A master services agreement is a standing contract that sets the main terms, responsibilities, pricing framework and processes for future work between two parties, allowing individual projects or orders to be added later without renegotiating core terms. For investors, it signals predictability and reduced legal friction around revenue streams and costs—like a subscription plan for services that makes future income and obligations easier to forecast and value.
environmental site assessmenttechnical
An environmental site assessment is an inspection and review that checks land and buildings for contamination, past hazardous uses, and risks like leaking storage or buried waste. Think of it as a home inspection for pollution: it reveals hidden cleanup needs or legal liabilities that could cost money or limit how a property can be used. Investors use these reports to estimate potential cleanup costs, legal exposure and how a property’s condition might affect future value or transactions.
stormwatertechnical
Rain or melted snow that runs off streets, parking lots, rooftops and other surfaces instead of soaking into the ground; it often collects oil, chemicals and sediment as it moves into drains, rivers and sewers. Investors care because managing that runoff can create ongoing costs, permit requirements, cleanup liabilities and reputational risk for property owners and businesses—think of it like a building’s gutter system that, if neglected, can cause expensive damage and regulatory trouble.
groundwater monitoringtechnical
Groundwater monitoring is the regular testing and measurement of water beneath the ground to track quality, contamination levels, and water table changes, much like checking a home’s basement for leaks. For investors it matters because results reveal environmental liabilities, cleanup needs, regulatory compliance and permit risks that can affect a company’s costs, operations and property value; clear monitoring reduces uncertainty and potential surprise expenses.
remedial investigationstechnical
Remedial investigations are formal studies that determine what contamination exists at a site, how far and deep it goes, and what risks it poses, and they guide the choice and scope of any cleanup work required by regulators. For investors, the findings signal likely costs, legal obligations, timing and operational limits—much like a detailed home inspection that reveals needed repairs, potential expenses and how those issues could change the property’s value.
remedial actionstechnical
Remedial actions are steps a company takes to fix problems, correct regulatory breaches, or repair unsafe or noncompliant conditions—think of them as patching a leak or repairing a broken safety switch. For investors, these actions matter because they indicate how management is addressing risks that can lead to fines, higher costs, production delays, or reputational damage; effective remedies can limit losses, while inadequate ones can signal ongoing risk.
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PASADENA, Calif.--(BUSINESS WIRE)--
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the City of Los Angeles Harbor Department has selected the company for a three-year master services agreement to provide environmental engineering and technical services for the Port of Los Angeles (POLA). POLA is the nation’s busiest seaport in the western Hemisphere and is undertaking a multi-year, $2.6 billion infrastructure investment program.
Tetra Tech scientists, engineers, and technical specialists will provide environmental site assessment and restoration services for sites across POLA’s 7,500 acres of land and 43 miles of waterfront. Our team will provide technical and regulatory support; conduct stormwater and groundwater monitoring and reporting, compliance assessments, remedial investigations, and advanced analyses; and plan, design, and implement remedial actions to restore impacted properties. Since 1993 Tetra Tech has provided continuous environmental engineering services to support POLA.
“Tetra Tech has provided environmental science and engineering solutions to support the Port of Los Angeles in its groundbreaking environmental initiatives and commitment to responsibly managing resources for more than 30 years,” said Roger Argus, Tetra Tech Chief Executive Officer. “We look forward to continuing to use our Leading with Science® approach to support POLA in facilitating global trade while protecting human health and the environment.”
About Tetra Tech
Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.
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 judgment as to what may occur in the future. However, Tetra Tech’s 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 "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
