Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from the Washington State Department of Transportation (WSDOT) to provide on-call engineering and operations services in support of the agency's capital rail improvement program and other rail projects.
The contract duration is three years and has a maximum value of $7 million, with an option to extend the duration and increase the value of the contract.
Under the terms of the contract, Jacobs is selected to provide a variety of services in the areas of rail engineering, planning, operations support, equipment evaluation and procurement, program and project management, construction management and inspection, alternative project delivery, value engineering, cost estimating, cost/benefit analysis, risk analysis/management, and other professional services as required by the WSDOT’s Rail Office.
In making the announcement, Jacobs Group Vice President Kevin McMahon stated, “We are delighted to receive this award, and look forward to continuing our support of WSDOT in the long-term delivery of its capital rail projects.”Jacobs has been working with WSDOT since 1965, and regularly works with other state departments of transportation and major railroad and transit agencies worldwide, providing a wide range of capabilities for the delivery of transportation projects. 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 2011 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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