GILBANE-GRUNLEY JOINT VENTURE AWARDED CONTRACT FOR MODERNIZATION OF HERBERT C. HOOVER BUILDING

(December 24, 2007) - The U.S. General Services Administration (GSA) has awarded the joint venture of Gilbane Building Company and Grunley Construction Company a $40 million Construction Manager as Constructor (CMc) contract for Preconstruction and Construction Services for Phase 1 and Preconstruction Services for Phases 2-8 to modernize the Herbert C. Hoover Building in downtown Washington, DC. The building serves as the headquarters for the U.S. Department of Commerce and houses 3,000 staff. The entire Hoover modernization consists of eight phases spanning 13 years and totaling over $400 million. Both the Preconstruction Services and the Phase 1 Construction are scheduled for completion in April of 2009.

Phase 1 includes the demolition and rebuild of a 100,000 sf swing space in Courtyard #6 which will enable the phased renovation to take place while the building remains occupied and operational.  Phase 1 also includes replacement of the cooling towers, and replacement of the building’s primary electrical systems. An option to perform the exterior cleaning and re-pointing of the Pennsylvania Avenue façade has been awarded by GSA but not exercised for construction at this time.

Gilbane is a full-service construction and real estate development company comprised of Gilbane Building Company (www.gilbaneco.com) and Gilbane Properties, Inc. One of the largest construction and program managers in the nation, the company provides a full slate of facilities-related services for clients in the government, educational, healthcare, life sciences, mission-critical, corporate, sports and recreation, criminal justice and aviation markets.

Grunley Construction is one of the region’s largest construction services companies with a staff of approximately 270 experienced professionals and skilled craftsmen. The firm provides a full spectrum of professional construction services and is well known for its expertise in renovations, restorations, modernizations and additions.