Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of John Rogers with Davidson.
John Rogers - D.A. Davidson
First thing is can you just tell us if there were any major projects that came out of backlog? Were there a lot of smaller projects, because it looks like you pulled two things out of the building side that were not there previously?
Kenneth Burk
No, we have not taken anything out of the backlog, John. Basically what we saw was just the burn off of contracts volume in the fourth quarter.
John Rogers - D.A. Davidson
Okay, so it is just all burn off?
Kenneth Burk
Yes.
John Rogers - D.A. Davidson
Okay. And then the second thing is you guys, I know Bob, in your comments you mentioned some of the market opportunities. You gave us some size on that. Can you tell us roughly what those markets look like a year ago? I mean the $10 billion in opportunities in the civil side for instance that you identified. I mean is that flat with the year ago, up, down, kind of what..?
Ronald Tutor
This is Ronal Tutor, if I can lie that up. A year ago, we were finding ourselves looking for civil work to bid both at Tutor-Saliba and Perini. This year in 2009, we are inundated with major projects all over the country. We have probably the most extensive jobs out to bid that we are tracking and presently bidding that I have ever seen in my career and that does not include the works supported by the stimulus package.
So we believe the civil market in the US in the large complicated bridge, roadwork, and highway work will be such if to be a dramatic increase over 2008 or even 2007.
John Rogers - D.A. Davidson
When do you expect these, the actual awards start to come?
Ronald Tutor
Maybe for one award right now on a project, we are a little better. We are bidding another major project this week; another one, next week. We are literarily working six and seven days a week in our civil group bidding two and three major projects a month and the competition is never more than two or three bidders. So we expect this to be at significant civil year a major breakout.
John Rogers - D.A. Davidson
Okay and just final question, City Center, can you give us an update there just kind of where that project is schedule wise and everything?
- To read the full transcript on Seeking Alpha, click here »
