ARCADIS Giffels JV Awarded $4.5 Million, Multidiscipline Indefinite Delivery Contracts from the U.S. Army Corps of Engineers.DENVER -- ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCAF)(EURONEXT: ARCAD) and Giffels are pleased to announce that their joint venture was awarded Multidiscipline Indefinite Delivery Contracts (IDC) by the U.S. Army Corps of Engineers (Corps). These contracts are to provide architect and engineering services for projects within the limits of Fort Bragg, North Carolina
Fort Bragg is a major United States Army installation, in Cumberland and Hoke Counties, North Carolina, U.S. and will be administered by the Fort Bragg Fort Bragg, U.S. army base, 11,136 acres (4,507 hectares), E N.C., N of Fayetteville; est. 1918. Originally an artillery post, it is now the principal U.S. army airborne-training center and the site of the Special Warfare School. office. The contract includes a base period of one year and two option periods of one year each, with a maximum contract value of $4.5 million. The contract will be implemented through task orders primarily for new construction, upgrades, maintenance and repair for various military facilities. The services performed under this IDC will include preparing reports, performing studies, project planning project planning - project management , developing design criteria Noun 1. design criteria - criteria that designers should meet in designing some system or device; "the job specifications summarized the design criteria" criterion, standard - the ideal in terms of which something can be judged; "they live by the standards of their , preparing drawings, specifications and cost estimates, and other general A/E A/E Architect/Engineer A/E Architecture and Engineering Services A/E Air Entry (by auscultation) A/E Activity Elements A/E Ascent and Entry (spacecraft; NASA) A/E Attitude Ephemeris A/E Anarchy and Equality services. Mark Fenner, federal program director for ARCADIS' U.S. operations, stated, "ARCADIS continues to build its position in the federal marketplace and we are pleased to receive this latest award from the Corps of Engineers. ARCADIS has been providing environmental permitting and planning, civil engineering and remediation services to the Corps since 1989. The scope of this contract will allow us to demonstrate an expanded range of capabilities to this valued client." "We are thrilled to provide the military and the U.S. government with world-class engineering and project management services for the important developments on Fort Bragg," said Mike Peery, director of operations, Giffels, Raleigh. "The technology and years of experience we'll bring to this joint venture were critical in helping us win this contract and they'll ensure we deliver on time and on budget." ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 11,000 employees and over $1.5 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. Giffels is a leading global provider of architecture, engineering and project management services. Part of the Ingenium Group, Inc., Giffels has professionals across the globe, including those in its Raleigh and Detroit offices. Giffels is a long established consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a with an extensive portfolio of commercial, industrial, government and automotive building projects, including designing a state-of-the-art UPS national logistics distribution center, constructing and renovating Lowe's Home Improvement and CVS/pharmacy stores and completing an adaptive re-engineering and environmentally sustainable redesign of the Ford Motor Company Rouge Center plan which includes the world's largest green roof. Except for historical information contained herein, the statements in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. |
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