Jacobs Awarded Seawall Contract from Seattle DOT
Managing Construction of Critical Public Safety Project
PASADENA, Calif. -- September 17, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a
contract from the Seattle Department of Transportation (SDOT) for Construction
Management Services on the Elliott Bay Seawall Project (EBSP) in Seattle,
Officials estimate the construction value to be $300 million for Phase 1 of
Under the terms of the contract, Jacobs is managing the construction of
approximately 3,700 feet of new seawall infrastructure in an urban waterfront
area that supports public recreation, tourism and commerce. Jacobs’ scope of
work includes oversight, inspection, monitoring, coordination and
documentation of the project.
The EBSP replaces the existing seawall with a structure that meets current
safety and design standards by replacing deteriorated seawall structures that
were constructed between 1916 and 1934. Phase 1 of the project, expected to
begin in September 2013, replaces the most deteriorated sections of the
central seawall. The City of Seattle is planning a second phase of work for
the northern seawall as funding is available.
In making the announcement, Jacobs Group Vice President Kevin McMahon stated,
“We look forward to leveraging our significant experience with large
construction projects in urban environments to deliver the Elliott Bay Seawall
Project, which is vitally important both in terms of public safety and as a
foundation for the redevelopment of Seattle’s vibrant waterfront district.”
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 2012
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.
Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968
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