Orion Group awarded contract valued at $40M

Orion Group announced a contract award for its concrete segment valued at over $40M. Under this contract, the company will construct a 40-story multi-family residential building in the Houston area, beginning in Q1 2023 with expected completion in Q3 2024. The team will perform construction of the mat foundation, an interior stair and elevator core, forming and placing concrete of the elevated structure, along with placement of rebar. The building includes a nine-story parking structure, 30 stories of living space, and an amenity level with an outdoor terrace. One of the company’s tower cranes will be supporting the construction of the project. This contract along with other contract awards in Q3 totaling $128M, comprised of $53M in concrete and $75M in Marine, will be completed throughout 2023 and 2024.