Construction and trades · 14 min
Is the job on budget?
You won the bid. Now the job starts spending, and the only way to keep the profit you priced is to read the job's numbers while there's still time to act.
Ticket 01 · The guess
Work done, price not agreed
Words to know
Sources and every number (2)
Sources
- Tutor Perini Corporation, Form 10-K for fiscal 2025 (filed 2026-02-26): unapproved change orders and claims in contract assets, revenue changes from estimates on earlier work · Tutor Perini Corporation (SEC EDGAR), 2025
- Fluor Corporation, Form 10-K for fiscal 2025 (filed 2026-02-17): backlog by contract type and strategic priorities · Fluor Corporation (SEC EDGAR), 2025
Every number
- $402.1M
sec.gov ·2025 · Tutor Perini, fiscal 2025: unapproved change orders recognized in its contract assets (costs and estimated earnings in excess of billings) at the end of 2025. The filing reports it in thousands of dollars. - $324.7M
sec.gov ·2025 · Tutor Perini, fiscal 2025: claims recognized in its contract assets at the end of 2025. The filing reports it in thousands of dollars. - $82.8M
sec.gov ·2025 · Tutor Perini, fiscal 2025: how much revenue in 2025 was cut by changes on work done in earlier years, from legal judgments, settlements and other project charges. - $275.8M
sec.gov ·2025 · Tutor Perini, fiscal 2025: the same cut to revenue in 2024. - 81%
sec.gov ·2025 · Fluor, at the end of 2025: reimbursable contracts as a share of its backlog (work signed but not yet done). - 19%
sec.gov ·2025 · Fluor, at the end of 2025: lump-sum and guaranteed-maximum contracts as a share of its backlog.