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MCR Q1 Texas Final

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Message Q1 2025MARKET CONDITIONSTexas

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Welcome to Turner's Q1 2025 Market Conditions ReportTURNER CONSTRUCTION COMPANYQ1 MESSAGE» A MESSAGE FROM PATRICK BYRNES IN DALLAS NATIONAL / Q1 2025» NATIONAL MARKET CONDITIONS» TURNER BUILDING COST INDEX» SUPPLY CHAIN REPORT» MEP EQUIPMENT COST INDEXCITY / Q1 2025» LOCAL MARKET CONDITIONS» QUARTERLY SUBCONTRACTOR SURVEYPATRICK BYRNESSr. Preconstruction Managerpbyrnes@tcco.com(210) 347-2168 What a Quarter!The ﬁrst quarter of 2025 has been eventful with the Trump administration taking oce, marked by over 120 executive actions. Key changes aecting the construction industry include stricter immigration policies, regulatory rollbacks, federal funding reviews, and updates to trade policies, particularly taris.While some policies may be favorable and others less so, one thing is clear: the industry is experiencing signiﬁcant changes, necessitating constant vigilance and staying updated with the news.In times of variability, consider these key strategies, whether for individual projects or companies:Contingencies: Openly discuss concerns among teams, including owners and designers, about potential impacts. Deﬁne contingencies transparently and avoid large single line items that may appear inﬂated compared to traditional contingencies in stable markets. This practice includes both schedule and cost contingencies.Thorough Veing: Variability can stress companies as they address labor, equipment, and material vendor concerns across multiple commitments. Ensure deeper understanding of project requirements and verify that vendors can meet the capacity, capability, and commitment of resources.Follow-through: Maintain communication with key stakeholders who have made commitments. Ensure those responsible for material or equipment deliveries conﬁrm that contracts are in place, orders have been placed, and any production and delivery challenges have been resolved.Deepen Ties with the Supply Chain: Regularly engage with all levels of the supply chain, including vendors, brokers, and fabricators. Discuss commodity pricing, inventory levels, transportation challenges, and more. Monitor trends and listen to forecasts.Weathering 'storms of uncertainty' requires meticulous planning based on accurate forecasting and eective communication. The variability experienced during 2020-2022 taught us not to rely on traditional practices but to actively engage the market, communicate clearly with stakeholders, and seek alignment as a team or company to navigate challenges.We hope you ﬁnd this Market Conditions Report informative and invite you to connect with any of our Preconstruction teams.

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QUARTER1st Quarter 2025 4th Quarter 2024 3rd Quarter 2024 2nd Quarter 2024INDEX14591442 1432 1421 %1.180.700.770.92YEAR202420232022 202120202019 2018 2017 2016 2015201420132012AVERAGE INDEX1426 137312951199 117711561096 1038 989 943 902864830%3.96.08.01.9 1.85.55.65.04.8 4.5 4.44.12.1The Turner Building Cost Index is determined by the following factors considered on a nationwide basis: labor rates and productivity, material prices and the competitive condition of the marketplace. “ The fundamentals of the construction market remain strong. Large projects in the Advanced Technology market continue to create upward pressure on speciﬁc material and equipment costs and on labor availability in some local markets. Our SourceBlue, preconstruction, and procurement teams are working with our project teams and clients to mitigate tariff impact through strategic sourcing solutions.”University of Oklahoma Medical CenterOklahoma City, Oklahoma©2025 Turner Construction Company t u r n e r c o n s t r u c t i o n . c o m / c o s t - i n d e x Attilio RivettiVice President145010501100115012001250130014002021 202213502023 202415002025Turner Building Cost Index2025 1st quarter Forecast* Bureau of Labor Statistics 1 Turner Construction Company 2 Dodge Report 3 Census BureauMATERIALCONSTRUCTION PRICECONSTRUCTION SPENDINGMATERIAL, LABOR, & CONSTRUCTION PRICINGAIA ARCHITECTURAL BILLINGS INDEXMaterial Producer Price Index *. The selling price in processed goods used or bought for construction.LABORIn Mar. 2025, ﬁnal demand pricing for all new non-residential construction increased +1.0% since Dec. 2024 and increased +2.1% since Mar. 2024.In Mar. 2025, total material inputs to construction increased +2.3% since Dec. 2024 and increased +2.6% since Mar. 2024.Through Mar. 2025, construction wages and salaries increased +0.6% for the quarter and +2.4% for the year*. (*Based on BLS data through Dec. 2024). Construction Employment Cost Index Qtr. Yr.Total Compensation 0.5% 2.4%Wages & Salary 0.6% 2.4%Construction Employment *. The employment rate in construction, not seasonally adjusted.Construction Employment Jobs %3-month change 24,000 0.29%Construction Employment Cost Index *. The cost to employers for wages and salaries, employer share of beneﬁts, and legally required payments such as unemployment and workers’ compensation.Through Mar 2025, construction employment increased by 24,000 jobs (+0.29%) since Dec 2024. Construction PPI Qtr. Yr.Non-Residential 1.0% 2.1%Ofﬁce Building 0.0% 2.2%School Building 0.8% 2.6%Healthcare Building 3.8% 4.2%Industrial Building 0.5% 0.7%Material PPI Qtr. Yr.Inputs to Construction 2.3% 2.6%Ready Mix Concrete 0.5% 0.5%Steel Mill Products 8.2% -5.6%Flat Glass 0.8% 1.4%Aluminum Mill Shapes 6.2% 16.8%Sheet Metal Products 2.7% 1.3%Gypsum Building Materials -0.2% 1.0%Diesel Fuel -2.4% -25.2%Const. Machinery & Equip. 