KBR Selected as Single Supplier on Crown Commercial Service Framework
(Thomson Reuters ONE) -
HOUSTON - September 14, 2015 - KBR, Inc. (NYSE: KBR) announced today it has been
selected as the single supplier on the Crown Commercial Service Facilities
Management (FM) Assurance Framework; a United Kingdom cross-government
collaborative approach to contract management.
Services to be provided under the Framework include helpdesk services, a
Computer Aided Facilities Management (CAFM) System, the supply of management
information, and reporting and FM assurance services, which include reviewing
performance of facilities management suppliers.
This new approach, introduced by the Crown Commercial Service (CCS), an
executive agency of the UK's Cabinet Office supporting the Prime Minister and UK
Cabinet will simplify the procurement process for public sector entities giving
them greater flexibility and a "menu of options" for a wide range of support
services. The Framework will be available to all Central UK Government
Departments and their Arm's Length Bodies - UK regulatory agencies operating
independently of the UK government - as well as Agencies, Non-Departmental
Public Bodies, National Health Service Bodies and Local Authorities.
"At KBR we have a passion to deliver high quality work and are committed to
standing by our promises to deliver," said Andrew Pringle, President of
Government Services for KBR.
"The selection by CCS to deliver this FM Framework further enhances our position
as a leading provider of independent facilities management assurance services.
We look forward to working with government agencies in the delivery of this
exciting project," continued Pringle.
Andrew Barrie, Head of Government Services for KBR Ltd which provides Program
Management Contracting as part of KBR's Government Services group said, "This
contract award follows on from the success of our work with the Metropolitan
Police Service (MPS) to transform its vast estate. In 2013 the MPS chose KBR to
integrate the management of their facilities which has delivered significant
savings for the force and UK taxpayers"
Continued Barrie: "We are delighted to have been selected by the Crown
Commercial Service to continue delivering our expertise in this area. At KBR we
pride ourselves on innovation and doing things differently, which is exactly
what this Framework seeks to deliver."
The agreement will commence immediately and is scheduled to run for four years.
Revenue associated with this project is estimated to be $23 to $52 million and
will be booked into backlog of unfilled orders for KBR's Government Services
Business Segment in the third quarter of 2015.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction
company serving the hydrocarbons and government services industries, employing
approximately 25,000 people worldwide with customers in more than 70 countries
and operations in 40 countries across three distinct global businesses:
* Technology & Consulting, including proprietary technology in refining,
ethylene, ammonia and fertilizers, and gasification; and niche consulting
and know-how through subsidiaries Granherne, Energo and GVA
* Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas;
LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and
Industrial Services
* Government Services, including program management and long term annuity
contracts
KBR is proud to work with its customers across the globe to provide technology,
value-added consulting services, integrated EPC delivery and Long Term
Industrial Services to ensure consistent project delivery with predictable
results. At KBR, we deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical statements,
including statements regarding future financial performance, are forward-looking
statements within the meaning of the federal securities laws. These statements
are subject to numerous risks and uncertainties, many of which are beyond the
company's control that could cause actual results to differ materially from the
results expressed or implied by the statements. These risks and uncertainties
include, but are not limited to: the outcome of and the publicity surrounding
audits and investigations by domestic and foreign government agencies and
legislative bodies; potential adverse proceedings by such agencies and potential
adverse results and consequences from such proceedings; the scope and
enforceability of the company's indemnities from its former parent; changes in
capital spending by the company's customers; the company's ability to obtain
contracts from existing and new customers and perform under those contracts;
structural changes in the industries in which the company operates; escalating
costs associated with and the performance of fixed-fee projects and the
company's ability to control its cost under its contracts; claims negotiations
and contract disputes with the company's customers; changes in the demand for or
price of oil and/or natural gas; protection of intellectual property rights;
compliance with environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income taxes; unsettled
political conditions, war and the effects of terrorism; foreign operations and
foreign exchange rates and controls; the development and installation of
financial systems; increased competition for employees; the ability to
successfully complete and integrate acquisitions; and operations of joint
ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs
and 8-Ks, and other Securities and Exchange Commission filings discuss some of
the important risk factors that KBR has identified that may affect the business,
results of operations and financial condition. Except as required by law, KBR
undertakes no obligation to revise or update publicly any forward-looking
statements for any reason.
For further information, please contact:
Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors(at)kbr.com
Media
Marit Babin
Director, Global Communications & Government Relations
713-753-3800
Mediarelations(at)kbr.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: KBR, Inc. via GlobeNewswire
[HUG#1951435]
Unternehmensinformation / Kurzprofil:
Datum: 14.09.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 419828
Anzahl Zeichen: 7547
contact information:
Town:
HOUSTON
Kategorie:
Business News
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