Jacobs Receives Two Contracts from Chicago Public Schools
November 06 2012 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been selected by Chicago Public Schools (CPS) in Chicago, Ill.
to provide Project Director services for the district’s $500
million capital improvement program.
Officials did not disclose the contract value, but noted that
the duration of the contract is through December 2013 with three
one-year renewal options.
Under the terms of the contract, Jacobs is providing management
assistance to the district, including the development and
establishment of processes and tools that facilitate communication
between the Chicago Board of Education’s Department of Operations,
other district departments, and the capital improvement program
management team.
Jacobs also received a separate two-year contract from CPS to
conduct physical building condition assessments for 281 of the
district’s nearly 700 schools, which support an enrollment of
approximately 402,000 students district-wide.
In making the announcement, Jacobs Group Vice President Tom
McDuffie stated, “These two contracts with CPS link the assessment
and capital plan with the project execution team we currently have
in place. We have a long-standing presence in the city of Chicago
and are committed to helping CPS deliver safe, 21st century
learning environments designed for academic growth and
excellence.”
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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