Fluor Awarded Position on U.S. General Services Administration’s Multiple Award Schedule Contract

Rhea-AI Summary

Fluor Corporation (NYSE: FLR) has been awarded a position on the U.S. General Services Administration's Multiple Award Schedule (MAS) contract. This indefinite-delivery/indefinite-quantity contract spans five years, with three additional five-year options available. Fluor can now compete for task orders in the Facilities and Professional Services categories, which include various special item numbers matching its spending profiles. This award supports Fluor's strategy to enhance its technical services and provides federal agencies access to its innovative solutions.

Positive

• Awarded position on GSA Multiple Award Schedule contract for five years with three five-year options.
• Eligible to compete for task orders in Facilities and Professional Services categories, enhancing business opportunities.
• Aligns with Fluor's strategy to expand professional technical services capabilities.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the U.S. General Services Administration (GSA) awarded the company a position on the Multiple Award Schedule (MAS) contract. The indefinite-delivery/indefinite-quantity contract has a 5-year base period with three 5-year option periods.

Fluor Awarded Position on U.S. General Services Administration’s Multiple Award Schedule Contract (Photo: Business Wire)

As a company selected for a position on the contract, Fluor is now eligible to compete for task orders within the Facilities Category and the Professional Services Category of the GSA MAS. These categories include 10 unique Special Item Numbers that align with Fluor’s top North American Industry Classification Systems spending profiles.

“It is an honor to be selected to support the GSA and to help provide greater efficiency to federal government agencies,” said Tom D’Agostino, president of Fluor’s Mission Solutions business. “This award aligns with our strategy to expand our professional technical services capabilities and enables us to grow our expertise with existing customers as well as new federal government agencies. Fluor’s position on this contract provides our customers with access to the company’s innovative solutions.”

The MAS is a long-term government-wide contract with commercial firms that provides access to a full range of management and consulting services at fair and reasonable prices. This can improve a federal agency's performance and help it meet mission goals. The Facilities Category provides operation and maintenance services to federal customers. The Professional Services Category provides innovative solutions to professional engineering, program management and logistic needs.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005909/en/

Brian Mershon

Media Relations

469.398.7621

Jason Landkamer

Investor Relations

469.398.7222

Source: Fluor Corporation

FAQ

What is the significance of Fluor's award on the GSA MAS contract?

Fluor's award allows the company to compete for federal task orders, significantly expanding its business opportunities in government services.

How long is the GSA MAS contract awarded to Fluor?

The contract has a five-year base period, with the possibility of three additional five-year options.

What categories can Fluor compete in under the GSA MAS contract?

Fluor can compete in the Facilities Category and the Professional Services Category, which includes several special item numbers.

How does the GSA MAS contract benefit Fluor and its customers?

The contract allows Fluor to provide innovative solutions to federal agencies, improving efficiency and supporting their mission goals.