City of Centennial, Colorado, Renews Jacobs' Contract for Critical Infrastructure Services

Rhea-AI Summary

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.

Positive

• Secured long-term 15-year contract renewal, ensuring stable revenue stream
• Expands existing 17-year relationship with proven track record
• Serves substantial market of 110,000 residents
• Strategic involvement in future-ready infrastructure initiatives through PA Consulting
• Received reaccreditation from American Public Works Association, validating service quality

Negative

• Exposure to municipal budget constraints and political changes
• Subject to inflation and interest rate risks affecting project costs
• Potential challenges in adapting to rapidly evolving technological requirements

Insights

Infrastructure and Government Contracts Specialist

Jacobs secures 15-year infrastructure contract renewal with Centennial, extending stable revenue stream and building on 17-year partnership.

Jacobs' 15-year contract renewal with Centennial represents a significant win that reinforces the company's position in the municipal infrastructure services market. The agreement extends a 17-year partnership that has clearly delivered value to the city's 110,000 residents. This type of long-duration municipal contract provides predictable revenue streams that investors typically value for stability.

The scope is comprehensive, covering public works, traffic engineering, street rehabilitation, code enforcement, facilities management, and a 2,800-light streetlight program. While the financial terms aren't disclosed, municipal contracts of this nature and duration typically represent material recurring revenue for infrastructure service providers.

What's particularly notable is Jacobs' evolution from basic infrastructure maintenance to delivering smart city initiatives and intelligent transportation systems. 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. This model of public-private partnership provides a template Jacobs can replicate across its municipal client base.

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.

Long-term agreement to power intelligent transportation systems and build future-ready city infrastructure

DALLAS, Aug. 28, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was awarded a 15-year contract renewal from the City of Centennial, Colorado, to continue delivering vital public works services that enhance safety and livability for more than 110,000 residents.

Under the agreement, Jacobs will maintain oversight of critical city infrastructure services, including operations related to public works, traffic engineering, street rehabilitation, code enforcement, facilities management and the city's 2,800-light streetlight program.

"The agreement builds on Jacobs' 17-year legacy of delivering innovative solutions for the city and will help shape a more resilient and adaptable infrastructure system," said Executive Vice President Greg Fischer. "Our extensive experience serving the city enables us to anticipate evolving needs while staying aligned with the community's priorities. Together, we've established a model public-private partnership built on a unified, shared vision for the future."

Jacobs will play a key role in advancing the city's strategic vision, using PA Consulting to promote Centennial's goals to be future-ready. The initiative will focus on strengthening transportation and digital infrastructure — including streamlined traffic operations and preparation of the city's intelligent transportation system — to drive connectivity between I-25 corridor businesses and Centennial City Park, improve accessibility, enable real-time traffic management and prepare for the adoption of autonomous equipment.

"Centennial's partnership with Jacobs has been a cornerstone of our ability to deliver reliable, high-quality services for our residents," said Centennial Mayor Stephanie Piko. "Together, we are investing in smarter infrastructure, safer streets and more connected neighborhoods — all essential to keeping Centennial a vibrant, forward-looking community."

Since 2008, Jacobs has modernized Centennial's infrastructure and advanced smart city initiatives. The Centennial Public Works Department's recent reaccreditation from the American Public Works Association underscores the ongoing success of this nationally recognized collaboration for methods of delivering high-quality services.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Jacobs and PA Consulting work end-to-end across the whole project lifecycle. Jacobs holds a 65% stake in PA Consulting, with the remaining 35% held by PA employees. Both Jacobs and PA operate as separate entities, each responsible for serving clients independently. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the new tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
media@jacobs.com 

 

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SOURCE Jacobs

FAQ

What is the duration and scope of Jacobs' new contract with Centennial, Colorado?

Jacobs secured a 15-year contract renewal to oversee critical infrastructure services including public works, traffic engineering, street rehabilitation, code enforcement, facilities management, and the city's 2,800-light streetlight program.

How many residents will benefit from Jacobs' infrastructure services in Centennial?

The contract will serve more than 110,000 residents in the City of Centennial, Colorado.

What role will PA Consulting play in Jacobs' Centennial contract?

PA Consulting will help advance Centennial's future-ready initiatives by strengthening transportation and digital infrastructure, improving connectivity, and preparing for autonomous equipment adoption.

How long has Jacobs been working with the City of Centennial?

Jacobs has been partnering with the City of Centennial for 17 years, modernizing infrastructure and advancing smart city initiatives since 2008.

What recognition has the Centennial Public Works Department received?

The department recently received reaccreditation from the American Public Works Association, highlighting the success of this nationally recognized public-private collaboration.