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Bullboard - Stock Discussion Forum Stantec Inc T.STN

Alternate Symbol(s):  STN

Stantec Inc. is a Canada-based sustainable design and engineering company. The Company is a provider of comprehensive professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company's segments include Canada, United States and Global. Its services include engineering, architecture, interior design, landscape architecture, surveying... see more

TSX:STN - Post Discussion

Stantec Inc > awarded global architect-engineer services contract by USAID
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Post by Betteryear2 on Sep 21, 2021 2:41pm

awarded global architect-engineer services contract by USAID

EDMONTON, Alberta and NEW YORK and WASHINGTON, Sept. 21, 2021 (GLOBE NEWSWIRE) -- 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.
 

https://www.globenewswire.com/news-release/2021/09/21/2300364/0/en/Stantec-awarded-global-architect-engineer-services-contract-by-the-United-States-Agency-for-International-Development.html
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