Bowman Consulting Group (NASDAQ: BWMN) has secured a contract with the Nebraska Department of Transportation (NDOT) for on-call preliminary engineering services. The two-year contract, valued at up to $1.5 million, covers State Recreation Roads and Local Public Agencies federal-aid projects.
The scope encompasses roadway and bridge design, land surveys, stormwater management, right-of-way planning, environmental compliance, and public involvement initiatives. This marks Bowman’s eighth PE award from NDOT. The contract may include additional tasks such as erosion control, ADA design and compliance, utility coordination, and traffic control design.
The partnership stems from Bowman’s recent Speece Lewis acquisition in early 2024, demonstrating the company’s M&A program effectiveness and organic revenue growth potential.
Bowman Consulting Group (NASDAQ: BWMN) ha ottenuto un contratto con il Dipartimento dei Trasporti del Nebraska (NDOT) per servizi di ingegneria preliminare su richiesta. Il contratto, della durata di due anni e del valore massimo di 1,5 milioni di dollari, riguarda i progetti di strade ricreative statali e le agenzie pubbliche locali con finanziamenti federali.
Il campo di applicazione comprende la progettazione di strade e ponti, rilievi topografici, gestione delle acque piovane, pianificazione delle servitù, conformità ambientale e iniziative di coinvolgimento pubblico. Questo rappresenta l’ottavo riconoscimento di ingegneria preliminare da parte di NDOT per Bowman. Il contratto potrebbe includere ulteriori compiti come il controllo dell’erosione, progettazione e conformità ADA, coordinamento dei servizi pubblici e progettazione del controllo del traffico.
La collaborazione deriva dall’acquisizione recente da parte di Bowman della Speece Lewis all’inizio del 2024, dimostrando l’efficacia del programma di fusione e acquisizione dell’azienda e il potenziale di crescita organica dei ricavi.
Bowman Consulting Group (NASDAQ: BWMN) ha obtenido un contrato con el Departamento de Transporte de Nebraska (NDOT) para servicios de ingeniería preliminar a demanda. El contrato de dos años, valorado en hasta 1.5 millones de dólares, cubre proyectos de Caminos Recreativos Estatales y proyectos de agencias públicas locales con ayuda federal.
El alcance abarca el diseño de carreteras y puentes, levantamientos topográficos, gestión de aguas pluviales, planificación de derechos de paso, cumplimiento ambiental e iniciativas de participación pública. Este es el octavo premio de ingeniería preliminar otorgado a Bowman por parte de NDOT. El contrato puede incluir tareas adicionales como el control de erosión, diseño y cumplimiento de ADA, coordinación de servicios públicos y diseño de control de tráfico.
La asociación surge de la reciente adquisición de Speece Lewis por parte de Bowman a principios de 2024, demostrando la efectividad del programa de fusiones y adquisiciones de la empresa y el potencial de crecimiento orgánico de los ingresos.
Bowman Consulting Group (NASDAQ: BWMN)는 네브래스카 교통부 (NDOT)와 호출에 의한 예비 엔지니어링 서비스 계약을 체결했습니다. 2년 동안 유효한 이 계약은 최대 150만 달러의 가치를 가지고 있으며, 주에서 운영하는 레크리에이션 도로 및 지역 공공 기관의 연방 지원 프로젝트를 포함합니다.
범위에는 도로 및 교桥 설계, 토지 조사, 빗물 관리, 통행권 계획, 환경 준수 및 공공 참여 이니셔티브가 포함됩니다. 이는 NDOT로부터 Bowman의 여덟 번째 PE 수상입니다. 계약은 침식 통제, ADA 설계 및 준수, 유틸리티 조정 및 교통 통제 설계와 같은 추가 작업을 포함할 수 있습니다.
이번 파트너십은 2024년 초 Bowman이 Speece Lewis를 인수한 것에서 비롯된 것으로, 회사의 M&A 프로그램 효과성과 유기적 수익 성장 잠재력을 보여줍니다.
Bowman Consulting Group (NASDAQ: BWMN) a obtenu un contrat avec le Département des Transports du Nebraska (NDOT) pour des services d’ingénierie préliminaire à la demande. Le contrat de deux ans, d’une valeur pouvant atteindre 1,5 million de dollars, concerne les routes récréatives de l’État et les projets d’agences publiques locales bénéficiant d’un soutien fédéral.
Le champ d’application comprend la conception de routes et de ponts, les levés topographiques, la gestion des eaux de pluie, la planification des droits de passage, la conformité environnementale et les initiatives d’engagement public. C’est la huitième attribution d’ingénierie préliminaire de NDOT à Bowman. Le contrat pourrait inclure des tâches supplémentaires telles que le contrôle de l’érosion, la conception et la conformité ADA, la coordination des utilitaires et la conception de la régulation du trafic.
