PASADENA, Calif., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Jacobs
Engineering Group Inc. (NYSE: JEC) announced today that it received
a contract to provide construction management services (CMS) for
the Architect of the Capitol (AOC), the federal agency responsible
for the maintenance, operation, development and preservation of the
United States Capitol complex in Washington, D.C.
The total contract value is estimated at $30 million. The contract period includes one
base year and four option years, with each work period valued at
$6 million.
Jacobs' scope of work for the project includes construction
management, inspection, scheduling, claims analysis/claims defense,
quality control, testing and inspection, preparation of change
order packages including estimates, and value engineering.
In making the announcement, Jacobs Group Vice President
Tom McDuffie stated, "This contract
allows us to build on our relationship with the Architect of the
Capitol in support of their overall mission of preserving the U.S.
Capitol campus."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Although such
statements are based on management's current estimates and
expectations, and currently available competitive, financial, and
economic data, forward-looking statements are inherently
uncertain. We, therefore, caution the reader that there are a
variety of factors that could cause business conditions and results
to differ materially from what is contained in our forward-looking
statements. For a description of some of the factors which
may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2010 Form 10-K, and
in particular the discussions contained under Items 1 - Business,
1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations. We also caution the readers of this release that
we do not undertake to update any forward-looking statements made
herein.
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For additional information
contact:
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Michelle
Jones
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626.578.6968
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SOURCE Jacobs Engineering Group Inc.