4TH QUARTER, Dan Mickelberry Chief Estimator

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4TH QUARTER, 2017 Welcome to our quarterly update of the projects the Denver Preconstruction Group is working on. Please remember that this is NOT a request for bids or budgets, but rather a way to communicate with and keep our valued subcontracting partners informed. At Mortenson Construction, we understand the value of diversity, and as an industry leader and integral part of the fabric of this community we commit ourselves to support the people and businesses in the communities in which we live and work. On all Mortenson projects, we involve small, minority and women-owned business enterprise (SMWBE) firms by developing project specific plans aimed to maximize participation. Below you will find brief descriptions of our current projects. Please direct project related questions to the Design Phase Manager, Lead Estimator, or Project Manager specified. Dan Mickelberry Chief Estimator We hope you find this update helpful, and appreciate your feedback! Feel free to send general questions or comments to me at dan.mickelberry@mortenson.com. Page 1 of 9

Projects we ve been AWARDED that are in preconstruction Buell Public Media Center New headquarters for Rocky Mountain PBS. An approximately 60,000 SF building w/ one level of parking to house studios and supporting space for Rocky Mountain Public Media and KUVO. Anticipated Construction Start: August 2018 15 Months Schematic Design Date of Next Anticipated Budget: February, 2017 Design Phase Manager E-mail: doug.mcnichol@mortenson.com kate.maples@mortenson.com Project Manager E-mail: dave.espinosa@mortenson.com, Andi.Lewis@mortenson.com Even Hotel Looking for Small Business Anticipated Construction Start: Date of Next Anticipated Budget: Design Phase Manager E-mail: The Even Hotel is a 150 room, eight-story hotel with one level of belowgrade parking near Coors Field in Denver, CO. TBD 15 months Design Development Mechanical and Electrical TBD doug.mcnichol@mortenson.com, Brian.Baldwin@mortenson.com dan.kiesel@mortenson.com Page 2 of 9

Charles Schwab Phase 3 Charles Schwab is constructing a 1,100 space, five story parking garage which will include a 57,360 SF two level retail / office building. Construction will begin Spring of 2018 with a 14 month schedule. Anticipated Construction Start: March, 2018 14 Months Construction Documents Ben.Potson@mortenson.com Design Phase Manager E-mail: Dave.Koechley@mortenson.com Project Manager E-Mail: Matt.Fountaine@mortenson.com Clear Creek Crossing Infrastructure development for 100 acre parcel located in Wheatridge. CDOT improvements including hook ramps and new bridges along I-70 and 32 nd. Looking for Small Business Anticipated Construction Start: Quarter 1, 2018 18 months Construction Documents None Project Manager E-mail: Parker.Moore@mortenson.com Dave.Callas@mortenson.com Page 3 of 9

Chatfield Storage Reallocation Project The project consists of a reallocation of storage space in Chatfield Reservoir by The Department of the Army authorizing the use of 20,600 acre feet of storage space by the project participants from municipal, agricultural and other beneficial uses. This contract is for the Recreational Facility Modifications (RM) which includes like -kind replacement of recreational facilities, structures, roads, trails and utilities impacted by the CSRP. The RM project consists of the following elements: Day Use Areas (DUA's), Chatfield Marina (land and water side), Swim Beach, Roads, Bridges, Trails, and Utilities. Infrastructure work in and around the Marina part of current scope. Anticipated Construction Start: December, 2017 30 Months Construction Documents Final Buy-Out Earthwork, Electrical, Structures Date of Next Anticipated December, 2018 Hydraulic Dredging Only Budget: Parker.Moore@mortenson.com Project Manager E-mail: Jabin.Bebo@mortenson.com 76 Commerce Phased Development of 40+ Acres Site in Brighton, CO with build-out of five warehouse/manufacturing buildings. Anticipated Construction Start: Summer, 2018 12 Months Construction Documents Mechanical, Electrical, Structure Kate.Maples@mortenson.com Project Manager E-Mail: Aaron.Calhoun@mortenson.com Page 4 of 9

Emily Griffith Opportunity School Renovation Looking for Small Business Anticipated Construction Start: Date of Next Anticipated Budget: Design Phase Manager E- mail: Project Manager E-mail: Historic Renovation of Emily Griffith Opportunity School to 254 Key Boutique Hotel July, 2018 14 Months Schematic Design None January, 2018 Ann.Churlik@mortenson.com Brian.Baldwin@mortenson.com Dave.Koechley@mortenson.com Bioscience 3 Parking Garage A two-level cast-in-place parking structure for the new Bioscience 3 building at the Fitzsimons campus Anticipated Construction Start: June, 2018 6 Months Design Documents Mechanical, Electrical Rick.Surbrugg@mortenson.com Project Manager E-Mail: Tom.Willson@mortenson.com Page 5 of 9

