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Tetra Tech Wins Design-Build Contract from US Navy for Large Construction Projects

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Jan 29 2010

Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it is one of five firms awarded a $750 million contract to provide design-build services for large construction projects for the U.S. Navy. The majority of the work will be performed in the District of Columbia, Maryland, and Virginia. The period of performance for this firm fixed-price contract is one base year with four one-year options, and the five awardees will share the total contract value.

“This is a new contract vehicle that will expand our range of services to the U.S. Navy, one of our largest clients,” said Dan Batrack, Tetra Tech’s Chairman and CEO.

The Naval Facilities Engineering Command (NAVFAC) Washington anticipates that this contract will be used for construction projects ranging in size from approximately $10 million to $30 million per task order.

Source: https://www.tetratech.com/

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