The contract includes a base period of one year and four option periods of one year each, with a maximum contract value of $150 million. The contract is the first one awarded related to forward-looking design services for post-Katrina solutions for hurricane protection in the Gulf Coast. Bioengineering Group and ARCADIS formed the team on the basis of their strong collaborative relationship, which is formalized through a Mentor-Protégé agreement approved by the U.S. Small Business Administration.
Steve Blake, CEO for ARCADIS' U.S. operations, stated, 'I want to extend our commitment to the Corps and the people of Louisiana to provide dedicated professional flood protection expertise. We are looking forward to partnering with the Corps, Bioengineering Group and our talented teaming partners to provide these technical services. I am very pleased that we were selected for this noteworthy contract.'
'We are pleased to have been selected for this landmark project,' said Wendi Goldsmith, President of Bioengineering Group, Inc. 'We have broad familiarity with the Gulf coast land, water, and people. We are committed to joining ARCADIS in providing state-of-the-art sustainable design, engineering and construction management services for this project.'
Joe McGonagle, CEO of HNTB Federal Services Corp., a subsidiary of HNTB that serves federal-sector clients, said, 'HNTB is proud to be a part of this world-class team to help restore this great American city. HNTB will dedicate its more than 50 yeas of experience in Louisiana and enormous national and technical expertise to help make this project a success.'
Dan Batrack, Tetra Tech's CEO stated, 'Our scientists and engineers have solved complex coastal protection and restoration problems nationwide and will bring these unique skills and experiences to Louisiana. We look forward to collaborating with the New Orleans District and our team members.
Services under this contract will be provided to the Hurricane Protection Office and the Protection Restoration Office of the New Orleans District. Anticipated project work will require a broad range of professional skills including overall program and construction management and include the evaluation, design and construction management of levees and floodwalls; special closure structures for protection of the communities adjacent to the Inner Harbor Navigation Canal; major pumping facilities; and planning studies for improved levels of flood protection for New Orleans and southern Louisiana. In addition to offering centrally controlled procedures and quality assurance systems, ARCADIS will share knowledge beyond national borders, saving costs and enhancing local expertise and flexibility and utilize standardized project monitoring tools displayed as a 'Project Control Panel' to enable the transparent monitoring of pre-determined measurable project objectives.
For more information, visit the Arcadis Company Profile.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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.