 |       |

| (a)   | Grant      date fair value cannot be determined currently because the related      performance targets for future years have not yet been established by the      Compensation Committee. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |              |   |                  |   |   |
|--------|-------------------|--------|-----------------------|--------|--------|
|   | Vesting      Date |   | Number      of Awards |   |   |
|   |  2010        |   |  685,001         |   |   |
|   |  2011        |   |  225,000         |   |   |
|   |  2012        |   | 200,000               |   |   |
|   |  2013        |   |  1,157,500       |   |   |
|   |  2014        |   |  150,000         |   |   |
|   | Total             |   |  2,417,501       |   |   |
|   |              |   |                  |   |   |
|   |              |   |                  |   |   |

----

|                                 |   |           |      |   | Weighted      Average |   |
|--------------------------------------|--------|----------------|-----------|--------|-----------------------|--------|
|                                 |   | Number         |      |   | Grant      Date       |   |   | Exercise |   |
|                                 |   | of      Shares |      |   | Fair      Value       |   |   | Price |   |
|                                 |   |           |      |   |                  |   |   |   |   |
| Outstanding      - January 1, 2009   |   |           | 805,000   |   |                  | $      | 11.78 |   |   | $ | 20.68 |   |
| Granted                              |   |           | 150,000   |   |                  |   | 9.98 |   |   |   | 20.33 |   |
| Forfeited                            |   |           | (20,000   | )      |                  |   | 14.84 |   |   |   | 26.19 |   |
| Subtotal                             |   |           | 935,000   |   |                  |   | 11.42 |   |   |   | 20.51 |   |
| Approved      for grant              |   |           | 600,000   |   |                  | (a)    |   |   |   | 20.33 |   |
| Outstanding      - December 31, 2009 |   |           | 1,535,000 |   |                  | n.a.   |   |   |   | 20.44 |   |

| (a)   | Grant      date fair value cannot be determined currently because the related      performance targets for future years have not yet been established by the      Compensation Committee. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Risk-free interestrates                       |   |                  |        2.65%                  |   |
|-----------------------------------------------|--------|-----------------------|------------------------------------|--------|
| Expected      life of options                 |   |        5.5 years |                               |
| Expected      volatility of underlying stock  |   |                  | 51.11%                             |   |
| Expected      quarterly dividends (per share) |   | $                     |           0.00 |   |

