Arcadis

ARCADIS wins two major GRiP® contracts totaling $170 million

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Source: Arcadis

ARCADIS (EURONEXT: ARCAD), the international design, consulting, engineering and management services company, today announced that it has been awarded two major GRiP® contracts for environmental remediation, with a total worth of almost $170 million, from Atlantic Richfield Company, a BP affiliate, and the US Army.

The contract with Atlantic Richfield Company involves environmental remediation and site closure for a portfolio of contaminated sites. ARCADIS will provide a GRiP® (Guaranteed Remediation Program) approach to assure that each site in the portfolio will meet the environmental cleanup standards set by the regulators. ARCADIS was awarded the contract after an extensive selection process and its strong and innovative remediation capabilities and proven success in GRiP® contract execution were key in winning this contract.

In addition, the US Army Environmental Command has recently awarded ARCADIS a GRiP® contract involving three projects. The largest project is for work at Fort Meade, Maryland and the associated Phoenix Military Installation (PMI). The work will include site investigation, evaluation of remedial alternatives and remediation of contaminated sites.

Commenting on these major wins, Gary Coates, President of ARCADIS US Environmental Division said: “We see a strong demand for our GRiP® program as more clients, in both the public and private sectors, are looking to obtain cleanup cost certainty and accelerated time to closure of environmentally impacted properties. By applying GRiP® to portfolios of sites additional savings can be realized. The GRiP® approach also enables clients to redirect their resources to core business activities and drive more of their environmental expenditures towards reducing their liabilities within a fixed period of time.”

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