SPRINGFIELD, Va., April 10, 2014 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded a $2.39 million firm fixed price contract for a Design/Build Energy Conservation Investment Program (ECIP) Project to replace a gas line for Hanscom Air Force Base in Bedford, MA. This contract was awarded under Versar's Single Award Task Order Contract (SATOC) IDIQ with the Air Force Civil Engineer Center (AFCEC), held with our joint venture partner, Johnson Controls Federal Systems.
This project consists of two primary phases of Design and Construction. During phase one, requirements will be defined and existing conditions identified, including producing as-built drawings and surveys for several existing utilities that are known but have not been identified in the area of construction. This due diligence will be performed to eliminate hazards and possible utility interruptions during the actual construction phase. In construction phase two, we will be tapping into an existing 24" gas main, constructing a gas meter station, and installing a PVC 6" main to serve several locations on base.
The SATOC IDIQ primarily serves the United States Air Force Civil Engineering Center customers, providing a fast track, efficient method for design and execution of all types of facility repairs, renovations and construction.
Rob Biedermann, Senior Vice President of Engineering and Construction Management of Versar said, "This award is a validation of the team we have formed with our joint venture partner Johnson Controls Federal Systems. We welcome this additional opportunity to work with AFCEC and are confident that our team's capabilities are well matched to the requirements of the contract."
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.
This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 28, 2013, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
SOURCE Versar, Inc.