Los Angeles Department Of Water & Power Has Selected Stantec For A New Five-year Master Services Agreements To Upgrade, Expand, And Modernize Electrical Infrastructure In Greater Los Angeles, Stantec Will Serve As One Of The Owner's Representatives For The Duration Of $104M Agreement And Supply Power System And Resource Development Services
Portfolio Pulse from Benzinga Newsdesk
The Los Angeles Department of Water & Power has selected Stantec for a new five-year master services agreement worth $104 million to upgrade, expand, and modernize electrical infrastructure in Greater Los Angeles. Stantec will serve as one of the owner's representatives and supply power system and resource development services.
August 15, 2024 | 10:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stantec has been awarded a $104 million, five-year master services agreement by the Los Angeles Department of Water & Power to upgrade and modernize electrical infrastructure in Greater Los Angeles.
The $104 million agreement is a significant contract for Stantec, likely to boost its revenues and enhance its reputation in the infrastructure sector. The long-term nature of the contract provides financial stability and potential for future projects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100