Technical, professional and construction services provider,
Jacobs Engineering Group Inc.
) recently entered into a contract with Central Texas Regional
Mobility Authority. The project, valued at $6.0 million, relates
to the road projects located in the MoPac South corridor in
Per the contract, Jacobs will take up the responsibility of
supervising environmental and preliminary engineering services
together with public involvement efforts for the development of
roughly 9 miles of roadway in the MoPac corridor.
Apart from Jacobs, there are a number of other parties
involved in the execution of the project. The other participants
include the General Engineering Consultant (GEC), staff from the
Mobility Authority, specialty consultants and Texas Department of
This contract, which we consider to be an extension of the
long standing relationship between the Mobility Authority and
Jacobs, is expected to be fruitful.
On the same day, Jacobs also announced a renewal of the frame
agreement with the Austria based company Borealis. The project is
located at Stenungsund, Sweden.
The value of the contract is undisclosed, however, the
contract spans a wide range of projects, each having a total
installed cost of roughly $11.0 million. Jacobs will provide
procurement, engineering, construction management and project
The contract is an extension of the ten year old relationship
between the two companies in Sweden.
Jacobs currently carries a Zacks Rank #3 (Hold). Other stocks
to watch out for in the construction industry are
Michael Baker Corporation
), carrying a Zacks Rank #1 (Strong Buy); while,
Harris & Harris Group, Inc.
Quanta Services, Inc.
), carry a Zacks Rank #2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
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