SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): November 30, 1999


                               Perini Corporation
               ___________________________________________________
               (Exact name of registrant as specified in charter)



Massachusetts                 1-6314                         04-1717070

(State or other     (Commission File Number)   (IRS Employer Identification No.)
jurisdiction of
incorporation)

              73 Mt. Wayte Avenue, Framingham, Massachusetts 01701
               (Address of principal executive offices) (zip code)



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

  (Former name or former address, if changed since last report) Not applicable



ITEM 5.  OTHER EVENTS.

        On November 24, 1999,  Perini  Corporation  issued the  following  Press
Release:

              PERINI ANNOUNCES LETTER OF INTENT WITH INVESTOR GROUP


Framingham, MA -- Perini Corporation (AMEX:PCR) (the "Company") and Tutor-Saliba
Group, L.L.C., a company controlled by Ronald N. Tutor, Chairman of the Board of
Directors  of the Company,  acting on behalf of itself and certain  other buyers
(collectively,  the "Tutor  Group"),  today  announced  that,  through a Special
Committee of its Board of Directors, the Company and the Tutor Group had entered
into a letter of intent with respect to an investment  transaction  by the Tutor
Group. Pursuant to the letter of intent, the parties have agreed to negotiate in
good faith to enter into a  definitive  agreement  whereby the Tutor Group would
purchase a combination of common stock and preferred stock from the Company with
an aggregate  value of $40 million and a per share price for the common stock of
$4.25 per share.

The recapitalization is subject to, among other things, the renegotiation of the
Company's bank credit  agreements and the agreement by holders of no less than a
majority of the Series B Preferred  Stock  (which has a current,  accreted  face
amount  of  approximately  $40  million)  to  convert  into  common  stock at an
effective price of $5.67 per share.

The Company also  announced  that the Special  Committee  has retained  Houlihan
Lokey Howard & Zukin as its financial advisor,  and has authorized it to explore
the feasibility of strategic  alternatives  that may be available to the Company
to  protect  and  enhance  shareholder  value,   including  without  limitation,
consummation  of the  investment  contemplated  by the  letter  of  intent or an
alternative  transaction  with a third party.  Pursuant to the letter of intent,
under  certain  circumstances,  in the event the Company  enters into a business
combination  or certain  other  transactions  with an entity other than theTutor
Group, the Company will be required to pay the Tutor Group a fee of $750,000.

The company  cautioned that is has not decided to proceed with any  transaction,
that the  letter  of  intent  is not a  binding  agreement  with  respect  to an
investment  transaction  involving the Company, that the Company has not entered
into any other binding agreement with respect to an alternative  transaction and
no  assurance  can be  given  that  any  transaction  will  be  entered  into or
consummated  or  that  the  Tutor  Group  and  its  affiliates,  who  are  large
shareholders  of the  Company,  would  enter  into or  support  any  alternative
transaction.

                                       2


The  statements  contained in this Release  that are not purely  historical  are
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the  Securities  Exchange Act of 1934,  including
statements regarding the Company's expectations,  hopes, beliefs,  intentions or
strategies regarding the future.  Forward-looking statements involve a number of
risks,  uncertainties  or  other  factors  that  may  cause  actual  results  or
performance to be materially  different from those  expressed or implied by such
forward-looking  statement.  These risks and uncertainties  include, but are not
limited to, the continuing validity of the underlying  assumptions and estimates
of total forecasted  project revenues,  costs and profits and project schedules;
the  outcomes  of pending or future  litigation,  arbitration  or other  dispute
resolution  proceedings;   changes  in  federal  and  state  appropriations  for
infrastructure  projects;  possible  changes or  developments  in  worldwide  or
domestic, social, economic, business, industry, market and regulatory conditions
or  circumstances;  and  actions  taken or omitted to be taken by third  parties
including the Company's customers, suppliers, business partners, and competitors
and legistrative,  regulatory,  judicial and other governmental  authorities and
officials.


                                       3




                                   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 hereunto duly authorized.




                                                     Perini Corporation


                                                     __________________________
Dated:  November 30, 1999                   By:      /s/ Robert Band
                                                     Robert Band
                                                     President and Chief
                                                     Executive Officer