Jacobs Awarded Contract from Texas Department of Transportation
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a General Engineering Consultant (GEC) contract from the Texas Department of Transportation (TxDOT) to provide services for projects to be developed under Design-Build and public-private partnership (PPP) agreements.
Company officials noted that it is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a maximum order limit of $20 million over six years.
Under the terms of the contract, Jacobs is providing GEC services to oversee the implementation of Design-Build and PPP projects in Texas; including design, construction oversight, and owner verification testing.
Projects covered under the contract are located statewide with primary focus in the Austin/San Antonio and Rio Grande Valley areas. Specific project corridors are being evaluated for inclusion in the program. Anticipated project values range from $50 million to greater than $500 million in construction costs.
In making the announcement, Jacobs Group Vice President Randy Pierce stated, “We are pleased to continue supporting TxDOT as they advance Design-Build and PPP projects in Texas. Using lessons learned from our work on the Dallas-Fort Worth Connector, Chisholm Trail Parkway, and North Tarrant Expressway projects, we look forward to leveraging our skills and experience to enhance the state’s connectivity and mobility.”
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 2013 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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