----

|                                                                                                                                  | 2009      by Quarter |   |
|---------------------------------------------------------------------------------------------------------------------------------------|----------------------|--------|
|                                                                                                                                  |                 | 1st    |   |   | 2nd |   |   | 3rd |   |   | 4th |   |
| Revenues                                                                                                                              | $                    |   | 1,518,282 |   |   | $ | 1,382,748 |   |   | $ | 1,168,769 |   |   | $ | 1,082,167 |   |
| Gross      Profit                                                                                                                     |                 |   | 106,910 |   |   |   | 108,213 |   |   |   | 85,366 |   |   |   | 87,558 |   |
| Net      Income                                                                                                                       |                 |   | 38,981 |   |   |   | 38,897 |   |   | $ | 26,684 |   |   | $ | 32,499 |   |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      earnings per common share                                                                                                  | $                    |   | 0.80 |   |   | $ | 0.80 |   |   | $ | 0.55 |   |   | $ | 0.67 |   |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      earnings per common share                                                                                                | $                    |   |  0.80 |   |   | $ | 0.79 |   |   |  $ |  0.54 |   |   | $ |  0.66 |   |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                  |  2008 byQuarter |   |
|                                                                                                                                  |                 |   | 1st |   |   |   | 2nd |   |   |   | 3rd |   |   |   | 4th      (a) |   |
| Revenues                                                                                                                              |  $              |   | 1,256,336 |   |   |  $ | 1,388,387 |   |   |  $ | 1,412,635 |   |   |  $ | 1,602,928 |   |
| Gross      profit                                                                                                                     |                 |   | 66,562 |   |   |   | 70,998 |   |   |   | 85,507 |   |   |   | 110,163 |   |
| Net      Income (loss)                                                                                                                |                 |   | 25,153 |   |   |   | 28,557 |   |   |   | 34,106 |   |   |   | (162,956 | ) |
|                                                                                                                                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                  |  $              |   | 0.93 |   |   |  $ | 1.05 |   |   |  $ | 1.03 |   |   |  $ | (3.29 | ) |
| Basic      earnings (loss) per common share                |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                  |  $              |   | 0.91 |   |   |  $ | 1.03 |   |   |  $ | 1.01 |   |   |  $ | (3.29 | ) |
| Diluted      earnings (loss) per common share                                                                                         |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                     |   | Reportable      Segments |      |                     |   |   |    |       |                           |   |
|------------------------------------------|--------|--------------------------|-----------|--------------------------|--------|--------|---------|------------|--------------------------------|--------|
|                                     |   |                     |      |                     |   |   |    | Management |                           |   |   |   |   |   |   |   |   | Consolidated |   |
|                                     |   | Building                 |      |                     | Civil  |   |    | Services   |                           |   | Totals |   |   | Corporate |   |   |   | Total |   |
| 2009                                     |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |
| Revenues                                 |   | $                        | 4,484,937 |                     |   | $      | 361,677 |       |       | $      | 305,352 |      |   | $ | 5,151,966 |   |   | $ | - |   |   |   | $ | 5,151,966 |   |
| Income      from Construction Operations |   |                     | 155,500   |                     |   |   | 44,268  |       |                           |   | 53,447 |   |   |   | 253,215 |   |   |   | (41,672 | ) | (a) |   |   | 211,543 |   |
| Assets                                   |   |                     | 1,580,735 |                     |   |   | 562,728 |       |                           |   | 293,177 |   |   |   | 2,436,640 |   |   |   | 384,014 |   | (b) |   |   | 2,820,654 |   |
| Capital      Expenditures                |   |                     | 19,671    |                     |   |   | 13,624  |       |                           |   | 5 |   |   |   | 33,300 |   |       |   | 9,439 |   |   |   |   | 42,739 |   |
|                                     |   |                     |      |      |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2008                                     |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                 |   | $                        | 5,146,563 |                     |   | $      | 310,722 |       |                           | $      | 203,001 |   |   | $ | 5,660,286 |   |    | $ | - |   |   |   | $ | 5,660,286 |   |
| Income      (loss) from                  |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction      Operations:            |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Before      Impairment Charge            |   |                     | 151,797   |                     |   |   | 28,115  |       |                           |   | 41,459 |   |   |   | 221,371 |   |   |   | (22,139 | ) | (a) |   |   | 199,232 |   |
| Impairment      Charge                   |   |                     | (197,627  | )                        |   |   | (6,000  | )          |                           |   | (20,851 | ) |   |   | (224,478 | ) |   |   | - |   |   |   |   | (224,478 | ) |
| After      Impairment Charge             |   |                     | (45,830   | )                        |   |   | 22,115  |       |                           |   | 20,608 |   |   |   | (3,107 | ) |   |   | (22,139 | ) |   |   |   | (25,246 | ) |
| Assets  (c)                    |   |                     | 1,743,547 |                     |   |   | 602,436 |       |                           |   | 178,201 |   |   |   | 2,524,184 |   |   |   | 548,894 |   | (b) |   |   | 3,073,078 |   |
| Capital      Expenditures                |   |                     | 20,490    |                     |   |   | 18,359  |       |                           |   | 2,309 |   |   |   | 41,158 |   |   |   | 53,050 |   |   |   |   | 94,208 |   |
|                                     |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2007                                     |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                 |   | $                        | 4,248,814 |                     |   | $      | 234,778 |       |                           | $      | 144,766 |   |   | $ | 4,628,358 |   |   | $ | - |   |   |   | $ | 4,628,358 |   |
| Income      (Loss) from                  |   |                     |      |                     |   |   |    |       |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction      Operations             |   |                     | 127,426   |                     |   |   | 12,991  | )          |                           |   | 49,402 |   |   |   | 163,837 |   |   |   | (22,856 | ) | (a) |   |   | 140,981 |   |
| Assets                                   |   |                     | 995,303   |                     |   |   | 181,798 |       |                           |   | 23,697 |   |   |   | 1,200,798 |   |   |   | 453,317 |   | (b) |   |   | 1,654,115 |   |
| Capital      Expenditures                |   |                     | 19,111    |                     |   |   | 4,504   |       |                           |   | 270 |   |   |   | 23,885 |   |   |   | - |   |   |   |   | 23,885 |   |

