Jacobs Awarded Contract from Texas Department of Transportation
November 11 2014 - 7:45AM
Business Wire
Supporting Projects Statewide
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a General Engineering Consultant (GEC) contract from the
Texas Department of Transportation (TxDOT) to provide services for
projects to be developed under Design-Build and public-private
partnership (PPP) agreements.
Company officials noted that it is an Indefinite
Delivery/Indefinite Quantity (IDIQ) contract with a maximum order
limit of $20 million over six years.
Under the terms of the contract, Jacobs is providing GEC
services to oversee the implementation of Design-Build and PPP
projects in Texas; including design, construction oversight, and
owner verification testing.
Projects covered under the contract are located statewide with
primary focus in the Austin/San Antonio and Rio Grande Valley
areas. Specific project corridors are being evaluated for inclusion
in the program. Anticipated project values range from $50 million
to greater than $500 million in construction costs.
In making the announcement, Jacobs Group Vice President Randy
Pierce stated, “We are pleased to continue supporting TxDOT as they
advance Design-Build and PPP projects in Texas. Using lessons
learned from our work on the Dallas-Fort Worth Connector, Chisholm
Trail Parkway, and North Tarrant Expressway projects, we look
forward to leveraging our skills and experience to enhance the
state’s connectivity and mobility.”
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones, 626.578.6968
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