0.3% 0.7%Construction Producer Price Index *. Change in Producer Price Index for Final Demand Construction for all non-residential construction and key sub-categories. Includes material costs, labor costs, and contractor overhead and proﬁts.Over the 12 month period from Mar 2024 to Mar 2025, the Total Inputs to Construction Material PPI increased +2.6%, the Employment Cost Index increased +2.4%, and the Final Demand Construction PPI increased +2.1%. AGC Table 3: inputs to construction industries, goods less foods1 Material PPI Qtr Yr AGC Table 52 Inputs to Construction 2.3% 2.6% WPUIP23000013www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs3 Ready Mix Concrete 0.5% 0.5% WPU1333 OR4 Steel Mill Products 8.2% -5.6% WPU1017 Go to BLS site below and enter WPU #'s to left, then select view and time frame to retrieve data. BLS is about 1 month ahead of AGC.5 Flat Glass 0.8% 1.4% WPU1311 https://data.bls.gov/cgi-bin/srgate6 Aluminum Mill Shapes 6.2% 16.8% WPU1025017 Sheet Metal Products 2.7% 1.3% WPU10738 Gypsum Building Materials -0.2% 1.0% WPU137101029 Diesel Fuel -2.4% -25.2% WPU05730310 Construction Machinery & Equip. 0.3% 0.7% WPU112BLSrow 2 summaryAGC Table 1www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs1 Construction PPI Qtr Yr OR2 Non-Residential 1.0% 2.1% WPU801 Go to BLS site below and enter WPU #'s to left, then select view and time frame to retrieve data. BLS is about 1 month ahead of AGC.3 Office Building 0.0% 2.2% WPU801103https://data.bls.gov/cgi-bin/srgate4 School Building 0.8% 2.6% WPU8011025 Healthcare Building 3.8% 4.2% WPU8011056 Industrial Building 0.5% 0.7% WPU801104BLSrow 2 summaryAGC Table 7 row 2 and 41 Construction Employment Cost Index QtrYrhttps://www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs2 Total Compensation 0.5% 2.4%CIU2012300000000A&QOR, BLS Preferred3 Wages & Salary 0.6% 2.4%CIU2022300000000A&Qwww.bls.gov/news.release/eci.toc.htm Tables 5 & 9. Only published Quarterly.BLSrow 3 summarySee next tab using BLS data found below:1Construction Employment Jobs % https://data.bls.gov/series-report Enter series ID at left and range from 2015 to present2 3-month change 24,000 0.29% CES2000000001BLSMaterial PPI (% Y-Y)Wages (% Y-Y)Non-Residential Bldg Construction PPI (% Y-Y)1 Aug 24 1.1 2.7 1.12 Se pt 24 0.8 2.7 1.23 Oct 24 1.4 3.0 1.24 Nov 24 1.5 3.0 1.45 Dec 2 4 1.4 2.4 1.56 Jan 25 1.3 2.4 1.87 Feb 25 1.3 2.4 1.88 Mar 25 2.6 2.4 2.1*BLS/AGC data from inputs in the above tables or next tab*See next tab for calculations. 1 Non-Residential - 3/25 Mo Yr Data from Value of Construction Put in Place - Seasonally Adj Annual Rate (Table 1)2 Tot al 0.3% 3.9%https://www.census.gov/econ/currentdata/?programCode=VIP&startYear=2021&endYear=2023&categories[]=ANRXX&dataType=T&geoLevel=US&adjusted=1&notAdjusted=0&errorData=0#table-results3 Office Building -0.3% 3.3%4 Commerc ial 1.1% -3.0%5 Healthcare 0.3% 2.1%6 Educational 0.3% 6.7%7 Manufacturing 0.1% 4.8%Total Office Comm H ealt h Education Manuf. Total Office Comm Health Education Manuf.1 July 24 7.0 4.2 -13.4 3.7 7.0 19.1 1,221,997 100,914 124,989 66,932 128,842 234,4662 Aug 24 5.8 1.7 -13.0 4.7 7.3 17.3 1,227,007 100,266 125,184 67,987 129,334 236,2623 Se pt 24 6.1 1.7 -13.0 3.9 6.9 21.2 1,238,485 100,602 125,608 68,454 133,151 236,8054 Oct 24 5.1 4.3 -9.9 3.8 5.0 16.9 1,242,391 103,455 124,379 68,523 135,250 236,7775 Nov 24 3.9 2.3 -7.3 2.4 6.0 11.5 1,247,949 103,308 125,270 70,163 136,434 236,3776 Dec 24 3.9 5.1 -5.1 -0.1 5.5 10.8 1,251,392 105,104 125,645 69,275 136,013 235,9717 Jan 25 3.7 4.2 -4.6 -0.4 7.3 5.3 1,251,221 105,144 124,650 69,563 135,223 234,9168 Feb 25 3.9 3.3 -3.0 2.1 6.7 4.8 1,255,176 104,864 125,988 69,772 135,689 235,1201Year to Year 3.62%12 Quarter Index Δ%2 Year Qtr I ndex3 Q1 2025 1459 1.18 3 2020 Q2 11774 Q4 2024 1442 0.704 Q3 11715 Q3 2024 1432 0.775 Q4 11716 Q2 2024 1421 0.92 6 2021 Q1 11727 Q2 11878 Q3 12079 Q4 12301YearAvg Index Δ% 10 2022Q1 12552 2024 1426 3.911 Q2 12833 2023 1373 6.0 12 Q3 13114 2022 1295 8.013 Q4 13325 2021 1199 1.914 2023 Q1 13496 2020 1177 1.8 15 Q2 13657 2019 1156 5.516 Q3 13818 2018 1096 5.617 Q4 13959 2017 1038 5.0 18 2024 Q1 140810 2016 989 4.919 Q2 142111 2015 943 4.620 Q3 143212 2014 902 4.421 Q4 144213 2013 864 4.122 2025 Q1 145914 2012 830 2.215 2011 812 1.616 2010 799 -4.017 2009 832 -8.418 2008 908 6.319 2007 854 7.720 2006 793 10.621 2005 717 9.5Quarterly IndexOver the 12 month period from Mar 2024 to Mar 2025, total non-residential construction spending increased +3.9%*. (*Based on Feb 2025 data)Turner Cost IndexThe Q1 2025 index value of 1459 is a +1.18% quarte rly increase from the Q4 2024 index value. The yearly increase from Q 1 2024 is 3.62%.Over the 12 month period from Mar 2024 to Mar 2025, the Total Inputs to Construction Material PPI incre ased +2.6%, the Employment Cost Index increased +2.4%, and the Final Demand Construction PPI increased +2.1%.NATIONALNon-Residential - Mar 2025Construction Spending Construction EmploymentConstruction Employment Cost IndexLaborConstruction PriceConstruction PPI - Mar 2025Material PPI - Mar 2025MaterialIn Mar 2025, total material inputs to construction incre ased +2.3% since Dec 2024 and increased +2.6% since Mar 2024.In Mar 2025, final demand pricing for all new non-residential construction incre ase d +1.0% since Dec 2024 and increased +2.1% since Mar 2024.Material, Labor & Construction PricingThrough Mar 2025, construction wages and salaries increase d +0.6% for the quarter and +2.4% for the year*. (*Based on BLS data through Dec 2024). Through Mar 2025, construction employment increased by 24,000 jobs (+0.29%) since Dec 2024. -3. 