Jacobs Receives Program Management Consultant Contract from the City of Reno

Business Wire, Nov 19, 2002

Business Editors

PASADENA, Calif.--(BUSINESS WIRE)--Nov. 19, 2002

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company received a contract to oversee the largest capital improvement project ever undertaken by the city of Reno, Nev.

Startup on this $268 million rail program began on September 13, 2002, with completion estimated for December 2005.

As program management consultant, Jacobs will oversee the project's design-build contractor on a depressed section of 2.1 miles of rail through Reno, Nevada. The project will place the Union Pacific Railroad main line more than 30 feet below grade as the rail passes through the downtown Reno area.

Jacobs will also perform oversight monitoring for quality, review design and traffic control plans, verify geotechnical report findings and recommendations, perform project controls and scheduling, and monitor the inspection work of the design-build general contractor.

In making the announcement, Jacobs Group Vice President Michael Higgins stated, "The city of Reno required a fast-track project to facilitate an aggressive construction startup schedule. We were able to get a contract in place in record time and provide oversight staff in Reno in just one week to meet the city's schedule. We look forward to working with the city on this important project."

Jacobs Engineering Group Inc. is one of the world's largest providers of technical professional services. With more than 30,000 people, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis filed as part of Exhibit 13 to the Company's 2001 Annual Report on Form 10-K.