Jacobs Awarded Contract from Washington State DOT
October 16 2012 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE: JEC) announced today that
it received a contract from the Washington State Department of
Transportation (WSDOT) to provide on-call engineering and
operations services in support of the agency's capital rail
improvement program and other rail projects.
The contract duration is three years and has a maximum value of
$7 million, with an option to extend the duration and increase the
value of the contract.
Under the terms of the contract, Jacobs is selected to provide a
variety of services in the areas of rail engineering, planning,
operations support, equipment evaluation and procurement, program
and project management, construction management and inspection,
alternative project delivery, value engineering, cost estimating,
cost/benefit analysis, risk analysis/management, and other
professional services as required by the WSDOT’s Rail Office.
In making the announcement, Jacobs Group Vice President Kevin
McMahon stated, “We are delighted to receive this award, and look
forward to continuing our support of WSDOT in the long-term
delivery of its capital rail projects.”
Jacobs has been working with WSDOT since 1965, and regularly
works with other state departments of transportation and major
railroad and transit agencies worldwide, providing a wide range of
capabilities for the delivery of transportation 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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