----

|   |   |
|--------|--------|

|                                          | Revenues                                              |                                          |
|-----------------------------------------------|-------------------------------------------------------|-----------------------------------------------|
|                                          |  2009                                            |                                          | 2008 |      |  2007 |   |
|                                          |                                                  |                                          |    |   |   |     |   |   |   |
| United      States                            |  $                                               |       4,853,477 |                |  $          |  5,464,944 |   |  $ |           4,494,976 |   |
| Foreign      and U.S. Territories             |                                                  |  298,489                                 |   |   |  195,342 |   |   |  133,382 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
| Total                                         |  $                                               |  5,151,966                               |   |  $ |  5,660,286 |   |  $ |  4,628,358 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |  Income      (Loss) from Construction Operations |                                          |
|                                          |  2009                                            |                                          |  2008 |   |   |  2007 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
| United      States                            |   $                                         |  202,852                                 |   |  $ |  181,739 |   |  $ | 114,986  |   |
| Foreign      and U.S. Territories             |                                                  |  50,363                                  |   |   |  39,632 |   |   |  48,851 |   |
| Corporate                                     |                                                  |  (41,672                                 | ) |   |  (22,139 | ) |   |  (22,856 | ) |
| Goodwill      and intangible asset impairment |                                                  |  -                                       |   |   |  (224,478 | ) |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
| Total                                         |  $                                               |  211,543                                 |   |  $ | (25,246  | ) |  $ |  140,981 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          | Assets                                                |                                          |
|                                          |  2009                                            |                                          | 2008 |   | 2007 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|  United      States                      |  $                                |  2,665,513                               |   |  $ |  2,934,381 |   |  $ |  1,654,115 |   |
|  Foreign      and U.S. Territories       |                                                  |  155,141                                 |   |   |  138,697 |   |   |  - |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|  Total                                   |  $                                               |  2,820,654                               |   |   |  3,073,078 |   |  $ |  1,654,115 |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
|                                          |                                                  |                                          |   |   |   |   |   |   |   |
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| Exhibit      2. | Plan      of Acquisition, Reorganization, Arrangement, Liquidation or      Succession |
|-----------------|---------------------------------------------------------------------------------------|
|            |                                                                                  |   |
|            | 2.1                                                                                   | Agreement      and Plan of Merger, dated as of April 2, 2008, by and among Tutor Perini      Corporation, Trifecta Acquisition LLC, Tutor-Saliba Corporation, Ronald N.      Tutor and shareholders of Tutor-Saliba Corporation signatory thereto      (incorporated by reference to Exhibit 2.1 to Form 8-K filed on April 7,      2008). |
|            |                                                                                  |   |
|            | 2.2                                                                                   | Amendment      No. 1 to the Agreement and Plan of Merger, dated as of May 28, 2008, by      and among Tutor Perini Corporation, Trifecta Acquisition LLC, Tutor-Saliba      Corporation, Ronald N. Tutor and shareholders of Tutor-Saliba Corporation      signatory thereto (incorporated by reference to Exhibit 2.2 to Form 10-Q      filed on August 8, 2008). |
|            |                                                                                  |   |
| Exhibit      3. | Articles      of Incorporation and By-laws                                            |
|            |                                                                                  |   |
|            | 3.1                                                                                   | Restated      Articles of Organization (incorporated by reference to Exhibit 4 to      FormS-2      (File No. 33-28401) filed on April 28, 1989). |
|            |                                                                                  |   |
|            | 3.2                                                                                   | Articles      of Amendment to the Restated Articles of Organization of the Tutor Perini      Corporation (incorporated by reference to Exhibit 3.2 to Form S-1 (File      No. 333-111338) filed on December 19, 2003). |
|            |                                                                                  |   |
|            | 3.3                                                                                   | Articles      of Amendment to the Restated Articles of Organization of Tutor Perini      Corporation (incorporated by reference to Exhibit 3.1 to Form 8-K filed on      April 12, 2000). |
|            |                                                                                  |   |
|            | 3.4                                                                                   | Articles      of Amendment to the Restated Articles of Organization of Tutor Perini      Corporation (incorporated by reference to Exhibit 3.1 to Form 8-K filed on      September 11, 2008.) |
|            |                                                                                  |   |
|            | 3.5                                                                                   | Articles      of Amendment to the Restated Articles of Organization of Tutor Perini      Corporation (incorporated by reference to Exhibit 3.5 to Form 10-Q filed      on August 10, 2009). |
|            |                                                                                  |   |
|            | 3.6                                                                                   | Second      Amended and Restated By-laws of Tutor Perini Corporation (incorporated by      reference to Exhibit 3.1 to Form 8-K filed on November 24,      2009). |
|            |                                                                                  |   |

