PERINI CORP
8-K, 1999-07-28
GENERAL BLDG CONTRACTORS - NONRESIDENTIAL BLDGS
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                       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): July 28, 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

<PAGE>

ITEM 5.  OTHER EVENTS.

        On July 28, 1999, Perini Corporation issued the following Press Release:



                Perini Reports Receipt of Waiver from Bank Group


        Framingham,  MA  --  Perini  Corporation  (AMEX:PCR)  reports  that  the
Company's  bank  group has issued a waiver  through  September  30,  1999 of the
default under the Company's Revolving Credit Agreement arising from the maturity
of  certain  loans  owed by Rincon  Center  Associates  ("RCA"),  the owner of a
mixed-use  property in San  Francisco.  The  Company's  real estate  subsidiary,
Perini Land and Development, is the Managing General Partner of RCA.

<PAGE>


                                   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:  July 28, 1999                       By:      /s/ Robert Band
                                                     Robert Band
                                                     President and Chief
                                                     Executive Officer



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