Bowman Awarded Multi-Year Contract by City of Montebello for On-Call Engineering Services

Rhea-AI Summary

Bowman Consulting Group (NASDAQ: BWMN) has secured a $6 million on-call design and engineering services contract with the City of Montebello, California. The three-year agreement, valued at $2 million annually, includes two optional one-year extensions that could increase the total contract value to $10 million over five years.

The scope encompasses municipal and civil engineering, capital improvement project management, construction management, traffic engineering, plan review, grant administration support, and staff augmentation services. Initial task orders include catch basin retrofits, sewer system auditing, roadway enhancements, and a citywide pavement management program.

This contract builds upon Bowman's 20+ year relationship with Montebello and demonstrates the company's successful integration of acquired operations to generate organic growth.

Positive

• $6M contract with potential extension to $10M over 5 years
• Guaranteed $2M annual revenue stream for 3 years
• Multiple initial task orders already secured
• Expansion of existing 20+ year client relationship

Negative

• None.

Acquisition strategy continues to generate organic revenue growth

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services firm, has been awarded a $6 million on-call design and engineering services contract with the City of Montebello, California. The three-year agreement will generate $2 million annually and includes two optional one-year extensions, creating the potential for a five-year partnership worth up to $10 million.

Under the contract, Bowman will provide design and engineering services to support Montebello’s infrastructure and community development initiatives. These services may include municipal and civil engineering, capital improvement project management, construction management, city traffic engineering, engineering plan review, grant administration support and staff augmentation for both office and field operations.

“This engagement is another example of the synergies we are deriving through the integration of acquired operations,” said Gary Bowman, chairman and CEO of Bowman. “The contract builds upon more than two decades of collaboration with the City of Montebello and reinforces a long-standing partnership in support of their growing infrastructure needs. By continually aligning our capabilities with the priorities of our customers, we continue to expand our footprint and generate sustainable long-term organic growth across markets and services. We look forward to continuing to grow in our role as a trusted partner for public sector clients nationwide.”

In connection with the award, Bowman was issued several initial task orders including catch basin retrofits, sewer system auditing and management, roadway enhancements and a citywide pavement management program.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,300 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250228928644/en/

General Media Contact:

Renee Narvaez

pr@bowman.com



Investor Relations Contact:

Betsy Patterson

ir@bowman.com

Source: Bowman Consulting Group

FAQ

What is the value of Bowman's (BWMN) new Montebello contract?

The contract is worth $6 million over three years, with potential extension to $10 million over five years

How much annual revenue will BWMN generate from the Montebello contract?

The contract will generate $2 million in annual revenue

What services will Bowman (BWMN) provide to Montebello?

Services include municipal engineering, project management, construction management, traffic engineering, plan review, and grant administration

What are the initial projects assigned to Bowman (BWMN) in Montebello?

Initial tasks include catch basin retrofits, sewer system auditing, roadway enhancements, and citywide pavement management

How long is Bowman's (BWMN) contract with Montebello?

The contract is for three years with two optional one-year extensions, potentially lasting five years