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AECOM selected for two Crown Commercial Service frameworks in the United Kingdom
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
AECOM (NYSE: ACM) has secured positions on two Crown Commercial Service frameworks in the UK, enhancing its consultancy services to public sector clients. The company obtained five lots on the £1.7bn Construction Professional Services (CPS) Framework and four lots on the Management Consultancy Framework (MCF3), both lasting four years. This development supports AECOM's commitment to integrating ESG considerations into projects and expands its relationship with government clients as they adapt to post-pandemic needs and aim for net zero emissions.
Positive
Secured five lots on the £1.7bn CPS Framework, enhancing service offerings.
Achieved positions on four lots of the MCF3, expanding consultancy services.
Strengthened public sector relationships amid post-pandemic evaluations and net zero targets.
Negative
None.
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has secured places on two Crown Commercial Service (CCS) frameworks, expanding its offering to government departments and public sector clients in the UK, and further enhancing AECOM’s presence across the Crown Commercial Service as a Supplier Alliance Member.
“AECOM’s growing strategic advisory offering combines the strength of our experience with deep technical expertise,” said Lara Poloni, AECOM’s president. “CPS and MCF3 are important frameworks for AECOM that enable us to deliver new services to our public sector clients, helping them to understand their challenges and solve their most complex issues. Key to our offering is integrating ESG into every project we deliver to our clients.”
AECOM has secured five lots on the Crown Commercial Service’s £1.7bn Construction Professional Services (CPS) Framework and has also secured a position on four lots of the major Crown Commercial Service (CCS) Management Consultancy Framework (MCF3). These frameworks will run for four years.
“We are excited to continue growing our relationship with public sector clients and extend our support to them as many re-evaluate the built environment for post-pandemic use and work towards achieving net zero emissions targets,” said Colin Wood, AECOM’s regional chief executive in Europe and India. “As a Supplier Alliance Member, we are pleased to advance these important objectives with clients and other Supplier Alliance Members across the UK.”
The Construction Professional Services Framework lots will cover the built environment and general infrastructure, urban regeneration, high rise structures, defense and security and international projects. The framework is used by government departments and public sector clients ranging from education and housing to energy and health.
The MCF3 gives government, public bodies and third sectors access to a wide range of specialist consultancy services. AECOM has secured positions on Lot 1: Business, Lot 6: Procurement & Supply Chain, Lot 8: Infrastructure including Transport and Lot 9: Environmental Sustainability & Socio-Economic Development.
AECOM is committed to delivering its transformative environmental, social and governance (ESG) objectives through its Sustainable Legacies strategy, ensuring the work it does in partnership with clients leaves a positive impact for years to come.
Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2020/21, CCS helped the public sector to achieve commercial benefits equal to £2.04bn – supporting world-class public services that offer best value for taxpayers.
The value of future work associated with this framework will be added to backlog upon the Company's selection for such projects.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure and power construction businesses, including the risk any purchase adjustments from those transactions could be unfavorable and any future proceeds owed to us as part of the transactions could be lower than we expect;; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
