<SEC-DOCUMENT>0001193125-20-208132.txt : 20200918
<SEC-HEADER>0001193125-20-208132.hdr.sgml : 20200918
<ACCEPTANCE-DATETIME>20200803164028
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-20-208132
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20200803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QUANTA SERVICES, INC.
		CENTRAL INDEX KEY:			0001050915
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL WORK [1731]
		IRS NUMBER:				742851603
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2800 POST OAK BLVD
		STREET 2:		SUITE 2600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-6175
		BUSINESS PHONE:		713-629-7600

	MAIL ADDRESS:	
		STREET 1:		2800 POST OAK BLVD SUITE 2600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-6175

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUANTA SERVICES INC
		DATE OF NAME CHANGE:	19971205
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<TYPE>CORRESP
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Quanta Services, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2800 Post Oak Blvd.,
Suite 2600</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77056-6175</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT COLOR="#ff4338"><B>PHONE</B></FONT> 713.629.7600</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT
 COLOR="#ff4338"><B>WEB</B></FONT> www.quantaservices.com</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><FONT COLOR="#ff4338"><B>NYSE</B></FONT> PWR</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>QUANTA SERVICES, INC. HAS REQUESTED CONFIDENTIAL TREATMENT OF THE REDACTED PORTIONS OF THIS LETTER, WHICH WERE REPLACED
WITH THE FOLLOWING PLACEHOLDER &#147;[***]&#148; IN THIS LETTER FILED VIA EDGAR, UNDER RULE 83 OF THE SECURITIES AND EXCHANGE COMMISSION&#146;S RULES OF PRACTICE, AND THE COMPANY DELIVERED A COMPLETE UNREDACTED COPY OF THE LETTER TO ITS EXAMINER AT
THE DIVISION OF CORPORATION FINANCE. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">August 3, 2020 </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>BY EDGAR </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street,
N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention: William Demarest,
Staff Accountant </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Jennifer Monick, Assistant Chief Accountant </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Real Estate&nbsp;&amp; Construction </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Quanta Services, Inc.</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the Year Ended December&nbsp;31, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;001-13831</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Set forth below please
find the response of Quanta Services, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), to comments received from the staff of the Division of Corporation Finance (the &#147;<U>Staff</U>&#148;) of the Securities and Exchange Commission
(the &#147;<U>Commission</U>&#148;) by letter dated June&nbsp;25, 2020 (the &#147;<U>Comment Letter</U>&#148;), with respect to the above referenced Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2019, filed
with the Commission on February&nbsp;28, 2020 (the &#147;<U>Form <FONT STYLE="white-space:nowrap">10-K</FONT></U>&#148;). For your convenience, our responses correspond to the captions and numbering included in the Comment Letter and are prefaced by
the text of the Staff&#146;s comments in bold text. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Company respectfully requests confidential treatment of the bracketed information
in this letter, and in the redacted portions of its response dated June 1, 2020 to the comment received from the Staff by letter dated May 5, 2020, in each case pursuant to Rule 83 promulgated by the Commission (17 C.F.R. &#167; 200.83) and has
separately submitted its request for confidential treatment in accordance therewith to the Commission&#146;s Freedom of Information Act office. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the Year Ended December&nbsp;31, 2019 </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Notes to Consolidated Financial Statements </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>14. Commitments and Contingencies </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Peru Project
Dispute, page 104 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>We note your discussion of the background. Please address the following regarding the two separate contracts
with PRONATEL.</B> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As disclosed in the Form <FONT STYLE="white-space:nowrap">10-K,</FONT> in 2015 Redes Andinas de Comunicaciones S.R.L.
