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AECOM to provide program management services for the City of Richardson in Texas
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Rhea-AI Summary
AECOM (NYSE: ACM) has been appointed as the General Engineering Consultant for the City of Richardson, Texas, focusing on its Capital Improvement Program, which includes a $400 million bond program aimed at enhancing city infrastructure over the next five to seven years. The project will target critical repairs and improvements across various city sectors including streets, public buildings, and drainage systems. AECOM aims to leverage its global program management expertise to ensure efficiency and cost reduction while minimizing public disruption.
Positive
Selected as General Engineering Consultant by the City of Richardson.
Engagement in a significant $400 million Capital Improvement Program.
Focus on enhancing efficiency and cost reduction for city projects.
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None.
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been selected to serve as General Engineering Consultant (GEC) by the City of Richardson, Texas to augment city staff and provide program management services for the city’s Capital Improvement Program, including the recently approved 2021 Bond Program. This contract will focus on identifying opportunities that enhance efficiency, minimize public disruption, and reduce costs on citywide projects.
“Our leading global program management capability has a legacy of efficiently managing complex programs while effectively safeguarding our clients’ values,” said Drew Jeter, chief executive of AECOM’s global program management business. “We pride ourselves on partnering with our clients with an outcome-driven focus that incorporates the goals of the program through a streamlined delivery adhering to budgets, schedules, and priorities. We look forward to supporting the City of Richardson on this significant program.”
The City of Richardson’s Capital Improvement Program includes projects totaling nearly $400 million to be delivered over the next five to seven years. These projects are focused on repairs and improvements to streets, public buildings, sidewalks, drainage, and parks. AECOM will provide program coordination, management, and delivery services related to engineering, design, construction, sequencing, community engagement, real estate, and performance monitoring.
“We’re proud to partner with the City of Richardson on its vision to serve the community. This comprehensive bond program will provide necessary renovations to public buildings, parks, and infrastructure across the city, prioritizing critical needs and maximum impact,” said Travis Boone, chief executive of AECOM’s U.S. West region. “Our team has a proven track record in the region, and we’re excited to bring our technical excellence and local knowledge to help deliver the successful completion of this program.”
Projects slated for the program include replacements for high-need residential and commercial streets; enhancements to the city’s traffic signal system; renovations to the public library, City Hall, Fire Station No. 5, and Animal Shelter; improvements to sidewalk accessibility; and upgrades to aging drainage, water, and sanitary infrastructure including an expansion of the Northside Pump Station.
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 various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure and power construction, and oil & gas maintenance and turnaround businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those 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.
