Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

11.     Related Party Transactions

The Company leases certain facilities from an entity owned by Ronald N. Tutor, the Company’s Chairman and Chief Executive Officer, at market lease rates. Under these leases the Company paid $2.7 million,  $2.4 million and $2.5 million for the years ended December 31, 2015,  2014 and 2013, respectively, and recognized expense of $3.2 million for the year ended December 31, 2015 and $2.5 million for both the years ended December 31, 2014 and 2013.

Raymond R. Oneglia, Vice Chairman of O&G Industries, Inc. (“O&G”), is a director of the Company, and O&G owns 500,000 shares of the Company’s common stock. The Company and O&G formed a joint venture to provide contracting services for a highway construction project. O&G provides equipment and services to the joint venture on customary trade terms. The joint venture paid O&G $10.7 million, $7.0 million and $6.9 million for the years ended December 31, 2015,  2014 and 2013, respectively. The Company has a 30% percent interest in the joint venture, which it accounts for using the proportionate consolidation method.

Peter Arkley, Senior Managing Director, Construction Services Group, of Alliant Insurance Services, Inc. (“Alliant”), is a director of the Company. The Company uses Alliant for various insurance related services. The Company paid Alliant $9.8 million, $14.2 million and $9.5 million for the years ended December 31, 2015,  2014 and 2013, respectively. The Company owed Alliant $7.5 million and $4.0 million as of December 31, 2015 and 2014, respectively, for services rendered.