PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received a
contract to provide managed task construction management (CM) services
to the Tennessee Valley Authority (TVA) Civil Projects and Coal
Combustion Product Management group. Officials did not disclose the
contract value.
The contract has a base period of three years followed by two one-year
options. Under the terms of the contract, Jacobs will support TVA’s
fossil plants and hydro dams located within its service area, including
Tennessee, Alabama and Kentucky. Services include project and
construction support, contractor oversight, safety monitoring and
control, quality assurance/control and field engineering support.
In making the announcement, Jacobs Senior Vice President Aerospace and
Technology Ward Johnson stated, “We are delighted to be awarded the CM
services contract and strengthen our existing relationship with TVA. We
look forward to working together to achieve zero safety incidents and
reduce TVA’s total ownership costs.”
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 2015 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.