0-2. 0-1. 00.01.02.03.04.05.0Aug 24Sept 24Oct 24Nov 24Dec 24Jan 25Fe b 25Mar 25Material P PI (% Y-Y)Wages (% Y-Y)Non-Residential Bldg Construction PPI (% Y-Y)-15-11-7-315913172125July 24Aug 2 4Sept 24Oct 24Nov 24Dec 24Ja n 25Feb 25Total O ffi ce Comm Health Education M an uf.9.510.67.76.3-8.4-4.01.62.24.14.4 4.64.9 5.05.6 5.51.8 1.98.06.03.9-10 .0-5. 00.05.01 0. 01 5. 020052006200720082009201020112012201320142015201620172018201920202021202220232024% Change7008009001000110012001300140015002024202320222021202020192018201720162015201420132012201120102009200820072006200510001050110011501200125013001350140014501500Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q12020 2021 2022 2023 2024 2025Non-Residential - 3/25 Mo. Yr.Total 0.3% 3.9%Ofﬁce Building -0.3% 3.3%Commercial 1.1% -3.0%Healthcare 0.3% 2.1%Educational 0.3% 6.7%Manufacturing 0.1% 4.8%Over the 12 month period from Sept 2023 to Sept 2024, total non-residential construction spending increased +5.2%.Construction Spending - Value of Work in Place. 3 Percentage change in private, non-Residential work in place in the last 1-month and 12-month periods. AGC Table 3: inputs to construction industries, goods less foods1Material PPI Qtr YrAGC Table 52Inputs to Construction2.3% 2.6%WPUIP23000013www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs3Ready Mix Concrete0.5% 0.5%WPU1333 OR4Steel Mill Products8.2% -5.6%WPU1017 Go to BLS site below and enter WPU #'s to left, then select view and time frame to retrieve data. BLS is about 1 month ahead of AGC.5Flat Glass0.8% 1.4%WPU1311https://data.bls.gov/cgi-bin/srgate6Aluminum Mill Shapes6.2% 16.8%WPU1025017Sheet Metal Products2.7% 1.3%WPU10738Gypsum Building Materials-0.2% 1.0%WPU137101029Diesel Fuel-2.4% -25.2%WPU05730310Construction Machinery & Equip.0.3% 0.7%WPU112BLSrow 2 summaryAGC Table 1www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs1Construction PPI Qtr YrOR2Non-Residential1.0% 2.1%WPU801 Go to BLS site below and enter WPU #'s to left, then select view and time frame to retrieve data. BLS is about 1 month ahead of AGC.3Office Building0.0% 2.2%WPU801103https://data.bls.gov/cgi-bin/srgate4School Building0.8% 2.6%WPU8011025Healthcare Building3.8% 4.2%WPU8011056Industrial Building0.5% 0.7%WPU801104BLSrow 2 summaryAGC Table 7 row 2 and 41Construction Employment Cost IndexQtrYrhttps://www.agc.org/learn/construction-data/construction-data-producer-prices-and-employment-costs2Total Compensation0.5% 2.4%CIU2012300000000A&QOR, BLS Preferred3Wages & Salary0.6% 2.4%CIU2022300000000A&Qwww.bls.gov/news.release/eci.toc.htm Tables 5 & 9. Only published Quarterly.BLSrow 3 summarySee next tab using BLS data found below:1Construction EmploymentJobs %https://data.bls.gov/series-reportEnter series ID at left and range from 2015 to present23-month change24,0000.29%CES2000000001BLSMaterial PPI (% Y-Y) Wages (% Y-Y)Non-R esidential Bldg Constr uction PPI (% Y-Y)1 Aug 24 1.1 2.7 1.12 Sept 24 0.8 2.7 1.23 Oct 24 1.4 3.0 1.24 Nov 24 1.5 3.0 1.45 Dec 24 1.4 2.4 1.56 Jan 25 1.3 2.4 1.87 Fe b 25 1.3 2.4 1.88 Mar 25 2.6 2.4 2.1*BLS/AGC data from inputs in the above tables or next tab*See next tab for calculations. 1Non-Residential - 3/25 Mo YrData from Value of Construction Put in Place - Seasonally Adj Annual Rate (Table 1)2Tot al0.3% 3.9%https://www.census.gov/econ/currentdata/?programCode=VIP&startYear=2021&endYear=2023&categories[]=ANRXX&dataType=T&geoLevel=US&adjusted=1&notAdjusted=0&errorData=0#table-results3Office Building-0.3% 3.3%4Commercial1.1% -3.0%5Healthcare0.3% 2.1%6Educational0.3% 6.7%7Manufacturing0.1% 4.8%Total Office Comm H ealt h Education Manuf. Total Off ice Comm H ealt h Education Manuf.1 Jul y 247.0 4.2 -13.4 3.7 7.0 19.11,221,997 100,914 124,989 66,932 128,842 234,4662 Aug 245.8 1.7 -13.0 4.7 7.3 17.31,227,007 100,266 125,184 67,987 129,334 236,2623 Sept 246.1 1.7 -13.0 3.9 6.9 21.21,238,485 100,602 125,608 68,454 133,151 236,8054 Oct 245.1 4.3 -9.9 3.8 5.0 16.91,242,391 103,455 124,379 68,523 135,250 236,7775 Nov 243.9 2.3 -7.3 2.4 6.0 11.51,247,949 103,308 125,270 70,163 136,434 236,3776 Dec 243.9 5.1 -5.1 -0.1 5.5 10.81,251,392 105,104 125,645 69,275 136,013 235,9717 Jan 253.7 4.2 -4.6 -0.4 7.3 5.31,251,221 105,144 124,650 69,563 135,223 234,9168 Fe b 253.9 3.3 -3.0 2.1 6.7 4.81,255,176 104,864 125,988 69,772 135,689 235,1201Year to Year 3.62%12 Quarter Index Δ%2 Year Qtr Index3 Q1 2025 1459 1.1832020 Q2 11774 Q4 2024 1442 0.704Q3 11715 Q3 2024 1432 0.775Q4 11716 Q2 2024 1421 0.9262021 Q1 11727Q2 11878Q3 12079Q4 12301YearAvg Index Δ%102022Q1 12552 2024 1426 3.911Q2 12833 2023 1373 6.012Q3 13114 2022 1295 8.013Q4 13325 2021 1199 1.9142023 Q1 13496 2020 1177 1.815Q2 13657 2019 1156 5.516Q3 13818 2018 1096 5.617Q4 13959 2017 1038 5.0182024 Q1 140810 2016 989 