Jacobs Awarded Seawall Contract from Seattle DOT
September 17 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract from the Seattle Department of
Transportation (SDOT) for Construction Management Services on the
Elliott Bay Seawall Project (EBSP) in Seattle, Wash.
Officials estimate the construction value to be $300 million for
Phase 1 of the project.
Under the terms of the contract, Jacobs is managing the
construction of approximately 3,700 feet of new seawall
infrastructure in an urban waterfront area that supports public
recreation, tourism and commerce. Jacobs’ scope of work includes
oversight, inspection, monitoring, coordination and documentation
of the project.
The EBSP replaces the existing seawall with a structure that
meets current safety and design standards by replacing deteriorated
seawall structures that were constructed between 1916 and 1934.
Phase 1 of the project, expected to begin in September 2013,
replaces the most deteriorated sections of the central seawall. The
City of Seattle is planning a second phase of work for the northern
seawall as funding is available.
In making the announcement, Jacobs Group Vice President Kevin
McMahon stated, “We look forward to leveraging our significant
experience with large construction projects in urban environments
to deliver the Elliott Bay Seawall Project, which is vitally
important both in terms of public safety and as a foundation for
the redevelopment of Seattle’s vibrant waterfront district.”
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 2012 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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