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Sterling Construction Company, Inc. Is The Selected Contractor For A Sky Harbor International Airport CMAR Project


October 1, 2018

Sterling Construction Company, Inc. (NasdaqGS: STRL)
(“Sterling” or “the Company”) today announced that its subsidiary, J. Banicki Construction (“JBC”), was
the selected bidder on the Terminal 4, North Apron Reconstruction Project for the City of Phoenix at Sky
Harbor International Airport with a value of approximately $12 million. The project, which was awarded
using a Construction Manager At Risk (“CMAR”) method, will entail the removal and replacement of
approximately 34,000 square yards of 18-inch thick concrete apron in a highly active air operations
area. Construction is anticipated to start in October 2018 and take approximately one year to complete.
Joe Cutillo, Sterling’s Chief Executive Officer, commented, “This award is for the fourth phase of the Sky
Harbor Airport Terminal 4 reconstruction that we began in mid-2015. Our selection by the City of Phoenix
for continued work at Sky Harbor is indicative of our extensive capabilities and competence with aviation
infrastructure work, which is an important element of our strategy to increase Sterling’s overall mix of
business in attractive adjacent heavy civil construction markets.”
Sterling is a construction company that specializes in heavy civil construction and residential concrete
projects primarily in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and other states in which
there are feasible construction opportunities. Our heavy civil construction projects include highways, roads,
bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multifamily
homes, commercial concrete projects and parking structures. Our residential construction projects
include concrete foundations for single-family homes.
This press release includes certain statements that fall within the definition of “forward-looking statements”
under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and
uncertainties, including overall economic and market conditions, federal, state and local government
funding, competitors’ and customers’ actions, and weather conditions, which could cause actual results to
differ materially from those anticipated, including those risks identified in the Company’s filings with the
Securities and Exchange Commission. Accordingly, such statements should be considered in light of these
risks. Any prediction by the Company is only a statement of management’s belief at the time the prediction
is made. There can be no assurance that any prediction once made will continue thereafter to reflect
management’s belief, and the Company does not undertake to update publicly its predictions or to make
voluntary additional disclosures of nonpublic information, whether as a result of new information, future
events or otherwise.

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