4.919Q2 142111 2015 943 4.620Q3 143212 2014 902 4.421Q4 144213 2013 864 4.1222025 Q1 145914 2012 830 2.215 2011 812 1.616 2010 799 -4.017 2009 832 -8.418 2008 908 6.319 2007 854 7.720 2006 793 10.621 2005 717 9.5Quarterly IndexOver the 12 month period from Mar 2024 to Mar 2025, total non-residential construction spending increased +3.9%*. (*Based on Feb 2025 data)Turner Cost IndexThe Q 1 2025 inde x value of 1459 is a +1.18% quarte rly incre ase from the Q4 2024 index value. The yearly increase from Q1 20 2 4 is 3 .62%.Ove r the 12 month peri od from Mar 2 0 2 4 to Mar 2 0 25, the Total Inputs to Construc tion Mate rial PPI increased +2.6 %, the Employment Cost Inde x i ncre ased +2.4%, and the Final De mand Construction PPI increased +2.1%.NATIONALNon-Residential - Mar 2025Construction Spending Construction EmploymentConstruction Employment Cost IndexLaborConstruction PriceConstruction PPI - Mar 2025Material PPI - Mar 2025MaterialIn Mar 202 5 , total material inputs to construction increase d +2.3% since Dec 2 0 2 4 and inc reased +2.6% since Mar 2024.In Mar 202 5 , final demand pricing for all new non-reside ntial construction increase d +1.0% since Dec 2 024 and i ncre ased +2.1% since M ar 2024.Material, Labor & Construction PricingThrough Mar 2025, construction wages and salaries incre ased +0.6% for the quarter and +2.4% for the year*. (*Based on BLS data through Dec 2024). Through Mar 2025, construction employment increased by 24,000 jobs (+0.29%) since Dec 2024. -3. 0-2. 0-1. 00.01.02.03.04.05.0Aug 24Se pt 24Oct 24Nov 24Dec 24Jan 25Fe b 25Mar 25Material P PI (% Y-Y)Wages (% Y-Y)Non -Residential Bldg Construction PPI (% Y-Y)-15-11-7-315913172125July 24Aug 24Sept 24Oct 24Nov 24Dec 24Ja n 25Feb 25Total O f fi ce Comm Health Education Man uf .9.510.67.76.3-8.4-4.01.62.24.14.4 4.64.9 5.05.6 5.51.8 1.98.06.03.9-10.0-5. 00.05.01 0.01 5.020052006200720082009201020112012201320142015201620172018201920202021202220232024% Change7008009001000110012001300140015002024202320222021202020192018201720162015201420132012201120102009200820072006200510001050110011501200125013001350140014501500Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q12020 2021 2022 2023 2024 2025The Architecture Billings Index (ABI) is a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months. A score of 50 equals no change from the previous month. Above 50 shows increase; below 50 shows decrease. 3-month moving average.IN THIS REPORT: Among the information included in this publication and of special importance, is the Turner Building Cost Index. The Turner Cost Index, an industry recognized index now for over half a century, is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive condition of the marketplace. The index does not necessarily conform to other published indices because others do not generally take all of these factors into account. Our mission in publishing this report is to share thoughtful insight with professionals we engage with in our industry regarding trends and their potential impacts. TURNER CONSTRUCTION COMPANY

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SUPPLY CHAIN REPORTWe are pleased to release Turner’s Supply Chain Report (TSCR) for Q1 2025. The TSCR provides both recent trends and forecasts for future changes to the market for material pricing, supply chain issues, and impacts to lead times. This TSCR indicates continued stabilization related to availability of materials, but instability in pricing due to ongoing volatility in tari implementation. The majority of increases are not as a direct result of taris paid but instead a market reaction to the uncertainty of the quantity and degree of taris to be imposed. Material availability and lead times may become extended as strategies are adjusted to domestically available materials and/or materials sources from countries with lower taris.(Note: some variance by region based on market conditions.)Trending UpFrom Q4 2024Same AsQ4 2024Trending DownFrom Q4 2024STATUS KEYStructural Steel• Lead times continue to be stable, subject to project location and specs. • Lead times are projected to increase due to demand as orders are being placed at levels not seen since 2007.• Buying is accelerated due to tari concerns.• Steel pricing has increased across all categories.• Q2 could see more increases due to expedited buying and tari uncertainty.Drywall / Steel Studs & Related Products• Pricing for drywall and system components increased in Q1 for a variety of reasons including inﬂationary pressures, availability of raw materials and taris.• Additional increases have already been announced for Q2 due to the continued uncertainty around taris and potential anti-dumping cases.• Mineral Wool insulation lead times have begun to improve as new facilities have been brought online.Curtainwall / Glass • Raw material, component pricing, and availability are seeing impacts due to taris.• There is some indication of pricing increases towards the end of 2025. • Aluminum pricing has increased due to imposed tarisRoofing• Availability remains stable.• Material costs have increased in Q1 ranging from 3% to 12% depending on the product.• Accessories such as plates and fasteners have increased from 5% to 25% as a result of taris.Mechanical & Electrical• SourceBlue Cost Index is unchanged from Q4 2024 at 212.