Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from the San Francisco Bay Area Rapid Transit (BART) to provide on-call construction management services supporting the agency’s Capital Improvement Program and delivery of design-bid-build, design-build and procurement projects.
The contract has a maximum value of $20 million.
Under the terms of the contract, Jacobs is furnishing professional construction management services for five years, including resident, field and office engineering services; inspection services; constructability analysis, hazard analysis and safety certification; surveying; material testing; noise and vibration monitoring and data analysis; independent quality assurance oversight; cost and schedule management; coordination with other agencies; and claims management.
In making the announcement, Jacobs Group Vice President Kevin McMahon stated, “We are pleased to help progress BART’s Capital Improvement Program and objectives to expand and modernize the system that, in turn, helps enhance the quality of life for residents across the region.”The San Francisco Bay Area Rapid Transit (BART) serves the San Francisco Bay Area, connecting San Francisco with cities in the East Bay and suburbs in San Mateo County. BART operates five lines on 104 miles of track with 44 stations in four counties. BART is considered the fifth-busiest rapid transit system in the United States with an average weekday ridership of more than 350,000 passengers. 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.