EMCOR Group to service Bank One.EMCOR Group EMCOR Group NYSE: EME is a Fortune 500 company based in Norwalk, Connecticut. This company's businesses include mechanical and electrical construction, energy infrastructure, and facilities services. , Inc. announced that it has entered into a three-year agreement with Bank One to provide comprehensive facilities and maintenance services for all of Bank One's locations nationwide. The agreement, which was effective July 1, is expected to generate approximately $100 million in base revenues over its three-year term. EMCOR will provide comprehensive facilities services, including operations, maintenance, and supervision, for approximately 2,200 Bank One facilities, representing 34 million SF of space in 30 states. EMCOR will operate and maintain Bank One's building systems, including electrical, plumbing plumbing, piping systems inside buildings for water supply and sewage. The Romans had a highly developed plumbing system; water was brought to Rome by aqueducts and distributed to homes in lead pipes—hence the name plumbing from the Latin word plumbum , heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. , and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. systems, as well as its other mission-critical systems, and manage the overall property maintenance. In connection with the agreement, EMCOR has hired approximately 430 employees who had previously provided these services at Bank One facilities and who will be supplemented by EMCOR's facilities services organization, expanding EMCOR's worldwide facilities services personnel to more than 6,300. Frank T. Maclnnis, chairman and chief executive officer of EMCOR Group, said, "We are very excited to be working with Bank One, one of the world's preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae financial institutions. As the systems and facilities which support sophisticated businesses such as Bank One grow increasingly critical and complex, cost-conscious companies like Bank One are looking increasingly to single-source providers that offer the full spectrum of facilities services." "This award exemplifies EMCOR's ability to leverage its nationwide capabilities by offering its experience in facilities services to preeminent companies with broad geographical reach. Our advantage of scale, along with our ability to deliver the next generation of services, allowed us to respond quickly with a custom-designed approach that fit Bank One's needs. Our experience, combined with our industry-leading Internet-based facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. platform and wireless technology, places us at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of new opportunities and world-class technical know-how." |
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