DENVER, Colo – March 12, 2007 – ARCADIS (NASDAQ: ARCAF, EURONEXT: ARCAD) and Giffels are pleased to announce that their joint venture was awarded Multidiscipline Indefinite Delivery Contracts (IDC) by the U.S. Army Corps of Engineers (Corps). These contracts are to provide architect and engineering services for projects within the limits of Fort Bragg, North Carolina and will be administered by the Fort Bragg office.
The contract includes a base period of one year and two option periods of one year each, with a maximum contract value of $4.5 million. The contract will be implemented through task orders primarily for new construction, upgrades, maintenance and repair for various military facilities. The services performed under this IDC will include preparing reports, performing studies, project planning, developing design criteria, preparing drawings, specifications and cost estimates, and other general A/E services.
Mark Fenner, federal program director for ARCADIS’ U.S. operations, stated, “ARCADIS continues to build its position in the federal marketplace and we are pleased to receive this latest award from the Corps of Engineers. ARCADIS has been providing environmental permitting and planning, civil engineering and remediation services to the Corps since 1989. The scope of this contract will allow us to demonstrate an expanded range of capabilities to this valued client."
“We are thrilled to provide the military and the U.S. government with world-class engineering and project management services for the important developments on Fort Bragg,” said Mike Peery, director of operations, Giffels, Raleigh. “The technology and years of experience we’ll bring to this joint venture were critical in helping us win this contract and they’ll ensure we deliver on time and on budget.”
ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 11,000 employees and over $1.5 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.
Giffels is a leading global provider of architecture, engineering and project management services. Part of the Ingenium Group, Inc., Giffels has professionals across the globe, including those in its Raleigh and Detroit offices. Giffels is a long established consulting firm with an extensive portfolio of commercial, industrial, government and automotive building projects, including designing a state-of-the-art UPS national logistics distribution center, constructing and renovating Lowe’s Home Improvement and CVS/pharmacy stores and completing an adaptive re-engineering and environmentally sustainable redesign of the Ford Motor Company Rouge Center plan which includes the world’s largest green roof.
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.
