Jacobs Wins 15-Year Contract Renewal for Public Works Services in Centennial, Colorado

Jacobs has been awarded a 15-year contract renewal by the City of Centennial, Colorado, to continue providing public works services that enhance safety and livability for over 110,000 residents. The agreement will maintain oversight of critical city infrastructure services, including operations related to public works, traffic engineering, and facilities management. Jacobs has a 17-year legacy of delivering innovative solutions for the city and will continue to anticipate evolving needs while staying aligned with community priorities.

Jacobs (NYSE: J) has secured a significant 15-year contract renewal from the City of Centennial, Colorado, extending their 17-year partnership in delivering critical public works services. The agreement covers oversight of essential infrastructure services including public works, traffic engineering, street rehabilitation, and management of the city's 2,800-light streetlight program. The company will leverage PA Consulting to advance Centennial's future-ready initiatives, focusing on strengthening transportation and digital infrastructure. Key objectives include improving connectivity between I-25 corridor businesses and Centennial City Park, enhancing accessibility, and preparing for autonomous equipment adoption. The partnership serves a population of over 110,000 residents and has received reaccreditation from the American Public Works Association.

The contract renewal represents a substantial win for Jacobs, reinforcing its position in the municipal infrastructure services market. The agreement extends a 17-year partnership that has delivered value to the city's residents. This type of long-duration municipal contract provides predictable revenue streams that investors typically value for stability. The scope of the contract is comprehensive, covering public works, traffic engineering, street rehabilitation, code enforcement, facilities management, and a 2,800-light streetlight program. While the financial terms are not disclosed, municipal contracts of this nature and duration typically represent material recurring revenue for infrastructure service providers.

Notably, Jacobs' evolution from basic infrastructure maintenance to delivering smart city initiatives and intelligent transportation systems is evident. The company is leveraging its PA Consulting unit (in which it holds a 65% stake) to advance digital infrastructure capabilities that prepare Centennial for future technologies including autonomous vehicles. The reaccreditation from the American Public Works Association validates the quality of service delivery and strengthens Jacobs' credentials when pursuing similar contracts with other municipalities.

For context, Jacobs reports approximately $12 billion in annual revenue with a workforce of almost 45,000. While this single contract won't dramatically move the needle on overall performance, it contributes to the company's stable base of long-term government services work that helps balance more cyclical segments in its portfolio.

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[1] https://www.stocktitan.net/news/J/city-of-centennial-colorado-renews-jacobs-contract-for-critical-m9qoocy0s1is.html