Jacobs Selected for Managing Contractor Model Pilot Project in Australia
February 23 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it
received a contract from the Land Systems Division within the
Australian Department of Defence’s Capability Acquisition and
Sustainment Group (CASG) to serve as managing contractor for
Project LAND 155, a project that aims to procure and sustain
military off-the-shelf combat bridges. The bridges provide land
forces with the ability to cross a range of wet and dry gaps during
combat operations.
The contract reflects a new procurement model being piloted for
the first time by the Australian government. As managing
contractor, Jacobs is responsible for project management,
budgeting, logistic support analysis and management, engineering
and contract management.
The contract is valued at approximately $10.7 million (AU$15
million) over three years.
In making the announcement, Jacobs Senior Vice President
Aerospace and Technology Darren Kraabel stated, “Jacobs is proud to
pilot this new procurement model for the Australian Department of
Defence, a model we strongly encouraged the agency to consider. We
have seen first-hand the benefits of this approach through our
extensive experience in implementing similar managing contractor
models for the U.S. Department of Defense to help procure and
sustain everything from aircraft and air operations centers to
individual soldier protective equipment.
“We recognize a key factor in the successful delivery of Project
LAND 155 is to continually seek ways to reduce costs throughout the
project delivery lifecycle. The documented savings we have helped
achieve in the U.S. using similar procurement models is indicative
of the kind of savings we expect the model to deliver for
CASG.”
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 2015 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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Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
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