Unbilled Costs Remain In Tutor Perini's Finances

摘要

Tutor Perini is struggling to shake off long-running concerns over the hundreds of millions in unbilled costs that have been on the contractor's balance sheet for years. The Sylmar, Calif.-based construction giant reported more than $1 billion in unbilled costs or receivables at the end of the second quarter, up by more than $100 million from the start of the year, according to the company's federal filings. That was $100 million higher than at the end of 2016, when the amount was $832 million.