Jacobs Says Selected To Provide Highways & Environmental Services To Hertfordshire County Council
Portfolio Pulse from Benzinga Newsdesk
Jacobs has been selected to provide highways and environmental services to Hertfordshire County Council. The contract is set to commence in October for an initial five years, with optional extensions up to 14 years, and is valued at $22 million per annum.
May 23, 2024 | 10:37 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jacobs has secured a significant contract with Hertfordshire County Council to provide highways and environmental services. The contract, starting in October, is initially for five years with potential extensions up to 14 years, valued at $22 million per annum.
The contract with Hertfordshire County Council is a substantial win for Jacobs, providing a steady revenue stream of $22 million per annum. The long-term nature of the contract (up to 14 years) enhances financial stability and growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100