10-Q/A

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                                  FORM 10-Q/A


            (X)  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE 
                        SECURITIES EXCHANGE ACT OF 1934


  For the quarterly period ended September 30, 1994  


                                       OR


             ( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                         Commission File Number 1-6314


                               PERINI CORPORATION
             (Exact name of registrant as specified in its charter)

               MASSACHUSETTS                        04-1717070
      (State or other jurisdiction of            (I.R.S. Employer
      incorporation or organization)            Identification No.)


           73 MT. WAYTE AVENUE, FRAMINGHAM, MASSACHUSETTS  01701-9160
                    (Address of principal executive offices)
                                   (Zip code)


                                 (508)-628-2000
              (Registrant's telephone number, including area code)


                                      NONE
              (Former name, former address and former fiscal year,
                         if changed since last report)


  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange Act
  of 1934 during the preceding 12 months (or for such shorter period that
  the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.  


  Yes   X     No      

  Number of shares of common stock of registrant outstanding at November 9,
  1994: 4,408,162




  Part II. - Other Information


  Item 1. - Legal Proceedings - None


  Item 2. - Changes in Securities

  (a) None

  (b) None


  Item 3. - Defaults Upon Senior Securities - None


  Item 4. - Submission of Matters to a Vote of Security Holders - None


  Item 5. - Other Information - None


  Item 6. - Exhibits and Reports on Form 8-K

  (a) Exhibit 27.  Financial Data Schedule

  (b) None


                                          SIGNATURES






  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.








                                    PERINI CORPORATION
                                    Registrant


  Date:  January 4, 1995            /s/ John H. Schwarz
                                    -------------------------------
                                    John H. Schwarz, 
                                    Executive Vice President,
                                    Finance and Administration


  Date:  January 4, 1995            /s/ Barry R. Blake
                                    -------------------------------   
                                    Barry R. Blake, Vice President and
                                          Controller

EX-27

 

<ARTICLE> 5
<LEGEND>
Schedule 27 contains summary financial information extracted from the
Consolidated Balance Sheets as of September 30, 1994 and the Consolidated
Statements of Operations for the nine months ended September 30, 1994.

<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                          20,027
<SECURITIES>                                         0
<RECEIVABLES>                                  148,267
<ALLOWANCES>                                         0
<INVENTORY>                                      9,566
<CURRENT-ASSETS>                               275,345
<PP&E>                                          45,753
<DEPRECIATION>                                  30,252
<TOTAL-ASSETS>                                 494,730
<CURRENT-LIABILITIES>                          253,134
<BONDS>                                         78,681
<COMMON>                                         4,985
<PREFERRED-MANDATORY>                              100
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   494,730
<SALES>                                              0
<TOTAL-REVENUES>                               722,272
<CGS>                                                0
<TOTAL-COSTS>                                (688,166)
<OTHER-EXPENSES>                                 (656)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             (4,715)
<INCOME-PRETAX>                                (1,477)
<INCOME-TAX>                                       604
<INCOME-CONTINUING>                              (873)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (873)
<EPS-PRIMARY>                                    (.57)
<EPS-DILUTED>                                        0



<F1>Includes Equity in Construction Joint Ventures of $68,833, Unbilled Work 
of $12,001, and Other Short-Term Assets of $16,651, not currently reflected 
in this tag list.

<F2>Includes investments in and advances to Real Estate Joint Ventures of 
$141,450, Land Held for Sale or Development of $41,327, and Other Long-Term 
Assets of $21,107 not currently reflected in this tag list.

<F3>Includes Deferred Income Taxes and Other Liabilities of $29,974, Minority
Interest of $3,365, Paid-In Surplus of $59,533, Retained Earnings of $81,127,
ESOT Related Obligations of $(6,982), and Treasury Stock of $(9,187).

<F4>Includes General, Administrative and Selling Expenses of $(30,212), not
currently reflected on this tag list.