Ce partenariat découle de l’acquisition récente par Bowman de Speece Lewis au début de 2024, démontrant l’efficacité du programme de fusions et acquisitions de l’entreprise ainsi que son potentiel de croissance organique des revenus.
Bowman Consulting Group (NASDAQ: BWMN) hat einen Vertrag mit dem Verkehrsministerium von Nebraska (NDOT) über abrufbare Voringenieurdienstleistungen gesichert. Der zweijährige Vertrag hat einen Wert von bis zu 1,5 Millionen Dollar und umfasst staatsfinanzierte Erholungsstraßen sowie Projekte öffentlicher örtlicher Behörden mit Bundesmitteln.
Der Umfang umfasst Straßen- und Brückenplanung, Landvermessungen, Regenwasserbewirtschaftung, Planung von Baulasten, Umweltverträglichkeit und Initiativen zur öffentlichen Beteiligung. Dies ist bereits die achte PE-Auszeichnung von NDOT für Bowman. Der Vertrag könnte zusätzliche Aufgaben wie Erosionsschutz, ADA-Design und -Einhaltung, Versorgungskoordination und Verkehrsleitungsdesign umfassen.
Die Partnerschaft resultiert aus der jüngsten Übernahme von Speece Lewis durch Bowman Anfang 2024 und demonstriert die Effektivität des M&A-Programms des Unternehmens sowie das Potenzial für organisches Umsatzwachstum.
Positive
- Secured new contract worth up to $1.5 million with NDOT
- Eighth consecutive preliminary engineering award from NDOT, showing strong client relationship
- Contract demonstrates successful integration of Speece Lewis acquisition
Insights
The
The comprehensive scope of services, including critical infrastructure elements like bridge replacements and safety enhancements, positions Bowman well for additional contract opportunities within Nebraska’s transportation sector. Government infrastructure contracts typically offer stable cash flows and potential for extensions, providing valuable revenue visibility. The diversified service offering also helps insulate against sector-specific downturns.
The contract’s breadth spanning roadway design, bridge engineering and environmental compliance showcases Bowman’s full-service capabilities in transportation infrastructure. Notably, the inclusion of emerging priorities like ADA compliance and environmental management indicates alignment with current infrastructure development trends and regulatory requirements. The on-call nature of the contract provides flexibility and potential for scope expansion.
State-level transportation contracts often serve as stepping stones to larger federal infrastructure projects. With eight successive PE awards from NDOT, Bowman has established a strong track record that could be leveraged for similar contracts in other states. The focus on state recreation roads and LPA federal-aid projects also positions them well for accessing federal infrastructure funding streams.
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions and program management services to customers who own, develop and maintain the built environment, announced today it has been contracted by the Nebraska Department of Transportation (NDOT) to provide on-call preliminary engineering (PE) services for State Recreation Roads and Local Public Agencies (LPA) federal-aid projects. This award marks the eighth such PE award to the firm by NDOT.
The scope of services outlined in the two-year, up to
“This continued partnership underscores NDOT’s confidence in Bowman’s extensive transportation engineering capabilities and technical expertise,” said Gary Bowman, chairman and CEO of Bowman. “We are privileged to have the opportunity to play a role in shaping Nebraska’s vision for a modern, connected and resilient transportation network. The NDOT relationship and related organic revenue growth are the direct result of our Speece Lewis acquisition in early 2024 and are evidence of the long-term effectiveness of our M&A program.”
Additional tasks within the contract may include erosion control, ADA design and compliance, utility coordination and traffic control design, all focused on advancing the state’s infrastructure goals and ultimately enhancing safety, efficiency and connectivity for Nebraska’s communities.
About Bowman Consulting Group Ltd.
Headquartered in
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Source: Bowman Consulting
FAQ
What is the value and duration of Bowman’s (BWMN) new NDOT contract?
The contract is valued at up to $1.5 million and has a duration of two years.
What services will Bowman (BWMN) provide under the new NDOT contract?
Bowman will provide preliminary engineering services including roadway and bridge design, land surveys, stormwater management, right-of-way planning, environmental compliance, and public involvement initiatives.
How many preliminary engineering contracts has Bowman (BWMN) won from NDOT?
This is Bowman’s eighth preliminary engineering award from the Nebraska Department of Transportation.
How does the NDOT contract relate to Bowman’s (BWMN) Speece Lewis acquisition?
The NDOT contract and related organic revenue growth are direct results of Bowman’s Speece Lewis acquisition in early 2024.