• Manufacturers are implementing dierent strategies to address taris including shiing assembly to the US, price increases or holding orders to determine if taris will remain. • Long lead times for certain equipment remain high due to demand.Doors / Frames / Hardware• Lead times remained stable including products that include electronic components. • Pricing increases eective April 1, 2025, of 3.5% have been announced.Cement • Q1 pricing increased by 4%.• Q2 forecast to increase 5-6%.• If taris are imposed on Mexico this could increase cost beyond the forecast.Oil• Q1 cost per barrel decreased to $62.50/bbl, a 16% reduction.• Q2 prices are forecast to return to late 2024 pricing, around $70-75/bbl.Transportation• International shipping rates decreased in Q1 but have seen a recent uptick which could be due to the impending taris.MARKET CONDITIONS REPORT | Q1 2025

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MEP EQUIPMENT COST INDEX SOURCEBLUE’S RISK MITIGATION STRATEGIES IN A VOLATILE MARKETNEW TECHNOLOGIESTARIFF IMPACTSESTIMATED EQUIPMENT LEAD TIMES Equipment Previous Current ↗ ↘ ↗ Cooling Towers 14 - 28 wks 14 - 30 wks ↗ Chillers 20 - 85 wks 20 - 85 wks ↔ AHU 20 - 50 wks 16 - 50 wks ↘ Generators 50 - 140 wks 40 - 130 wks ↘ Switchgear 45 - 90 wks 45 - 90 wks ↔ UPS 30 - 48 wks 30 - 42 wks ↘ Lighting Fixtures 10 - 16 wks 10 - 16 wks ↔ Lighting Controls 12 - 26 wks 12 - 26 wks ↔ YEAR AVG. INDEX % INCREASE 2025 212 3.9% 2024 209 2.4% 2023 204 10.4% 2022 185 15.1% 2021 161 10.3% 2020 145 2.8% 2019 142 3.0% 2018 138 3.8% 2017 133 3.0% 2016 129 1.5% 2015 127 1.0% 2014 126 2.0% 2013 124 2.5% 2012 121 3.5% 2011 117 2.5% 2010 114 -4.5% 2004 100 Base Year THE MEP COST INDEX IS HOLDING AT 212 FOR Q1 2025Year to date industry data for 2025 versus the same time in 2024 shows electrical equipment orders increased (+2.2%) and shipments also increased (+1.0%). For the same timeframe, mechanical equipment orders increased (+19.6%) and shipments increased (+22.5%). There have been and will continue to be price increases throughout the industry in part to deal with the current dynamic trade negotiations in the global trade market. Preemptive decisions from suppliers in areas like Europe have started to affect transit times and container prices. We expect this uncertainty to continue for the next couple of quarters.ORDER & BID PROTECTION: Protecting orders, bids, and projects with ﬁrm pricing contracts, strong contract management, proactive risk assessment, and early supplier engagement.SUPPLY CHAIN ADAPTATION: Anticipate market challenges like tariffs by engaging suppliers early to increase local sourcing and optimize global manufacturing. Our robust network of world-class OEMs and distributors provide us with direct and immediate insight into impacts.TARIFF ENGINEERING: Offering strategies and solutions to mitigate tariffs, such as product modiﬁcations, component breakdowns, and repackaging.The data center market continues to ramp up with demand and Cooling Distribution Units (CDUs) is the new way to cool high density, heat intensive AI applications. Many vendors not typically in the space have started offering a version of these units. Lead times will increase signiﬁcantly in the next couple of quarters. Most of the major players are sitting around 25 weeks currently.This index is created using the average content of mechanical and electrical equipment on a new construction project. Historic records and interpretations of the national index for local market conditions may be obtained by contacting: Purvesh Shah, VP of Global Sourcing, pshah@sourceblue.comSourceBlue’s strong relationships provide us insight and market information to forecast equipment costs. These forecastsare validated annually through our aggregated purchasing to determine this cost index. The ability to accurately forecast costincreases and connect them with supply and demand from vendor market is how we mitigate supply chain challenges. This report outlines Y/Y costs changes as well as supply and demand data directly from our vendor partners. SOURCEBLUE MEP EQUIPMENT COST INDEX | Q1 2025

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TURNER CONSTRUCTION COMPANYMARKET CONDITIONS REPORT | Q1 2025 Austin’s construction market remains active, driven by public sector work, data centers, and healthcare. Contractor capacity is tight, and multi-family development is slowing due to oversupply. Federal policies and taris are disrupting supply chains and pushing up material and labor costs. While public projects sustain short-term demand, private investment is cautious. Early supplier coordination and domestic sourcing are key to managing rising costs.AUSTINUnconventialATX Officially Breaks GroundTurner is proud to announce the launch of the UnconventionalATX renovation - a transformative redevelopment of the Austin Convention Center. On April 17, city leaders joined the project team to mark this major milestone. The ambitious project will re-imagine the center as a dynamic destination for public engagement, innovation, and large-scale events. With a focus on enhancing downtown Austin’s connectivity, the design includes new public spaces and community-inspired elements. In partnership with the City of Austin and JE Dunn Construction, Turner is honored to help deliver a space that reﬂects the city’s culture and supports its continued growth.DALLASThe North Texas