Willdan Awarded Contract To Administer City Of Elk Grove Public Works Services
Willdan Group, Inc. (“Willdan”) (NASDAQ:WLDN) today announced that its wholly-owned subsidiary, Willdan Engineering, was awarded a significant new contract with the City of Elk Grove, a community of more than 140,000 residents located near Sacramento, California, to provide the City’s Public Works services. The contract will commence January 1, 2011. The contract has a three-year base with three optional one-year extensions.
Richard W. Shepard, Elk Grove’s Public Works Director, remarked that the new outsourcing contract with Willdan is expected to bring significant cost savings to the City which will allow for improved services. The City, which outsources a number of municipal services, selected Willdan for its depth of experience and cost efficiency. Where previously the City hired multiple firms to provide services, the City Council opted to consolidate all Public Works services under a single contract with Willdan.
The services that Willdan will provide encompass three major areas—city engineering services, capital improvements, and operations and maintenance—including repair and improvements to city streets and lighting and drainage systems. Willdan will retain up to 40 employees from a previous service provider that worked for the City, as well as manage a group of subcontractors and subconsultants.
Daniel Chow, Willdan Engineering’s Chief Executive Officer, remarked, “Willdan is pleased to have the opportunity to serve the City of Elk Grove and its residents by providing exemplary services to the Public Works Department.”“The outsourcing model that the City of Elk Grove has chosen, with senior city management staff oversight, can serve as a model that other municipalities may choose to adopt in order to optimize efficiency, enhance customer service, and minimize costs to their residents,” Mr. Chow added. About Willdan Group, Inc. Founded over 40 years ago, Willdan is a provider of outsourced services to public and private agencies and utilities located primarily in California and New York. Willdan assists cities, public utilities and other government agencies and, to a lesser extent, private industry with a broad range of services, including civil engineering, building and safety services, geotechnical engineering, energy efficiency, water conservation, renewable resource strategy, financial and economic consulting, and disaster preparedness and homeland security. For additional information, visit Willdan’s website at www.willdan.com. Forward-Looking Statements Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Willdan’s intentions, hopes, beliefs, expectations, representations, projections, estimates, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to expand its services or meet the needs of customers in markets in which it operates. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, a slowdown in the local and regional economies of the states where Willdan conducts business and the loss of or inability to hire additional qualified professionals. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s SEC reports including, but not limited to, the Form 10-K annual report for the year ended January 1, 2010 filed on March 30, 2010. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.