STOCK TITAN

Bowman Awarded Contract from ADOT for ASU Tempe Pedestrian Grade Separated Crossing

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Bowman Consulting Group has been awarded a contract by the Arizona Department of Transportation (ADOT) to provide engineering and oversight services for a pedestrian and bicycle grade separation project at ASU Tempe campus. Bowman will lead the project in collaboration with Jacobs and SmithGroup, focusing on utility relocation, public art integration, and cost estimates. The project aims to connect Downtown Tempe, the Tempe Transportation Center, and ASU's sporting venues to the campus center. This is Bowman's first major contract with ADOT, marking its strategic expansion into the Western U.S. public works and transportation markets. Construction is expected to start in late 2025.

Positive
  • Bowman awarded a significant contract by ADOT, demonstrating industry trust.
  • First major contract with ADOT, marking Bowman's strategic expansion into the Western U.S. market.
  • Partnership with notable firms like Jacobs and SmithGroup enhances project credibility.
  • Project includes innovative elements like public art, architectural lighting, and landscaping.
  • Bowman to provide advanced utility relocation and 360-degree renderings, showcasing technical expertise.
Negative
  • Project commencement is not until late 2025, indicating a long lead time before potential revenue realization.
  • No specific financial details of the contract provided, leaving uncertainty about its impact on Bowman's revenue.
  • The project involves coordination with multiple stakeholders, which could lead to potential delays and increased complexity.

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has been selected by the Arizona Department of Transportation (ADOT) to provide engineering and oversight services related to the construction of pedestrian and bicycle grade separation at Arizona State University’s (ASU) Tempe campus.

Bowman, serving as the prime engineering contractor, will lead the project in collaboration with Jacobs and SmithGroup. The Company will develop an advanced utility relocation (AUR) plan, coordinate public art integration and develop alternative alignments, preliminary cost estimates and 360-degree renderings while engaging the public and key area stakeholders throughout the project.

“Bowman is deeply familiar with ASU and Tempe, and we understand how this project benefits students, faculty and community members,” said Jay Yenerich, transportation market leader at Bowman. “We are honored to be a part of this initiative and look forward to working with ADOT, the City of Tempe, ASU and the Tempe community to bring this consequential project to life.”

Located at College Avenue and University Drive, the project will involve the construction of pedestrian and bicycle grade separation linking Downtown Tempe, the Tempe Transportation Center and ASU’s sporting venues directly to the center of the ASU campus. Additional components of the project may include a terraced plaza, public art installation, architectural lighting and landscaping.

The ADOT project marks Bowman’s first major contract with ADOT, demonstrating the Company’s strategic expansion into the public works and transportation markets in the Western United States.

Additional project subconsultants include Delta Star Quality Contracting, Lokahi, Ethos Engineering, Central Creative and Specialized Services Company. Construction of the pedestrian and bicycle grade separation project is anticipated to commence in late 2025.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment With over 2,100 employees in over 90 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

Christina Nichols

cnichols@bowman.com

Source: Bowman Consulting

FAQ

What contract did Bowman receive from ADOT?

Bowman received a contract from ADOT to provide engineering and oversight services for a pedestrian and bicycle grade separation project at ASU Tempe campus.

When will the construction for Bowman's ADOT project at ASU Tempe begin?

Construction for Bowman's ADOT project at ASU Tempe is anticipated to commence in late 2025.

Who are Bowman's partners in the ADOT project at ASU Tempe?

Bowman is partnering with Jacobs and SmithGroup for the ADOT project at ASU Tempe.

What are some features of the ASU Tempe pedestrian and bicycle grade separation project?

Features of the ASU Tempe project include pedestrian and bicycle grade separation, public art installation, architectural lighting, and landscaping.

Is this Bowman's first major contract with ADOT?

Yes, this is Bowman's first major contract with ADOT, marking its expansion into the Western U.S. public works and transportation markets.

Bowman Consulting Group Ltd.

NASDAQ:BWMN

BWMN Rankings

BWMN Latest News

BWMN Stock Data

606.67M
17.67M
18.48%
53.76%
2.73%
Administrative Management and General Management Consulting Services
Professional, Scientific, and Technical Services
Link
United States of America
RESTON