St. Dominic Priory Looking for Small Business Anticipated Construction Start: Date of Next Anticipated Budget: Project Manager E-Mail: Renovation/Addition of living quarters to existing seminary in Denver, CO. August, 2018 8 Months Design Development None January, 2018 Rick Surbrugg@mortenson.com TBD National Jewish Health/St. Joseph Hospital Center for Outpatient Health Looking for Small Business Anticipated Construction Start: Date of Next Anticipated Budget: Project Manager E-Mail: Design Phase Manager E-mail: A new 135,000 SF Outpatient clinic to be built on the existing NJH Campus Fall, 2018 22 Months Cost Model None February, 2018 Kate.Maples@mortenson.com Adam.Kaufman@mortenson.com Jeff.Lindsay@mortenson.com Page 6 of 9

DEN On-Call Misc. Projects at Denver International Airport for a period of 3 years. Anticipated Construction Start: TBD Misc. Awarded, Awaiting Projects Date of Next Anticipated Budget: 1 st Quarter, 2018 Dan.Mickelberry@mortenson.com Project Manager E-Mail: James.Scheiner@mortenson.com Projects we are PURSUING and need help with Riverdale Park 50 acres greenfield site, 4 ballfields, shelters, restrooms, concessions, pump station modification, all new sanitary/sewer/storm, roads and parking lots to accommodate the 50 acres. Anticipated Construction Start: Q2 2018 12 months Construction Documents michael.sandene@mortenson.com Project Manager E-mail: Brent.sampson@mortenson.com Page 7 of 9

National Western Horizontal IC The National Western Center (NWC) will be issuing their Horizontal Portfolio Integrated Construction (IC) contract before the end of 2017. NWC Opportunity Overview: An estimated 270 acres at full build out, the NWC is poised to provide unique opportunities that will activate the dynamic, year-round, agriculturally-focused campus, secure a strong future for the National Western Stock Show, promote Colorado agriculture, and set the stage for helping solve global food production and safety issues. Horizontal Scope: Major scope elements are anticipated to include: enabling works, riverfront open space, site wide infrastructure, DPS remediation, site investigation & survey, Race Court, National Western Drive, Bettie Cram Drive, DRIR rail consolidation. Anticipated Construction Start: Q2 2018 3-5 Years CMGC Qualifications Date of Next Anticipated Budget: Q1, 2018 Paker.moore@mortenson.com Project Manager E-mail: Kerry.OConnell@mortenson.com Frequently Asked Questions: Q. HOW DO I GET ON THE BID INVITATION LIST? A. Please visit www.mortenson.com/get-in-touch/marsha-nelson to complete the Get in Touch form to contact Marsha Nelson and be added to our trade partner database. Please include as much of the following information as possible - company name, contact name, phone number, fax number, email, scopes of work performed, geographic interest and whether you are an S/DBE firm. Q. DO I HAVE TO BE PREQUALIFIED TO BID ON MORTENSON PROJECTS? A. Most of our bid packages are available for all firms to bid without advance prequalification. However, for your bid to be considered, you must be enrolled in our Subcontractor Default Insurance Program. Contact Christine.Widmaier@texturacorp.com to begin this process. Page 8 of 9

Q. WILL I HAVE TO PROVIDE A PAYMENT AND PERFORMANCE BOND? A. We utilize Subcontractor Default Insurance in lieu of traditional subcontractor bonding. To qualify, you must be registered with Mortenson through Textura. Contact Christine.Widmaier@texturacorp.com to begin this process. Q. WHAT ARE MORTENSON S SAFETY REQUIREMENTS? A. Subcontractors are required to comply with our Zero Injury Program, including its procedures, practices and policies. Refer to our standard Subcontract Agreement, Exhibit E available on our Trade Partner page for more information. Q. DOES MORTENSON HAVE A DRUG & ALCOHOL TESTING REQUIREMENT? A.. Mortenson is a drug and alcohol free workplace. By assigning employees to work at the Project, Subcontractor represents that it has conducted substance abuse screening of such employees to screen for the presence of drugs or alcohol. Q. CAN I ORDER BID DOCUMENTS DIRECT? A. Mortenson uses Isqft to communicate bid documents to our trade partners. Prints can be ordered directly through Isqft or downloaded and ordered through your normal print supplier. Q. WHERE IS THE BEST PLACE TO LEARN ABOUT MORTENSON OPPORTUNITIES TO BID? A. Our website, www.mortenson.com/denver/trade-partners, is one place to find information on specific sub-bid opportunities with us. The Trade Partners section includes complete information on currently bidding projects, including: description of work, bid date, estimated value, pre-bid meeting information, and telephone, fax, or email contact information for questions. If you are registered in our trade partner database, you will also receive a quarterly email newsletter regarding upcoming bid opportunities. Current bidding projects will be uploaded to the Isqft quarterly What s Up link. Q. WHEN CAN I EXPECT TO GET BID RESULTS? A. Most projects will not have immediate bid results. We need time to properly evaluate each proposal to do a fair and complete analysis. Typically, two to four weeks following a bid we will have a good idea of who is the apparent low bidder for each trade and will do our best to contact all bidders with feedback. Page 9 of 9