construction market remains active and growing, but tari-related cost increases and labor shortages could slow momentum. Contractors are adapting pricing strategies, focusing on high-value projects, and navigating material price volatility. While backlogs remain strong, ﬁrms are watching election-year policies and economic shis for potential risks.Power BI DesktopYear, Quarter, prop_desc, cont…2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $363.88M (30.84%)$341.25M (28.92%)Fitout $144.72M (12.27%)$70.3M (5.96%)$68.76M (5.83%)$48.79M (4.14%)Other $41.42M (3.51%)Garage $31.15M (2.64%)Recreation, Community CenterEducationUtilitiesFood & BeverageTop 10 Market Segment Permitted by County$0.0bn$0.1bn$0.2bn$0.3bn$0.4bn$0.5bn$0.6bnCountyHays Travis Williamson$562.72M$512.64M$70.45M$349.81M$70.3M$101.44M$31.96M$47.63M$30.92M$327.6M$66.23MTop Market SegmentsCommercialEducationFitoutFood & BeverageGarageHotel/MotelOtherRecreation, Communit…ReligiousUtilitiesCommercial accounted for 30.84% of Construction Value. Hays in Top Market Segments Commercial made up 30.53% of Construction Value. Power BI DesktopYear, Quarter, prop_desc, cont…2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $363.88M (30.84%)$341.25M (28.92%)Fitout $144.72M (12.27%)$70.3M (5.96%)$68.76M (5.83%)$48.79M (4.14%)Other $41.42M (3.51%)Garage $31.15M (2.64%)Recreation, Community CenterEducationUtilitiesFood & BeverageTop 10 Market Segment Permitted by County$0.0bn$0.1bn$0.2bn$0.3bn$0.4bn$0.5bn$0.6bnCountyHays Travis Williamson$562.72M$512.64M$70.45M$349.81M$70.3M$101.44M$31.96M$47.63M$30.92M$327.6M$66.23MTop Market SegmentsCommercialEducationFitoutFood & BeverageGarageHotel/MotelOtherRecreation, Communit…ReligiousUtilitiesCommercial accounted for 30.84% of Construction Value. Hays in Top Market Segments Commercial made up 30.53% of Construction Value. Top Market Segments - Q1 2025Top 10 Market Segments Permitted by CountyPower BI DesktopYear, Quarter, prop_desc, cont…2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $363.88M (30.84%)$341.25M (28.92%)Fitout $144.72M (12.27%)$70.3M (5.96%)$68.76M (5.83%)$48.79M (4.14%)Other $41.42M (3.51%)Garage $31.15M (2.64%)Recreation, Community CenterEducationUtilitiesFood & BeverageTop 10 Market Segment Permitted by County$0.0bn$0.1bn$0.2bn$0.3bn$0.4bn$0.5bn$0.6bnCountyHays Travis Williamson$562.72M$512.64M$70.45M$349.81M$70.3M$101.44M$31.96M$47.63M$30.92M$327.6M$66.23MTop Market SegmentsCommercialEducationFitoutFood & BeverageGarageHotel/MotelOtherRecreation, Communit…ReligiousUtilitiesCommercial accounted for 30.84% of Construction Value. Hays in Top Market Segments Commercial made up 30.53% of Construction Value. Construction Activity - Austin Metro AreaPower BI Desktop05001000Austin Metro Areas$ MillionsTRAVIS, TX WILLIAMSO…TXHAYS, TX BASTROP, TX CALDWELL,TX1246716260906310245021573952Previous Quarter Current QuarterLocal Escalation TrendDFW Airport Terminal F & SkylinkInnovation Next+—a joint venture of Archer Western, Turner, Phillips May, H.J. Russell, and CARCON—is building DFW Airport’s 450,000-square-foot concourse. The concourse will feature a double-loaded design with aircra parking on both sides, and a new Skylink Station will enhance passenger connectivity between terminals. The project includes six major concourse modules, which will be transported via Self-Propelled Modular Transporters (SPMTs) in Q3 2025, along with other prefabricated construction elements. With Phase 1 substantial completion anticipated in Q2 2027, Terminal F represents not only critical infrastructure expansion but also a signiﬁcant economic investment in North Texas.Variance from Q4 2024Material↗Labor↔Market Conditions↔Overall↑Local Escalation SurveyPower BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $1.2bn (29.32%)Education $1.1bn (26.78%)$0.78bn (19.04%)Retail $0.37bn (8.89%)Other $0.2bn (4.75%)Multi-Family $0.18bn (4.28%)Financial $0.03bn (0.78%)Industrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyTarrant Collin Dallas Denton$2,024.37M$944.09M$675.55M$326.46M$430.37M$325.54M$366.39M$478.35M$213.64M$143.42M$302.38MTop Market SegmentsCommercialEducationFood & BeverageHotel/MotelIndustrial / WarehouseMedicalMulti-FamilyOtherRecreation, Communit…RetailCommercial accounted for 29.32% of Construction Value. Tarrant in Top Market Segments Education made up 27.39% of Construction Value. Power BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $1.2bn (29.32%)Education $1.1bn (26.78%)$0.78bn (19.04%)Retail $0.37bn (8.89%)Other $0.2bn (4.75%)Multi-Family $0.18bn (4.28%)Financial $0.03bn (0.78%)Industrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyTarrant Collin Dallas Denton$2,024.37M$944.09M$675.55M$326.46M$430.37M$325.54M$366.39M$478.35M$213.64M$143.42M$302.38MTop Market SegmentsCommercialEducationFood & BeverageHotel/MotelIndustrial / WarehouseMedicalMulti-FamilyOtherRecreation, Communit…RetailCommercial accounted for 29.32% of Construction Value. Tarrant in Top Market Segments Education made up 27.39% of Construction Value. Top Market Segments - Q1 2025Top 10 Market Segments Permitted by CountyPower BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterCommercial $1.2bn (29.32%)Education $1.1bn (26.78%)$0.78bn (19.04%)Retail $0.37bn (8.89%)Other $0.2bn (4.75%)Multi-Family $0.18bn (4.28%)Financial $0.03bn (0.78%)Industrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyTarrant