Shaw Enters into Agreement with U.S. General Services Administration for Building Energy Management Services

The Shaw Group Inc. (NYSE: SHAW) today announced it has received a blanket purchase agreement for comprehensive professional energy services from the U.S. General Services Administration.

Shaw will perform audits, reviews and consumption surveys to optimize building performance and energy efficiency; offer consulting and survey services to identify energy and water conservation measures; and provide energy and water management record updates for major government equipment and infrastructure systems. Shaw’s blanket purchase agreement, a simplified method for federal agencies to acquire comprehensive energy services, is part of the Federal Strategic Sourcing Initiative, a program through which the government aggregates requirements, streamlines processes and leverages its buying power.

In response to the Recovery Act, which places an emphasis on infrastructure improvements, the General Services Administration is issuing energy services purchase agreements to assist federal agencies with projects that enhance compliance with energy and green building requirements. These projects ultimately are intended to create new jobs, transform new and existing federal buildings into high-performance green buildings with decreased energy consumption and improve the condition of valuable aging assets.

“As a provider of sustainability solutions such as Leadership in Energy and Environmental Design and energy management services for more than 13 years, Shaw has the capabilities to help clients such as the U.S. federal government meet its green initiative goals,” said George Bevan, president of Shaw’s Environmental & Infrastructure Group. “Shaw’s continued investment in environmental, infrastructure and energy initiatives will support our clients as they look to achieve sustainability through guidelines such as those outlined in the Recovery Act.”

Shaw is one of multiple firms selected to compete on task orders with a maximum contract value of $500 million through 2014, if all options are exercised. The amount to be booked to Shaw’s Environmental & Infrastructure segment’s second quarter fiscal year 2010 backlog of unfilled orders was undisclosed.

The period of performance for this blanket purchase agreement will be no longer than five years, consisting of a maximum one-year base period, two one-year option periods and the ability to earn up to two one-year option periods.

Source: http://www.shawgrp.com

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