AECOM Technology Corporation
) recently announced that it has received a $91 million deal from
the Florida based Miami-Dade County commissioners for supervising
repair of the sewer system in the county. The total repair work, as
mandated by the federal government, will cost approximately $1.6
Initially, AECOM received this contract for a period of 5 years.
However, there is an option for extending the contact two times by
5 additional years.
Per the contract, AECOM will be required to manage the program
and construction services to upgrade the whole system. Apart from
revamping the present wastewater treatment plants, the company will
also plan, design and manage further construction complying with
the federal guidelines. AECOM will also provide management services
for the collection and transmission system including the pipes and
Furthermore, the company will be supervising the implementation
of several programs including capacity, management, operations and
maintenance work to get the necessary approval by the
This project is vital for the county as improvements in the
wastewater system and related facilities will significantly boost
welfare of their people. AECOM's experience in handling such a
large and complicated contract will be crucial for this project.
AECOM specializes in providing integrated services for planning,
construction and maintenance of infrastructures that includes
consulting, architecture, engineering as well as managing the
requirements for energy, water and environment. The company's core
area of expertise comprises planning and installing critical
infrastructure systems by providing high quality commercial
services aimed to extend the life of new and existing
AECOM currently carries a Zacks Rank #4 (Sell). However, some
better-ranked stocks that can be considered include
Willdan Group, Inc.
AO Smith Corp.
Quanta Services, Inc.
). While Willdan Group sports a Zacks Rank #1 (Strong Buy), both AO
Smith and Quanta Services carry a Zacks Rank #2 (Buy).
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