Stantec Inc. (STN) Awarded $30 Million Contract by U.S. General Services Administration
Stantec Inc. (NYSE: STN) awarded a major contract by the United States General Services Administration (GSA) to provide 3D laser scanning and surveying services for federal building projects across the country. The contract is worth US$30 million over the next five years of which Stantec is allotted 50% of the fee volume.
Stantec's surveying and mapping group has developed a particular specialty in 3D laser scanning, which involves using lasers to scan a building or scene and nearly instantly create 3D images that users can view from any angle. The firm has used the technology for reconstruction and renovation projects at such sites as Yankee Stadium, New York City's City Hall, a levee break in Fernley, Nevada, and the construction crane collapses in New York City and Miami in 2008. With this new contract, Stantec will help the GSA augment its existing building information modeling (BIM) program and further build a comprehensive database of federal facilities.
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