Parsons Corporation and Versar: Milestone Construction Deal
Parsons Corporation and Versar Awarded Major Contract
Parsons Corporation, known for its innovative solutions in construction and engineering, has teamed up with Versar to secure a substantial $75 million construction management contract with the U.S. Army Corps of Engineers (USACE). This agreement marks a significant milestone for the joint venture (JV) and showcases their commitment to supporting military operations.
Details of the Contract
The new contract awarded to Parsons and Versar entails enhanced construction phase support services over a base period of three years, with an option for an additional two-year extension. As the managing partner of this venture, Parsons aims to deliver effective management services that reinforce the USACE's efforts in the Central Command Area of Responsibility.
Continued Support for Military Programs
Through this partnership, the JV will provide vital construction management services that bolster the USACE's presence in military and foreign military sales programs. Parsons has been a reliable partner for the USACE for many years, consistently delivering exemplary infrastructure solutions that enhance the operational capabilities of military projects.
Experience in Diverse Environments
Over the past twelve years, Parsons and Versar have successfully conducted more than 60 task orders for construction phase support services. Their prowess in managing projects in complex and challenging environments positions them well to meet the demands of this latest contract. Parsons is recognized globally for its leadership in the construction management sector, particularly for its innovative approaches to project management.
Commitment to National Security
“Parsons has been a trusted U.S. Army Corps of Engineers partner for decades, delivering innovative infrastructure solutions for the federal government,” stated Jon Moretta, President of Engineered Systems at Parsons. “We are dedicated to leveraging our combined experiences and capabilities to support the Middle East District's mission in advancing our nation's security.”
Expertise Across the Project Lifecycle
Parsons' extensive experience spans the entire lifecycle of project development. They offer comprehensive services including master planning, design, construction management, and asset management. This extensive portfolio enables them to support clients at every step, making them a top choice for public and private sectors alike.
About Parsons Corporation
Parsons Corporation (NYSE: PSN) is not just a construction management company; it embodies the future of disruptive technologies in national security and global infrastructure sectors. Their capabilities extend across multiple domains such as cybersecurity, intelligence, space defense, and urban development. Parsons is at the forefront of addressing challenges in critical infrastructure protection and environmental remediation.
Staying Connected
To learn more about the innovative infrastructure solutions offered by Parsons, interested parties should explore their website. The firm frequently shares updates and insights on their projects and contributions in the field of construction and engineering.
Frequently Asked Questions
What is the significance of the contract awarded to Parsons and Versar?
The $75 million contract is pivotal as it enhances military operational capabilities and demonstrates the joint venture's strength in providing crucial construction management services.
How many task orders have Parsons and Versar completed for the USACE?
They have successfully completed more than 60 task orders over a span of twelve years, showcasing their robust partnership and operational efficiency.
What is Parsons Corporation's role within the joint venture?
Parsons serves as the managing partner of the joint venture with Versar, responsible for overseeing project execution and strategic planning.
What markets does Parsons Corporation serve?
Parsons operates across various markets, including national security, cybersecurity, urban development, and environmental remediation among others.
How can interested parties learn more about Parsons Corporation?
Individuals can visit Parsons's official website to discover more about their innovative projects, services, and contributions to infrastructure solutions.
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