Jacobs Receives Second Contract From Hong Kong SAR Government
Jacobs to Manage and Operate Public Works Regional Laboratory
PASADENA, Calif., April 24, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded an outsourcing contract from the Civil Engineering and Development Department of the Government of the Hong Kong Special Administrative Region to provide management and operating services for the new Public Works Regional Laboratory (Siu Ho Wan). The contract commences on June 1.
The contract value is estimated at $11 million (HK$85.2 million).
Jacobs' scope of work for the project includes operating the Siu Ho Wan facility and managing its 51 laboratory-based staff for a period of approximately four years. This facility will provide construction materials compliance testing services to support the Hong Kong-Zhuhai-Macao Bridge projects and other public works projects.
The Civil Engineering and Development Department has been managing and operating their Public Works Laboratories, comprising a central laboratory and five regional laboratories, for many years. An outsourcing contract for the operation and management of one of the regional laboratories in Tai Po was awarded to Jacobs in May 2011. The Siu Ho Wan regional laboratory is a new laboratory.
Jacobs Group Vice President Tom Quinn stated, "The transition of the Tai Po laboratory from the Civil Engineering and Development Department to Jacobs has proven that such outsourcing can add value to our client's organization. We are pleased to further extend our services in this regard to the new Siu Ho Wan regional laboratory for the benefit of the prestigious Hong Kong-Zhuhai-Macao Bridge projects."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
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. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
SOURCE Jacobs Engineering Group Inc.
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