Versar, Inc. awarded $21m option for Iraq
08 May 2008 (AME Info FZ LLC)
Versar, Inc. announced an award of an additional $21 million. This is the second option year of its existing contract to provide professional management services for approximately 400 personnel involved in construction management for the Army’s rebuilding efforts in Iraq.
This increases Versar’s total contract value to over $57.8m or 44% higher than originally budgeted. All work under this delivery order will be completed by April 2009.
Dr. Ted Prociv, Versar’s President and CEO, stated, “This award by the U.S. Army Corps of Engineers reflects the outstanding performance by Versar’s international division, VIAP, in Iraq. Versar has demonstrated that our management approach, cost, and products are competitive in any market and our personnel are capable of excelling at any mission they are asked to accomplish.”