Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of John Rogers with Davidson. Please proceed.
John Rogers – D.A. Davidson
Hi, good afternoon.
Ronald Tutor
Hi, John.
Kenneth Burk
Hi, John.
John Rogers – D.A. Davidson
In terms of your outlook for 2009, Ron, you mentioned that you've got the backlog to perform or meet your expectations. But I just want to be clear; the $6 billion to $6.5 billion in expected revenue is that all in backlog right now? Or –how much more would – do you need to book?
Kenneth Burk
Hi, John, it's Ken Burk. John, we – as you know, we don't normally split out that kind of detail. But it's safe to say that we do have a significant portion of our projected revenues in backlog, which should – as Ron mentioned during the call earlier, that we see (inaudible) through the first quarter of (inaudible). But there certainly is need for new business as you would expect to (inaudible) our pipeline and backlog.
Ronald Tutor
We lost some of the backlog we were basing projections on. However, we have the balance of '08 and significant projects we are bidding in the final quarter of '08 into the first quarter of '09 that we expect to fill. But – it's safe to say the majority of it is under contract and ongoing and that which has been deferred we expect to replace, primarily in the public works sector.
John Rogers – D.A. Davidson
Okay. I guess that's specifically what I was wondering about. Some of the larger projects in the public works sector, when do you expect to hear on those and can you give us – ?
Ronald Tutor
Well, we are so close, we think we are going to be awarded a very sizable project on the East Coast next week. We are in final discussions with the agency. We're bidding a $350 million bridge in New York in December. We're bidding a $200 million apron paving or runway paving job at LAX as a follow on to the last one we just completed. Our pipeline in our public works sector is full and overflowing in very large civil works all of which we contemplate bidding over the next three months, four months and hopefully, with three or four successful contracts in that sector will replace the private work that's been deferred.
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