(&#147;<U>Redes</U>&#148;), a majority-owned subsidiary of the Company, entered into two separate but substantially identical contracts (the &#147;<U>Contracts</U>&#148;) with an agency of the Peruvian Ministry of Transportation and Communications,
currently Programa Nacional de Telecomunicaciones, as successor to Fondo de Inversion en Telecomunicaciones (collectively, &#147;<U>PRONATEL</U>&#148;), pursuant to which Redes agreed to design, construct, operate, and maintain telecommunication
networks in certain adjacent rural regions of Peru (the &#147;<U>Projects</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Projects were large in scale and scope and
included two types of networks in each region: Access Networks and Transportation Networks, covering approximately 2,000 km in the Piura-Tumbes region and approximately 2,200 km in the Cajamarca region. The Contracts provided Redes would design and
build the Access Networks that would connect approximately 1,150 towns in the regions and provide internet access to approximately 2,300 government locations (such as schools, health institutions and police stations) in the regions. After the
construction period, Redes would operate and maintain the Access Networks for a period of ten years, with an additional right to market and sell data capacity and internet service to the public. The Contracts also provided that Redes would design
and build the Transportation Networks to connect the Access Networks to the fiber optic telecommunication backbone in Peru. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Contracts
also required Redes to obtain the following surety bonds in favor of PRONATEL: (i)&nbsp;advance payment bonds, in the aggregate amount of approximately $87&nbsp;million, to secure the correct use of advance payments made by PRONATEL (the
&#147;<U>Advance Payment Bonds</U>&#148;); and (ii)&nbsp;performance bonds, in the aggregate amount of approximately $25&nbsp;million, to secure the correct and timely performance of the Contracts ( the &#147;<U>Performance Bonds</U>&#148; and,
together with the Advance Payment Bonds, the &#147;<U>Bonds</U>&#148;). The Bonds were issued by an intermediary financial institution, Chubb Seguros Peru S.A. (&#147;<U>Chubb</U>&#148;), in favor of PRONATEL. In addition, in the event of a
termination of the Contracts, Redes was contractually required to transfer the networks, as completed at the time of termination, to PRONATEL, and the parties were required to perform a reconciliation of balances (i.e., a reconciliation of amounts
owed), which, pursuant to Peruvian law, would provide a right to restitution of the value of the performed obligations at the date of termination (the &#147;<U>Performed Value</U>&#148;). Redes began the required transfer process soon after
termination of the Contracts by PRONATEL and, due to the complexity of the Projects, continues to diligently work toward the completion of the transfer process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><B>Please summarize for us the material terms of the contracts with PRONATEL. Your response should address, but not be limited to, your rights and obligations, description of the termination provisions and the nature of
enforceable right to payment upon termination, what constitutes delay or default and the operation of the contract in a delay or default, and ownership and control of the network during the design and construction phase.</B> </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Please see <U>Exhibit A</U> and <U>Exhibit B</U> for a summary of certain terms of the Contracts. Each Contract has substantially the same
terms and conditions, except for the amounts of the contract consideration. As the term and construction schedule for each Contract largely coincided, the networks were constructed concurrently. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 2
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><B>Please summarize the nature of the challenges and delays for which relief was provided, summarize the challenges, delays and events that led to termination and tell us the status of the contracts at termination.</B>
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Projects experienced numerous challenges and delays during the construction period, and Redes obtained several
extensions for weather-related issues, permitting delays (including environmental permitting and other permits and easements) and the inability to acquire certain required parcels of land (due to factors such as local opposition to the Projects and
legal complications with acquiring clear title). Pursuant to the terms of the Contracts, delays not attributable to Redes would result in an extension of applicable deadlines. Throughout the construction period, Redes worked closely with PRONATEL,
which was aware of the challenges and granted numerous extensions pursuant to the terms of the Contracts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential
Treatment Requested by Quanta Services, Inc.; request Number 3 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><B>Please describe the contract provisions related to liquidated damages and tell us how the amount of liquidated damages will be determined. In addition, tell us if this is a matter specified by contract and whether it
is pending the results of arbitration.</B> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As set forth in further detail in <U>Exhibit A</U>, Section&nbsp;18 of the
Contracts provides for liquidated damages for various aspects of the Projects that vary based on whether the Projects are in the construction period or the operation period. Relevant to the current dispute are liquidated damages provisions related
to lack of performance of certain activities and <FONT STYLE="white-space:nowrap">non-compliance</FONT> with applicable deadlines during the construction period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The manner in which the amount of liquidated damages is calculated varies, as there are different types of penalties. Certain liquidated
damages arise upon the occurrence of a specific event and have a fixed amount per event. Others arise upon a delay in the schedule, and thus are calculated depending on the length of the delay (i.e., a fixed amount set per period, including on a per
day basis). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">According to the terms of the Contracts, PRONATEL may deduct the amount of liquidated damages that have been incurred from
future payments under the Contracts. If the pending payments are not sufficient to cover such liquidated damages, Redes must pay any additional amount to PRONATEL within 15 days after receipt of a written notice from PRONATEL. PRONATEL has a right