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| Exhibit      4. | Instruments      Defining the Rights of Security Holders, Including    Indentures |
|-----------------|-----------------------------------------------------------------------------------|
|            |                                                                              |   |
|            | 4.1                                                                               | Registration      Rights Agreement by and among Tutor Perini Corporation, Tutor-Saliba      Corporation, Ronald N. Tutor, O&G Industries, Inc. and National Union      Fire Insurance Company of Pittsburgh, Pa., BLUM Capital Partners, L.P., PB      Capital Partners, L.P., The Common Fund for Non-Profit Organizations, and      The Union Labor Life Insurance Company, acting on behalf of its Separate      Account P, dated as of March 29, 2000 (incorporated by reference to      Exhibit 4.1 to Form 8-K filed on April 12,  2000). |

|             | 4.2                     | Shareholders      Agreement, dated April 2, 2008, by and among Tutor Perini Corporation,      Ronald N. Tutor and the shareholders of Tutor-Saliba Corporation signatory      thereto (incorporated by reference to Exhibit 4.1 to Form 8-K filed on      April 7, 2008).                                                                                                                                  |
|------------------|-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
| Exhibit      10. | Material      Contracts |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.1*                   | Amendment      No. 1 dated March 20, 2009 to the Amended and Restated Employment      Agreement dated December 23, 2008, by and between Perini Corporation and      Ronald N. Tutor (incorporated by reference to Exhibit 10.1 to Form 10-Q      filed on May 8, 2009).                                                                                                                                    |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.2*                   | Tutor      Perini Corporation Amended and Restated (2004) Construction Business Unit      Incentive Compensation Plan (incorporated by reference to Exhibit 10.2 to      Amendment No. 2 to Form S-1 (File No. 333-111338) filed on March 8,      2004).                                                                                                                                                   |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.3*                   | Special      Equity Incentive Plan (incorporated by reference to Exhibit A to Tutor      Perini Corporation’s Proxy Statement for the Annual Meeting of      Stockholders dated April 19, 2000).                                                                                                                                                                                                     |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.4*                   | Tutor      Perini Corporation 2004 Stock Option and Incentive Plan (incorporated by      reference to Annex A to the Company’s Definitive Proxy Statement on Form      DEF 14A filed on April 17, 2009).                                                                                                                                                                                             |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.5                    | Promissory      Note dated as of September 6, 2000 by and among Mt. Wayte Realty, LLC (a      wholly owned subsidiary of Tutor Perini Corporation) and The Manufacturers      Life Insurance Company (U.S.A.) (incorporated by reference to Exhibit      10.34 to Tutor Perini Corporation’s Quarterly Report on Form 10-Q for the      period ended September 30, 2000 filed on November 6,  2000). |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.6*                   | Form      of Director and Officer Indemnification Agreement (incorporated by      reference to Exhibit 10.19 to Amendment No. 1 to Form S-1 (File No.      333-111338) filed on February 10, 2004).                                                                                                                                                                                                        |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |
|             | 10.7*                   | Form      of Restricted Stock Unit Award Agreement under the Tutor Perini      Corporation 2004 Stock Option and Incentive Plan (incorporated by      reference to Exhibit 10.24 to Tutor Perini Corporation’s Annual Report on      Form 10-K for the year ended December 31, 2004 filed on March 4,      2005).                                                                                    |
|             |                    |                                                                                                                                                                                                                                                                                                                                                                                                       |

