ICF (NASDAQ:ICFI), a leading provider of professional services and technology-based solutions to government and commercial clients, was recently awarded two new on-call contracts by the State of California Department of Transportation (Caltrans). The contracts have a combined maximum value of $13.6 million.
The first contract supports Caltrans District 8 and has a maximum value of $6.8 million and a term of three years. ICF will provide a wide range of on-call environmental services to support Caltrans District 8 in Southern California in the maintenance, development and construction of its proposed transportation facilities. These services are similar to those provided under the agreements recently awarded to support Caltrans District 1 and District 2 and 3 in the northern part of the state.
The second contract supports the District 1 Willits Bypass project. It has a maximum value of $6.8 million and term of three years and three months. ICF will provide on-call biological support services including conducting field reviews and biological monitoring of compensatory aquatic resources mitigation to determine performance relative to the federal and state mitigation and monitoring plans on over 2,000 acres of mitigation lands. Services will also include agency coordination and preparation of monitoring reports.
"We are thrilled to continue our longstanding support of Caltrans District 8 and to expand our on-call support to include biological monitoring for habitat restoration activities to the Willits Bypass project," said David Freytag, senior vice president for ICF. "We look forward to providing the same level of excellence that Caltrans has come to expect from ICF to help ensure the transportation agency remains compliant with the numerous, complex environmental requirements presented by its projects."
ICF (NASDAQ:ICFI) is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
