PASADENA, Calif., April 24, 2012 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE:JEC) announced today it was awarded an outsourcing
contract from the Civil Engineering and Development Department of
the Government of the Hong Kong Special Administrative Region to
provide management and operating services for the new Public Works
Regional Laboratory (Siu Ho Wan). The contract commences on
June 1.
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The contract value is estimated at $11
million (HK$85.2 million).
Jacobs' scope of work for the project includes operating the Siu
Ho Wan facility and managing its 51 laboratory-based staff for a
period of approximately four years. This facility will provide
construction materials compliance testing services to support the
Hong Kong-Zhuhai-Macao Bridge projects and other public works
projects.
The Civil Engineering and Development Department has been
managing and operating their Public Works Laboratories, comprising
a central laboratory and five regional laboratories, for many
years. An outsourcing contract for the operation and management of
one of the regional laboratories in Tai Po was awarded to Jacobs in
May 2011. The Siu Ho Wan regional
laboratory is a new laboratory.
Jacobs Group Vice President Tom
Quinn stated, "The transition of the Tai Po laboratory from
the Civil Engineering and Development Department to Jacobs has
proven that such outsourcing can add value to our client's
organization. We are pleased to further extend our services in this
regard to the new Siu Ho Wan regional laboratory for the benefit of
the prestigious Hong Kong-Zhuhai-Macao Bridge projects."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management's current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from 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 2011 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 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.