The San Francisco Bay Area Rapid Transit (BART) awarded
Jacobs Engineering Group Inc.
) a contract to deliver on-call construction management services.
The contract extends its support to the agency's Capital
Improvement Program. Jacobs will be liable for the delivery of
design-bid-build, design-build and procurement projects, valued
at $20 million.
Per the contract, Jacobs's services include resident, field
and office engineering services; hazard analysis and safety
certification, material testing, noise and vibration monitoring
and data analysis, cost and schedule management, coordination
with other agencies; and claims management. The duration of the
contract is expected to be five years.
According to the Jacobs Group Vice President, Kevin McMahon,
the project will help improve the quality of life for residents
across the region. BART is believed to be the fifth-busiest rapid
transit system in the US, carrying roughly 350,000 passengers
weekly, on an average.
On the same day, Jacobs won a contract from Santos GLNG
Project in Australia with the terms of providing support for coal
seam gas field development.
The contract value is undisclosed, with a duration of three
and a half years along with an extension option of a year. The
project is an initiation by the GLNG Operations, which is a joint
venture between Australia's popular domestic gas producer Santos,
and PETRONAS, Total, and KOGAS, who are renowned in the world
Jacobs is responsible to provide commissioning and start up
management support for the transition of facilities into
sustainable operations. Along with the services, Jacobs is
responsible for maintaining community and environmental
We currently maintain a Neutral recommendation on Jacobs. The
stock also bears a Zacks #3 Rank, which implies a short-term (1-3
months) Hold rating. The company competes against industry
), holding a Zacks #4 Rank implying a short-term (1-3 months)
Sell rating and
Foster Wheeler AG
), holding a Zacks #3 Rank.
FLUOR CORP-NEW (FLR): Free Stock Analysis
FOSTER WHELR AG (FWLT): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
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