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Jacobs Receives Contract for the San Francisco Public Utilities Commission San Joaquin Region Projects

Posted on: Tuesday, 7 April 2009, 06:45 CDT

PASADENA, Calif., April 7 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide construction management (CM) services for the San Francisco Public Utilities Commission's (SFPUC) San Joaquin Region Projects. Jacobs will operate as a major subcontractor to PMA Consultants, LLC (PMA).

Construction costs for these projects are estimated to be approximately $350 million. PMA's professional CM services contract with the SFPUC is for $28 million and Jacobs' subcontract value is approximately $11 million.

The projects are generally located in the California Central Valley on the east side of the Altamont Pass. Projects include construction of 11 miles of new 92-inch diameter pipelines; rehabilitation of existing pipelines; new crossover valve structures; a throttling station to improve emergency pipeline shutdown capability and operational flexibility; Supervisory Control and Data Acquisition (SCADA) system upgrades; a new 315-million-gallon-per-day ultraviolet and chemical feed facility; as well as coordination with other concurrent water quality improvement projects.

In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "The opportunity to bring our talents to a third project for the SFPUC's Water System Improvement Program demonstrates the depth and breadth of our construction management capabilities for water projects. This project builds on our history with the Water System Improvement Program and continues our relationship with PMA. We believe our continuing partnership with the SFPUC delivers real benefits to the people in the Bay Area by helping ensure uninterrupted service during emergencies or planned shutdowns for maintenance."

Jacobs, with over 55,000 employees and revenues exceeding $12.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information, contact: Michelle Jones 626.578.6968

(Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)

SOURCE Jacobs Engineering Group Inc.

Source: PR Newswire

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