to call the Performance Bonds pursuant to the terms of the Contracts if Redes does not pay such additional liquidated damages within 15 days after receiving written notice of such amounts owed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 4 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><B>Please tell us how the amount of equitable <FONT STYLE="white-space:nowrap">true-up</FONT> will be determined. In addition, tell us if this is a matter that is pending the results of arbitration.</B>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>We note your discussion of the background. Please address the following regarding the advance payment bonds
and performance bonds: </B></P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please summarize the parties to and material terms of the advance payment bonds and performance bonds. Your
response should address, but not be limited to, the exercise provision of the bonds and your obligation to reimburse the surety. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Advance Payment Bonds were issued by Chubb in favor of PRONATEL at the request of Redes, in the aggregate amount of approximately
$87&nbsp;million. The stated purpose of the Advance Payment Bonds was to &#147;secure the correct and timely use of the first disbursement&#148; under the Contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Similarly, the Performance Bonds were issued by Chubb in favor of PRONATEL at the request of Redes, in the aggregate amount of approximately
$25&nbsp;million. The stated purpose of the Performance Bonds was to &#147;secure the correct and timely performance of each and every obligation&#148; under the Contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Bonds were separate instruments issued by Chubb in favor of PRONATEL. Consistent with customary business practices for long-term,
large-scale construction projects in <FONT STYLE="white-space:nowrap">non-U.S.</FONT> jurisdictions, the Bonds were unconditional, irrevocable and automatically enforceable, and PRONATEL needed only to send a written notice to Chubb in order to call
the Bonds. Upon receipt of such written notice, Chubb was required to make a payment to PRONATEL within 24 hours under the terms of the Bonds and without regard to the terms of the Contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">While the Contracts govern certain actions related to the Bonds, Chubb was not a party to or subject to the terms of the Contracts. In other
words, a dispute between Redes and PRONATEL with respect to the terms of the Contracts did not affect Chubb&#146;s obligation to make the required payment under the Bonds. However, the Company believes that PRONATEL improperly called the Bonds in
violation of the terms of the Contracts and has submitted claims to this effect in the arbitration proceedings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Company&#146;s
obligation to reimburse Chubb is included in the Company&#146;s global underwriting, continuing indemnity and security agreement. Pursuant to that agreement, certain sureties (including the parent company of Chubb) have agreed to procure and issue
bonds on behalf of the Company and its subsidiaries for the benefit of third-party customers, and the Company has agreed to reimburse those sureties for amounts disbursed upon exercise and payment of bonds issued. As such, upon Chubb&#146;s payment
of the Bond proceeds to PRONATEL, the Company was required to reimburse Chubb for the amounts paid. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>It appears that you determined exercise of the advance payment and performance bonds trigger a right under
the two separate contracts between Redes and PRONATEL. Please tell us the terms of the bonds or contracts that support that conclusion. </B></P></TD></TR></TABLE> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 5
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The purpose of the Advance Payment Bonds according to the terms of the Contracts is to
secure the correct use of the advance payments provided to Redes in connection with construction of the Projects. Thus, in order for PRONATEL to properly call the Advance Payment Bonds, it must be determined that Redes did not use the advance
payments in accordance with the Contracts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In the termination provisions of the Contracts, the reconciliation process grants Redes the
right to provide evidence of the expenditures of the funds. Section&nbsp;20 of the Contracts specifically states, as translated, that &#147;in all cases of termination of the Contracts a reconciliation of balances will be conducted up to the date of
termination.&#148; PRONATEL has not provided Redes with written notice of any alleged breach of its obligation to correctly use the advance payments, has not afforded Redes an opportunity to provide evidence of the correct use of the funds and did
not permit Redes to make payment for any amounts not used correctly. Again, pursuant to the terms of the Contracts, PRONATEL is only entitled to call the Advance Payment Bonds with respect to any alleged portion of the advance payments not correctly
used in accordance with the Contracts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The fact that the Bonds were payable on demand by Chubb does not affect PRONATEL&#146;s obligation
to Redes to only call such Bonds as permitted pursuant to the terms of the Contracts. Although Chubb was obligated under the terms of the Bonds to fund the Bond proceeds upon exercise, PRONATEL was in breach of the Contracts by so exercising the
Bonds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Performance Bonds were called by PRONATEL upon termination of the Contracts for alleged delay. Pursuant to the terms of the
Contracts, as summarized in <U>Exhibit A</U>, the Performance Bonds could be exercised by PRONATEL to assess impacts and related costs, including alleged liquidated damages, to PRONATEL in the event of
<FONT STYLE="white-space:nowrap">non-performance</FONT> by Redes. While PRONATEL has verbally alleged Redes has breached contractual obligations, it has not specified any liquidated damages in writing as required by the Contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 6 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>With respect to the contract asset that existed at termination: </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please tell us how you considered the impact from the termination of the contract on your determination that
the asset continues to be a contract asset after termination. For example, if future performance was a condition of the contract asset and such performance is precluded by contract termination, tell us what contract provision supports the existence
of an asset upon termination, in what amount, and to what extent did contract termination change the character of the asset. Within your response, reference the authoritative accounting literature that management relied upon.
