PASADENA, Calif., March 22, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a four year contract from United Utilities, one of the United Kingdom's largest water companies, for the provision of AMP5 topographical and utility surveying services.
The total framework agreement is valued at approximately $2.5 to $3 million. The base contract period is four years with a two-year extension option related to good performance. The total period is expected to be six years.
Under the terms of the contract, Jacobs is expected to provide technical services including topographical, hydrographical and measured building surveys, utility location and mapping, 3D laser scanning surveys, deformation monitoring, GPS network design and production of high specification 3D model drawings. Surveys are required in a variety of water/wastewater environments pre-determined by United Utilities infrastructure and design requirements.
In making the announcement, Jacobs Group Vice President Bob Duff stated, "We are delighted to continue to provide United Utilities with our services and look forward to further strengthening our relationship."
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 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 do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.