Collin Dallas Denton$2,024.37M$944.09M$675.55M$326.46M$430.37M$325.54M$366.39M$478.35M$213.64M$143.42M$302.38MTop Market SegmentsCommercialEducationFood & BeverageHotel/MotelIndustrial / WarehouseMedicalMulti-FamilyOtherRecreation, Communit…RetailCommercial accounted for 29.32% of Construction Value. Tarrant in Top Market Segments Education made up 27.39% of Construction Value. Construction Activity - North Texas Metro AreaPower BI Desktopter0K1K2K$ MillionsPrevious QPower BI DesktopNorth Texas Metro AreasCOLLIN,TXDALLAS,TXTARRANT,TXDENTON,TXELLIS, TX GRAYSO…TXROCKW…TX236518621149521319245111701140838918084 84vious Quarter Current QuarterLocal Escalation TrendLaborMaterialMarketVariance from Q4 2024Material↗Labor↗Market Conditions↔Overall↑Local Escalation SurveyQuarter Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 AverageLabor 0.79% 0.60% 0.68% 0.60% 0.54% 0.27% 0.33% 0.37% 0.45% 0.51%Material 0.62% 0.65% 0.09% 0.22% 0.10% 0.48% 0.48% 0.52% 0.91% 0.45%Market 0.21% 0.17% 0.14% 0.17% 0.15% 0.18% 0.18% 0.20% 0.15% 0.17%Total 1.62% 1.42% 0.91% 0.99% 0.79% 0.93% 0.99% 1.09% 1.51% 1.14%Quarter Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 AverageLabor 0.52% 0.47% 0.27% 0.68% 0.47% 0.47% 0.78% 0.33% 0.82% 0.53%Material 0.51% 0.55% 0.40% 0.43% 0.44% 0.57% 0.42% 0.42% 0.44% 0.46%Market 0.18% 0.19% 0.14% 0.14% 0.29% 0.18% 0.07% 0.18% 0.08% 0.16%Total 1.21% 1.20% 0.81% 1.25% 1.20% 1.22% 1.27% 0.93% 1.34% 1.16%

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TURNER CONSTRUCTION COMPANYMARKET CONDITIONS REPORT | Q1 2025 HOUSTONTurner's 3rd Annual Charity Golf Classic Drives Change for our CommunityThe Turner Foundation proudly hosted its 3rd Annual Charity Golf Classic in San Antonio, uniting industry partners, clients, and community supporters for a day of golf, networking, and giving back. With a full course, the energy of dedicated volunteers, and award-winning barbecue from our Big Blue BBQ team, the event was a tremendous success—raising over $150,000 in support of four outstanding organizations: the H. E. Bu Foundation, Spurs Give, University Health Foundation, and YouthBuild. A heartfelt thank you to everyone who participated, sponsored, and helped bring this event to life. Your generosity creates real, lasting impact in the communities where we live and build. We can’t wait to see you back on the course next year!HBJ Landmark AwardsGreat Wolf Lodge Wins 1st Place!The Great Wolf Lodge project in Webster proudly took home ﬁrst place in the Hospitality Category at the HBJ Landmark Awards. This recognition reﬂects both the signiﬁcant economic and social impact the development brings to the Houston area and Turner’s leadership as builder. The 560,000 sq. . resort showcases sophisticated design and construction, oering a destination that blends entertainment and relaxation for guests of all ages. At the heart of the project are the main lodge, over 500 guest suites, and a 95,000 sq. . indoor water park. Turner completed the project with over one million manhours, zero lost time incidents, and delivered it three weeks ahead of schedule.SAN ANTONIOSan Antonio sees escalation of 0.81% in Q1 of 2025. While material prices continue to rise, the pace of new construction starts has slowed, helping to temper overall cost growth. Commercial work made up the vast majority of permied value this quarter. Regionally, total construction activity declined compared to the previous quarter, indicating a potential cooling in market demand. Material cost increases remain the primary escalation driver, with labor and market conditions holding steady.Local Escalation TrendLaborMaterialMarketConstruction Activity - Houston Metro AreaPower BI Desktop0500100015002000Houston Metro Areas$ MillionsHARRIS, TX CHAMBE…TXMONTGO…TXFORTBEND, TXWALLER,TXLIBERTY, TX2187369284232371320981072392154511Previous Quarter Current QuarterPower BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterFitout $522.55M (24.21%)Shell $509.02M (23.59%)Commercial $465.28M (21.56%)$158.58M (7.35%)$122.79M (5.69%)$100.59M (4.66%)$86.63M (4.01%)Food & Bever… $21.64M (1%)OtherSiteworkMedicalIndustrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyHarris Galveston Fort Bend$2,041.39M$45.67M$9.47M$463.75M$474.32M$158.58M$509.02M$121.29MTop Market SegmentsCommercialEducationFitoutFood & BeverageIndustrial / WarehouseMedicalOtherRecreation, Communit…ShellSiteworkFitout accounted for 24.21% of Construction Value. Harris in Top Market Segments Shell made up 24.28% of Construction Value. HOUSTONPower BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterFitout $522.55M (24.21%)Shell $509.02M (23.59%)Commercial $465.28M (21.56%)$158.58M (7.35%)$122.79M (5.69%)$100.59M (4.66%)$86.63M (4.01%)Food & Bever… $21.64M (1%)OtherSiteworkMedicalIndustrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyHarris Galveston Fort Bend$2,041.39M$45.67M$9.47M$463.75M$474.32M$158.58M$509.02M$121.29MTop Market SegmentsCommercialEducationFitoutFood & BeverageIndustrial / WarehouseMedicalOtherRecreation, Communit…ShellSiteworkFitout accounted for 24.21% of Construction Value. Harris in Top Market Segments Shell made up 24.28% of Construction Value. HOUSTONTop 10 Market Segments - Q1 2025 Top 10 Market Segments Permitted by CountyPower BI DesktopYear, Quarter2025 (Year) + Qtr 1 (Quarter)Market Segments Per QuarterFitout $522.55M (24.21%)Shell $509.02M (23.59%)Commercial $465.28M (21.56%)$158.58M (7.35%)$122.79M (5.69%)$100.59M (4.66%)$86.63M (4.01%)Food & Bever… $21.64M (1%)OtherSiteworkMedicalIndustrial / WarehouseTop 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bnCountyHarris Galveston Fort Bend$2,041.39M$45.67M$9.47M$463.75M$474.32M$158.58M$509.02M$121.29MTop Market SegmentsCommercialEducationFitoutFood & BeverageIndustrial / WarehouseMedicalOtherRecreation, Communit…ShellSiteworkFitout accounted for 24.21% of Construction Value. Harris in Top Market Segments Shell made up 24.28% of Construction Value. HOUSTONVariance from Q4 2024Material↗Labor↔Market Conditions↔Overall↑Local Escalation SurveyThe Houston market remains diversiﬁed and resilient. Fit-outs and ground-up shell space led the way, contributing to roughly $2 billion in Q1 permits. Regional volume eased marginally from Q4, but activity is still comfortably above pre-pandemic levels. Material prices ticked higher while labor held steady, pushing total escalation to 1.23 %; taris and supply-chain uncertainty keep upward pressure on steel and MEP equipment costs. Early procurement and tight supplier coordination remain critical. Local Escalation TrendVariance from Q4 2024Material↗Labor↔Market Conditions↔Overall↗Local Escalation SurveyPower BI DesktopYear, QuarterMarket Segments Per Quarter Top 10 Market Segment Permitted by CountyCounty$133.56M$1,676.96M$210.03M$197.9MTop Market SegmentsAutomobileCommercialFitoutFoundation OnlyMulti-FamilyOtherRecreation, Communit…ReligiousShellSiteworkCommercial accounted for 68.53% of Construction Value. Bexar in Top Market Segments Commercial made up 68.58% of Construction Value.Power BI DesktopYear, QuarterMarket Segments Per QuarterCommercial $1.68bn (68.53%)$0.21bn (8.57%)Sitework $0.2bn (8.07%)$0.13bn (5.45%)Foundation … $0.11bn (4.52%)OtherAutomobileTop 10 Market Segment Permitted by CountyCounty$133.56M$1,676.96M$210.03M$197.9MTop Market SegmentsCommercial accounted for 68.53% of Construction Value. Bexar in Top Market Segments Commercial made up 68.58% of Construction Value.Top 10 Market Segments - Q1 2025 Top 10 Market Segments Permitted by CountyPower BI DesktopYear, QuarterMarket Segments Per Quarter Top 10 Market Segment Permitted by County$0.0bn$0.5bn$1.0bn$1.5bn$2.0bn$2.5bnCountyBexar Comal$2,442.45M$2.89M$133.56M$1,676.96M$210.03M$197.9MTop Market SegmentsCommercial accounted for 68.53% of Construction Value. Bexar in Top Market Segments Commercial made up 68.58% of Construction Value.Construction Activity - San Antonio Metro AreaPower BI Desktop0200400600800San Antonio Metro Areas$ MillionsBEXAR, TX GUADALUPE, TX COMAL, TX WILSON, TX876103872065553619Previous Quarter Current QuarterQuarter Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 AverageLabor 0.63% 0.36% 0.16% 0.37% 0.33% 0.27% 0.31% 0.40% 0.60% 0.38%Material 0.40% 0.44% 0.28% 0.37% 0.49% 0.43% 0.42% 0.31% 0.29% 0.38%Market 0.29% 0.11% 0.29% 0.01% 0.20% 0.30% 0.20% 0.44% -0.08% 0.20%Total 1.32% 0.91% 0.73% 0.75% 1.02% 1.01% 0.93% 1.15% 0.81% 0.96%Quarter Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 AverageLabor 0.30% 0.48% 0.48% 0.41% 0.07% 0.58% 0.70% 0.70% 0.67% 0.49%Material 0.53% 0.47% 0.47% 0.52% 0.38% 0.50% 0.54% 0.64% 0.36% 0.49%Market 0.06% 0.16% 0.16% 0.13% 0.27% 0.09% 0.11% 0.22% 0.20% 0.16%Total 0.89% 1.11% 1.11% 1.06% 0.72% 1.17% 1.35% 1.56% 1.23% 1.13%LaborMaterialMarket

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QUARTERLYSUBCONTRACTORSURVEYThank You!THANK YOU TO THESE TRUSTED PARTNERS FOR CONTRIBUTING TO THIS SURVEYTURNER CONSTRUCTION COMPANYMARKET CONDITIONS REPORT | Q1 2025 WALL SYSTEMSTRINITYWages Labor Nd Material Market Price ImpactAustinDallasHoustonSan AntonioAustinDallasHoustonSan AntonioAustinDallasHoustonSan AntonioAustinDallasHoustonSan AntonioAustinDallasHoustonSan AntonioConcrete↗ ↗↗ ↗↗ ↗↗ ↗ ↔↔ ↗↗ ↗↗ ↔ ↗↗ ↗↗ ↗↗ ↗ ↔↔ ↑↑ ↔↔ ↗ ↗↗ ↑↑ ↗↗Steel↗ ↗↗ ↑↑ ↗↗ ↗ ↔↔ ↗↗ ↗↗ ↗ ↑↑ ↑↑ ↑↑ ↔ ↔↔ ↗↗ ↔↔ ↔ ↑↑ ↑↑ ↗↗Glass↗ ↗↗ ↗↗ ↗↗ ↗ ↔↔ ↔↔ ↗↗ ↗ ↑↑ ↑↑ ↔↔ ↗ ↗↗ ↑↑ ↔↔ ↗ ↑↑ ↑↑ ↔↔Drywall↗ ↑↑ ↑↑ ↗↗ ↔ ↔↔ ↔↔ ↗↗ ↗ ↑↑ ↑↑ ↑↑ ↑ ↔↔ ↔↔ ↘↘ ↗ ↑↑ ↑↑ ↗↗Elevator↗ ↑↑ ↔↔ ↗↗ ↗ ↘↘ ↗↗ ↗↗ ↗ ↑↑ ↔↔ ↗↗ ↔ ↔↔ ↔↔ ↔↔ ↔ ↑↑ ↔↔ ↗↗Mechanical↗ ↑↑ ↔↔ ↗↗ ↗ ↔↔ ↔↔ ↗↗ ↗ ↑↑ ↔↔ ↑↑ ↗ ↑↑ ↘↘ ↓↓ ↗ ↑↑ ↔↔ ↗↗Electrical↗ ↑↑ ↑↑ ↗↗ ↗ ↑↑ ↗↗ ↗↗ ↔ ↑↑ ↑↑ ↑↑ ↗ ↑↑ ↗↗ ↔↔ ↗ ↑↑ ↑↑ ↗↗AUSTINDALLASSAN ANTONIOHOUSTON

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AUSTIN | HOUSTONTONI CROMERSr. Preconstruction Managertcromer@tcco.com(281) 702-2033DALLASPATRICK BYNRESSr. Preconstruction Managerpbyrnes@tcco.com(210) 347-2168SAN ANTONIOJED HEUBERGERSr. Preconstruction Managerjheuberger@tcco.com210.243.5973L E T ' S CONNECTUPCOMINGBID OPPORTUNITIESDALLASHOUSTONSAN ANTONIOAUSTIN » Houston Methodist Hospital – Woodland’s Tower » AramcoFor additional upcoming bid opportunities in the Houston area, please email:Toni Cromertcromer@tcco.com » Austin Convention Center » Conﬁdential Lab RenovationFor additional upcoming bid opportunities in the Austin area, please email:Toni Cromertcromer@tcco.comStephen Ankenbauersankenbauer@tcco.com » Conﬁdential Multi Family Hi-Rise » Conﬁdential Data CenterFor additional upcoming bid opportunities in the Austin area, please email:Jed Heubergerjheuberger@tcco.comFor upcoming bid opportunities in the North Texas area, please email:Patrick Byrnespbyrnes@tcco.com

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TURNER CONSTRUCTION COMPANY