Jacobs Receives $30 Million Contract From the Architect of the Capitol

Dec 14, 2010, 07:45 ET from Jacobs Engineering Group Inc.

PASADENA, Calif., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide construction management services (CMS) for the Architect of the Capitol (AOC), the federal agency responsible for the maintenance, operation, development and preservation of the United States Capitol complex in Washington, D.C.  

The total contract value is estimated at $30 million. The contract period includes one base year and four option years, with each work period valued at $6 million.  

Jacobs' scope of work for the project includes construction management, inspection, scheduling, claims analysis/claims defense, quality control, testing and inspection, preparation of change order packages including estimates, and value engineering.

In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "This contract allows us to build on our relationship with the Architect of the Capitol in support of their overall mission of preserving the U.S. Capitol campus."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements.  Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2010 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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SOURCE Jacobs Engineering Group Inc.