Jacobs Wins Contract to Renovate US Government Accountability Offices

Rhea-AI Summary

Jacobs (NYSE:J) has secured a new multi-disciplinary architecture and engineering service contract from the U.S. Government Accountability Office (GAO) valued at $25 million over a one-year base period with four optional years. This contract, part of a Multiple Award Task Order Contract (MATOC), aims to renovate and upgrade the GAO's headquarters in Washington D.C. and its field offices nationwide. Jacobs plans to utilize its expertise in modernizing federal facilities, emphasizing innovative and sustainable solutions.

Positive

• Awarded a $25 million contract for GAO renovations, enhancing revenue potential.
• Strengthening expertise in federal facility modernization.
• Opportunity to leverage sustainable and innovative engineering solutions.

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• None.

DALLAS, May 13, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a new multi-disciplinary architecture and engineering (AE) service contract for the U.S. Government Accountability Office (GAO). This is a Multiple Award Task Order Contract (MATOC) and supports the Indefinite Delivery, Indefinite Quantity (IDIQ) of task orders to renovate and upgrade the GAO's headquarters in Washington D.C., as well as the agency's field offices in 11 cities across the country.

GAO estimates the shared contract capacity at $25 million for a one-year base period and four option years. AE services consist of mechanical, plumbing, electrical, structural, landscape, architectural, and historical engineering and design of GAO facilities and infrastructure across the country. Projects may include new construction, alterations, renovations, tenant fit-up, mechanical, electrical, plumbing and fire suppression system upgrades and replacement.

"With this new contract, we can expand on a proven track record of work modernizing similar aging buildings for federal clients in the national capital region," said Jacobs Federal & Environmental Solutions Senior Vice President and General Manager Tim Byers. "Through our innovative, sustainable and resilient solutions we can bring local delivery and comprehensive services to the GAO in D.C. and their facilities nationwide."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended April 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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SOURCE Jacobs

FAQ

What is the value of the contract Jacobs secured with the GAO?

The contract is valued at $25 million for a one-year base period with four optional years.

What services will Jacobs provide under the new GAO contract?

Jacobs will provide architecture and engineering services, including renovations, infrastructure upgrades, and historical engineering for GAO facilities.

When was the contract awarded to Jacobs by the GAO?

The contract was awarded on May 13, 2021.

What is the significance of the new contract for Jacobs?

This contract allows Jacobs to expand its federal client work and showcases their capabilities in modernizing aging government buildings.