Jacobs Wins Construction Management Contract for Tennessee Valley Authority
May 04 2016 - 6:16PM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it
received a contract to provide managed task construction management
(CM) services to the Tennessee Valley Authority (TVA) Civil
Projects and Coal Combustion Product Management group. Officials
did not disclose the contract value.
The contract has a base period of three years followed by two
one-year options. Under the terms of the contract, Jacobs will
support TVA’s fossil plants and hydro dams located within its
service area, including Tennessee, Alabama and Kentucky. Services
include project and construction support, contractor oversight,
safety monitoring and control, quality assurance/control and field
engineering support.
In making the announcement, Jacobs Senior Vice President
Aerospace and Technology Ward Johnson stated, “We are delighted to
be awarded the CM services contract and strengthen our existing
relationship with TVA. We look forward to working together to
achieve zero safety incidents and reduce TVA’s total ownership
costs.”
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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version on businesswire.com: http://www.businesswire.com/news/home/20160504006897/en/
Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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