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|              | 10.8                                                                                                                                     | Letter      Agreement by and among Tutor Perini Corporation, BLUM Capital Partners,      L.P., PB Capital Partners, L.P., National Union Fire Insurance Company of      Pittsburgh, Pa., The Union Labor Life Insurance Company, O&G      Industries, Inc. and Tutor-Saliba Corporation, dated as of December 14,      2005 (incorporated by reference to Exhibit 10.28 to Post-Effective      Amendment No. 4 to Form S-1 (File No. 333-117344) filed on December 14,      2005). |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.9*                                                                                                                                    | Restricted      Stock Unit Award Agreement under the Tutor Perini Corporation 2004 Stock      Option and Incentive Plan dated as of September 26, 2007 between the      Company and Kenneth R. Burk (incorporated by reference to Exhibit 10.1 to      Form 10-Q filed on November 9, 2007).                                                                                                                                                                                           |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.10*                                                                                                                                   | Employment      Agreement, dated April 2, 2008, by and between Tutor Perini Corporation      and Ronald N. Tutor (incorporated by reference to Exhibit 10.1 to Form 8-K      filed on April 7, 2008).                                                                                                                                                                                                                                                                                  |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.11*                                                                                                                                   | Amended      and Restated Employment Agreement dated December 23, 2008, by and between      Tutor Perini Corporation and Ronald N. Tutor (incorporated by reference to      Exhibit 10.1 to Form 8-K filed on December 23, 2008).                                                                                                                                                                                                                                                      |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.12                                                                                                                                    | Third      Amended and Restated Credit Agreement dated as of September 8, 2008 among      Tutor Perini Corporation, the subsidiaries of Tutor Perini identified      therein, and Bank of America, N.A. and the other lenders that are parties      thereto (incorporated by reference to Exhibit 10.1 to Form 8-K filed on      September 12, 2008).                                                                                                                                  |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.13                                                                                                                                    | First      Amendment dated February 23, 2009 to the Third Amended and Restated Credit      Agreement among Tutor Perini Corporation, the subsidiaries of Tutor Perini      identified therein, and Bank of America, N.A. and the other lenders that      are parties thereto (incorporated by reference to Exhibit 10.13 to Form      10-K filed on February 27, 2009).                                                                                                                |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.14                                                                                                                                    | Second      Amendment dated January 13, 2010 to the Third Amended and Restated Credit      Agreement among Tutor Perini Corporation, the subsidiaries of Tutor Perini      identified therein, and Bank of America, N.A., and the other lenders that      are parties thereto (incorporated by reference to Exhibit 10.1 to Form 8-K      filed on January 21, 2010).                                                                                                                  |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.15                                                                                                                                    | 2004      Stock Option and Incentive Plan (incorporated by reference to Annex A to      the Company’s Definitive Proxy Statement on Form DEF 14A filed on April      17, 2009                                                                                                                                                                                                                                                                                                    |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              | 10.16                                                                                                                                    | 2009      General Incentive Compensation Plan (incorporated by reference to Annex B      to the Company’s Definitive Proxy Statement on Form DEF 14A filed on April      17, 2009                                                                                                                                                                                                                                                                                                |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Exhibit      21   | Subsidiaries      of Tutor Perini Corporation - filed herewith.                                                                          |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Exhibit      23   | Consent      of Independent Registered Public Accounting Firm - filed      herewith.                                                     |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Exhibit      24   | ower      of Attorney - filed herewith.                                                                                                  |
|              |                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Exhibit      31.1 | Certification      of Principal Executive Officer Pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 – filed herewith. |
|              |                                                                                                                                     |

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| Exhibit      31.2 | Certification      of Principal Financial Officer Pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 – filed herewith.                                                     |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                                                                                         |
| Exhibit      32.1 | Certification      of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, As      Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – filed      herewith. |
|              |                                                                                                                                                                                         |
| Exhibit      32.2 | Certification      of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, As      Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – filed      herewith. |