AECOM appointed by Thames Water to new £400 million professional services framework
09 12월 2024 - 8:55PM
Business Wire
New framework combines multiple existing professional
services frameworks together, with AECOM winning positions on four
lots.
AECOM (NYSE: ACM), the trusted global infrastructure leader,
today announced its appointment by Thames Water to a new
professional services framework in the UK. This new £400 million
framework, FA1980, covers asset, capital and engineering
professional services, and brings together a series of separate
Thames Water frameworks under a single package. Thames Water is the
utility responsible for the water supply and waste-water treatment
across much of south-east England, including London and the Thames
Valley.
This new framework will aid the utility’s efforts to improve
water and wastewater services, upgrade infrastructure, prevent
leakages and pollution, and enhance the environment, as it seeks to
deliver its overall 2025-2030 business plan for the UK’s Asset
Management Plan Period 8 (AMP8) regulatory period.
“We’re proud to support Thames Water’s modernization and
sustainability objectives as we extend our critical role in
delivering AMP8 upgrades across the UK,” said Beverley Stinson,
chief executive of AECOM’s global Water business. “AECOM stands as
the industry’s top water supply firm, and our teams possess the
unsurpassed technical capabilities and local track record needed to
assist Thames Water in transforming a vast array of infrastructure
that serves approximately 16 million customers.”
AECOM has won a position as the lead consultant on three lots
under FA1980, with Arcadis and GHD serving as subconsultants. AECOM
has also been appointed as a subconsultant on a fourth lot under a
workshare agreement with Arcadis serving as lead. The new framework
will run for a five-year period, with an option to extend for a
further three years.
“This appointment is the latest step in our long-standing
relationship with Thames Water, building on our work on previous
frameworks while providing AECOM with the opportunity to expand our
services on this new one,” says Colin Wood, chief executive of
AECOM’s Europe and India region. “We continue to expand our
presence in the water sector, providing strategic advice and
technical expertise to help our clients deliver efficient,
resilient and impactful outcomes. The expanded FA1980 framework
enables us to bring our full breadth of specialist services to
support Thames Water in the delivery of its asset and capital
delivery programs.”
The three lots AECOM is leading include multi-disciplinary
services, infrastructure-related engineering services and
resources, and environmental services and resources, including
secondment of personnel to Thames Water. The fourth lot, where
AECOM is subconsultant, covers non-infrastructure-related
engineering services and resources.
Preetinder Dhanoa, Capital Procurement Business Partner at
Thames Water, said: “We are delighted to confirm these critical
framework awards, which will be used to source asset engineering
and capital professional services that are critical to the success
of Thames Water’s AMP8 programme. This agreement will introduce a
number of improvements to our previous arrangements, including
driving value through innovation and partnership working.”
The FA1300 framework, which AECOM had been appointed to prior to
this restructuring, is among the Thames Water frameworks being
combined into this new effort, and AECOM currently has 20 members
of staff on secondment with Thames Water under this framework.
About AECOM
AECOM (NYSE: ACM) is the global infrastructure leader, committed
to delivering a better world. As a trusted professional services
firm powered by deep technical abilities, we solve our clients’
complex challenges in water, environment, energy, transportation
and buildings. Our teams partner with public- and private-sector
clients to create innovative, sustainable and resilient solutions
throughout the project lifecycle – from advisory, planning, design
and engineering to program and construction management. AECOM is a
Fortune 500 firm that had revenue of $16.1 billion in fiscal year
2024. Learn more at aecom.com.
Forward-Looking Statements
All statements in this communication other than statements of
historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including any statements of the
plans, strategies and objectives for future operations,
profitability, strategic value creation, capital allocation
strategy including stock repurchases, risk profile and investment
strategies, and any statements regarding future economic conditions
or performance, and the expected financial and operational results
of AECOM. Although we believe that the expectations reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results, performance and achievements, or industry results
to differ materially from estimates or projections contained in our
forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic
downturns and client spending reductions; potential government
shutdowns or other funding circumstances that may cause
governmental agencies to modify, curtail or terminate our
contracts; losses under fixed-price contracts; limited control over
operations that run through our joint venture entities; liability
for misconduct by our employees or consultants; failure to comply
with laws or regulations applicable to our business; maintaining
adequate surety and financial capacity; potential high leverage and
inability to service our debt and guarantees; ability to continue
payment of dividends; exposure to political and economic risks in
different countries, including tariffs, geopolitical events, and
conflicts; currency exchange rate and interest fluctuations;
retaining and recruiting key technical and management personnel;
legal claims; inadequate insurance coverage; environmental law
compliance and adequate nuclear indemnification; unexpected
adjustments and cancellations related to our backlog; partners and
third parties who may fail to satisfy their legal obligations;
managing pension costs; AECOM Capital real estate development
projects; cybersecurity issues, IT outages and data privacy; risks
associated with the benefits and costs of the sale of our
Management Services and self-perform at-risk civil infrastructure,
power construction and oil and gas businesses, including the risk
that any purchase adjustments from those transactions could be
unfavorable and result in any future proceeds owed to us as part of
the transactions could be lower than we expect; as well as other
additional risks and factors that could cause actual results to
differ materially from our forward-looking statements set forth in
our reports filed with the Securities and Exchange Commission. Any
forward-looking statements are made as of the date hereof. We do
not intend, and undertake no obligation, to update any
forward-looking statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241209240990/en/
Media: Brendan Ranson-Walsh Senior Vice President, Global
Communications 1.213.996.2367 Brendan.Ranson-Walsh@aecom.com
Investor: Will Gabrielski Senior Vice President, Finance,
Treasurer 1.213.593.8208 William.Gabrielski@aecom.com
AECOM (NYSE:ACM)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
AECOM (NYSE:ACM)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
