PASADENA, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has received a contract to provide program management services for the Regional Transportation Commission of Southern Nevada (RTC). The RTC is the transit authority, transportation planning agency and regional traffic management agency for Southern Nevada.
Officials did not disclose the contract value, however did note that the contract has a duration of four years with two one-year options.
As the program management consultant (PMC), Jacobs provides technical capacity as well as coordination and oversight of professional service, design and construction contracts to support development of the RTC's capital projects.
In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "We are pleased to continue our long standing relationship with the RTC, and we look forward to working side-by-side with them to help them deliver their capital projects."
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 2009 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.