Stantec awarded global architect-engineer services contract by the United States Agency for International Development
21 September 2021 - 12:45PM
TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering,
has been selected by the United States Agency for International
Development (USAID) to provide global architect-engineer (A/E)
services through a five-year, US$800 million multiple-award task
order contract. Services under this agreement include planning,
design, rehabilitation, and construction supervision for the
development of schools, health facilities, and energy, water,
sanitation, agriculture, and transportation-related infrastructure.
The federal agency leads international development and humanitarian
efforts to save lives, reduce poverty, strengthen democratic
governance, and help people progress beyond assistance.
“Stantec has supported USAID for over 20 years in its mission to
drive global development and prosperity, an objective that
resonates with Stantec’s own commitment to addressing sustainable
development around the globe,” said Loren Labovitch, vice president
of Stantec’s US International Development team. “This contract will
give us an opportunity to further expand our support to USAID by
helping the agency and their partner countries build and enhance
critical infrastructure that communities rely on for sustainable
economic growth.”
This work will support several USAID cross-cutting initiatives
designed to help developing countries pursue less carbon intensive
development, adapt to the impacts of climate change, and advance
gender and social inclusion. Stantec will work closely with USAID
and its partners to design and implement infrastructure
interventions that incorporate appropriate climate risk mitigation
measures, optimize the use of clean energy and energy efficient
technologies, promote nature-based solutions where feasible, enable
equitable access to project benefits, and improve women’s economic
and workforce development opportunities.
Stantec’s International Development team, based in Washington
D.C., will provide oversight of the contract and management of the
subsequent task orders. The contract is USAID’s primary mechanism
to procure infrastructure planning, design, and construction
supervision services across a range of development sectors
worldwide. Stantec has a long history of successful project
delivery for USAID, including full life-cycle A/E projects. Recent
experience includes supporting USAID-funded energy projects in
Jordan, Nepal, and Vietnam and water and sanitation projects in
sub-Saharan Africa, including the design of the first city-wide
sustainable sanitation facility in Kenya.
Stantec is ranked as one of the top international design firms
by Engineering News-Record. Stantec has planned, designed, and
managed construction of thousands of A/E programs, from small-scale
studies to large-scale programs, using state-of-the-art and
innovative technologies, tools, and methods, with a particular
focus on socially inclusive and climate-sensitive solutions.
Find out more about Stantec’s International Development team
here.
Note: The revenue and backlog from this contract are expected to
be recognized over the five-year term.
About StantecCommunities are fundamental.
Whether around the corner or across the globe, they provide a
foundation, a sense of place and of belonging. That's why at
Stantec, we always design with community in
mind.
We care about the communities we serve—because they're our
communities too. This allows us to assess what's needed and connect
our expertise, to appreciate nuances and envision what's never been
considered, to bring together diverse perspectives so we can
collaborate toward a shared success.
We're designers, engineers, scientists, and project managers,
innovating together at the intersection of community, creativity,
and client relationships. Balancing these priorities results in
projects that advance the quality of life in communities across the
globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking StatementsThis news
release contains forward-looking statements regarding the services
described above. Forward-looking statements also include any other
statements that do not refer to historical facts. By their nature,
forward-looking statements are based on assumptions and subject to
inherent risks and uncertainties. There is a risk that the services
described above may be delayed, cancelled, suspended or terminated.
This could cause future results to differ materially from the
forward-looking statements made in this news release. Except as may
be required by law, Stantec undertakes no obligation to publicly
update or revise any forward-looking statements. Forward-looking
statements are provided herein for the purpose of giving
information about the services referred to above and their expected
impact. Readers are cautioned that such information may not be
appropriate for other purposes.
Media
Contact |
Investor Relations Contact |
Danny Craig |
Tom McMillan |
Stantec Media Relations |
Stantec Investor Relations |
Ph (949) 632-6319 |
Ph (780) 917-8159 |
danny.craig@stantec.com |
tom.mcmillan@stantec.com |
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