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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)       |                                        |

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| 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 |

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| 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                  |

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|                | 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 |   |

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|                       |    | 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% |

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|                | 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% |   |

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|                       |   | 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% |   |

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|   | • | 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.   |
|---------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                 | 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 market conditions; |
|---------------------|-----------------------------------------------------|

| •   | 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.  |
|---------------------|----------------------------------------------------------------------------------------------------------------------|

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| •   | 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. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

| •   | make investments, loans or other guarantees; |
|---------------------|----------------------------------------------|

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

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

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

| •   | additional or conflicting government regulation; |
|---------------------|--------------------------------------------------|

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

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

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

| •   | decreased utilization during the integration process; |
|---------------------|-------------------------------------------------------|

| •   | loss of key existing or acquired personnel; |
|---------------------|---------------------------------------------|

| •   | 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. |
|---------------------|---------------------------------------------|

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|   | • | 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). |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                      |                |                                    |   | 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          |   |                                                                                                                                         |

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| 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 existing contracts. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

internal 
control 
over 
financial 
reporting was maintained in all material respects. Our audit included obtaining an understanding of 
internal 
control 
over 
financial 
reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of 
internal 
control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit 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 
financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of 
financial 
reporting and the preparation of 
financial statements for external purposes in accordance with generally accepted accounting principles. A company's 
internal 
control 
over 
financial 
reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of 
financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the 
financial statements.

internal 
control 
over 
financial 
reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the 
internal 
control 
over 
financial 
reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

internal 
control 
over 
financial 
reporting as of December 31, 2009, based on the criteria established in 
Internal 
Control — Integrated Framework  issued by the Committee of Sponsoring Organizations 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:  August 5, 2010 | By:  /s/Robert Band |
|                             | Robert Band                   |
|                             | President                     |

----

| 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 certain contracts. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                                               |   | 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 of 900,000 restricted stock units and 750,000 stock options.  Subject to the achievement of pre-tax income performance targets established by the Compensation Committee, the awards will vest in equal annual installments (or tranches).  The 750,000 restricted stock units and 750,000 stock options granted during the second quarter of 2009 will vest in five equal annual installments from 2010 through 2014.  The 150,000 restricted stock units granted during the third quarter of 2009 will vest in three equal annual installments from 2010 through 2012.  The Compensation Committee has established the pre-tax performance target for the second half of fiscal year 2009, but has not yet established pre-tax performance targets for the fiscal years 2010 through 2013.  Therefore, the grant dates for the last four tranches of the awards granted in the second quarter and the last two tranches of the awards granted in the third quarter, totaling an aggregate of 1,300,000 shares, have not been established for accounting purposes and, accordingly, the grant date fair values of these tranches cannot be determined currently.  The grant dates for these tranches will be established in the future when the Compensation Committee establishes the respective pre-tax performance targets for each tranche.  The grant date fair values of each tranche will be determined at that time and the related compensation expense for each tranche will be amortized over the separate requisite service period 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 interest rates                 |   |             |   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 by Quarter |   |
|                                                                                                                             |                  |   | 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 |   |
|                                     |                                             |                                          |   |   |   |   |   |   |   |
|                                     |                                             |                                          |   |   |   |   |   |   |   |
|                                     |                                             |                                          |   |   |   |   |   |   |   |
|                                     |                                             |                                          |   |   |   |   |   |   |   |

----

----

----

| 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). |
|       |                                                                        |   |

----

| 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).                                                                                   |
|        |               |                                                                                                                                                                                                                                                                                                                                                                             |

----

|         | 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).                                                                                                                                                                                                                                  |
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|         | 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).                                                                                                                        |
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|         | 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).                                                                                                      |
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|         | 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).                                                                                                        |
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|         | 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                                                                                                                                                                                                                                                                                |
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|         | 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                                                                                                                                                                                                                                                                            |
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| Exhibit 21   | Subsidiaries of Tutor Perini Corporation - filed herewith.                                                                     |
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| Exhibit 23   | Consent of Independent Registered Public Accounting Firm - filed herewith.                                                     |
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| Exhibit 24   | ower of Attorney - filed herewith.                                                                                             |
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| 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.                                                |
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| 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. |