</B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 7 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left">&#149;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please tell us why you believe the contract modification guidance in ASC 606 example 9 is applicable to a
contract termination.</B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 8
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please provide a more fulsome accounting analysis, with citation to authoritative literature and applicable
contract terms, to support your accounting for the $112&nbsp;million the Company paid to the surety. Please address in your analysis, but do not limit it to, the following: </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>The journal entries you used to record the settlement of the Company&#146;s contract liability to the surety
and, if not recognized in the statement of operations, the authoritative literature that supports this determination. </B></P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>The on demand nature of the bonds and whether your right to payment from PRONATEL, which you indicate is
triggered by your payment to the surety, is contingent or alternatively required by law or contract. </B></P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>That the bonds secured the performance of the Company of its obligations to provide goods and services under
its contracts with PRONATEL. </B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As described further above in the Company&#146;s response to the second question,
subsequent to PRONATEL&#146;s termination of the Contracts, PRONATEL exercised the Advance Payment Bonds, which secured Redes&#146; use of the advance payments for their intended purposes, and the Performance Bonds, which secured the Company&#146;s
performance under the Contracts, collecting approximately $112&nbsp;million in total. Pursuant to its arrangement with Chubb, as surety, the Company was obligated to reimburse Chubb for amounts disbursed in the event that PRONATEL exercised the
Bonds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 9 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left">&#149;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>The timing of contract termination (April 2019) relative to the timing of the Company&#146;s incurrence of a
liability to the surety (May 2019).</B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Termination of the Contracts did not immediately result in exercise of the
Performance Bonds and Advance Payment Bonds. The final notice of termination was dated April&nbsp;24, 2019, and the Company was informed by Chubb of PRONATEL&#146;s exercise of the Performance Bonds and Advance Payment Bonds on May&nbsp;2, 2019 and
May&nbsp;9, 2019, respectively. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>The authoritative guidance supporting your accounting and the consideration you gave to the applicability of
(1)&nbsp;ASC 606, including, but not limited to, its requirements for contract combination, variable consideration, and consideration payable to a customer, (2)&nbsp;ASC <FONT STYLE="white-space:nowrap">450-30,</FONT> and (3)&nbsp;ASC <FONT
STYLE="white-space:nowrap">450-20,</FONT> including the additional sources of guidance in ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">410-30-35-9</FONT></FONT></FONT> and SAB Topic 5Y
related to claims for loss recoveries that are subject to litigation. </B></P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="27">&nbsp;</TD>
<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>The possible alternative accounting treatments you considered and rejected and the reasons why.
</B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 10 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please clarify for us the components of the $120&nbsp;million net receivable that is reflected on your
balance sheet and the journal entries you booked to recognize it. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by
Quanta Services, Inc.; request Number 11 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="27" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please clarify for us the components of the $79.2&nbsp;million charge on your 2019 income statement. In
addition, with respect to the $48.8&nbsp;million reduction in revenue, tell us your basis in U.S. GAAP for the reversal of revenue. In this regard, tell us how this reversal of revenue as well as the other components of the charge are consistent
with your assertion that you have enforceable rights against PRONATEL. </B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested
by Quanta Services, Inc.; request Number 12 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * * * </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If you have any
questions with respect to the foregoing or if any additional supplemental information is required by the Staff, please contact Derrick A. Jensen, the Company&#146;s Chief Financial Officer, at (713) <FONT STYLE="white-space:nowrap">985-6422</FONT>
or Gene J. Oshman of Baker Botts L.L.P. at (713) <FONT STYLE="white-space:nowrap">229-1178.</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="5">Very truly yours,</TD></TR>
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<TD VALIGN="top" COLSPAN="5"><B>QUANTA SERVICES, INC.</B></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Derrick A. Jensen</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Derrick A. Jensen</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="5%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">cc:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Worthing F. Jackman, Quanta Services, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Donald C. Wayne, Quanta Services, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Carolyn M. Campbell,
Quanta Services, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jerry K. Lemon, Quanta Services, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gene J. Oshman, Baker Botts L.L.P.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Jeremy L. Moore, Baker Botts
L.L.P.</P></TD></TR>
</TABLE> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:95pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g944863dsp01a.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV STYLE="position:relative;float:left; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g944863g96h49.jpg" ALT="LOGO">
 </P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 8
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Exhibit A</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 13 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:96pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:80pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g944863dsp01a.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <DIV STYLE="position:relative;float:left; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g944863g96h49.jpg" ALT="LOGO">
 </P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 3, 2020 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 9
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Exhibit B</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>Rule 83 Confidential Treatment Requested by Quanta Services, Inc.; request Number 14 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>[***] </B></P> <P STYLE="font-size:96pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:80pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
