The Federal Highway Administration (FHWA) Office of Operations has awarded ICF (NASDAQ:ICFI), a global consulting and digital services provider, several new task orders for technical, program and outreach services to support the agency’s efforts to advance system management practices around the country.
The task orders, which were awarded in the second and third quarters, have a combined value of nearly $6 million and terms varying from 12 to 24 months. They were issued under a five-year, multiple-award transportation solutions indefinite delivery, indefinite quantity contract awarded to ICF in 2016.
“ICF will assist FHWA in accelerating the deployment of emerging transportation strategies that have a real, meaningful impact on the way people travel and how goods are moved around the country,” said Jeff Ang-Olson, vice president for ICF. “Through better use of technology, data, agency collaboration and institutional processes, we will help our client promote a proactive and integrated approach that helps infrastructure owner-operators like state and local agencies respond to recurring and non-recurring congestion in their systems.”
The task orders cover a broad spectrum of activities ranging from developing integrated data systems, building institutional capacity around transportation operations, providing technical support and outreach to state and local agencies, and enabling enhanced approaches to improve travel reliability, sustainable mobility and freight movement.
ICF has a longstanding history of helping FHWA and other clients solve the complex transportation challenges that citizens face in their everyday lives. With the rapid developments in transportation technology, changing trends and travel preferences and today’s tight budgetary environments, ICF brings the expertise needed to help clients promote sustainable travel and goods movement, improve safety, reduce emissions, optimize existing systems and empower users to make informed choices based on real-time information.
ICF (NASDAQ:ICFI) is a global consulting services company with over 5,500 specialized experts, 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; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements 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.