SNC-Lavalin (TSX: SNC) is pleased to announce that, following an open and competitive process, it has been awarded a contract by AltaLink L.P. to provide engineering, procurement and construction (EPC) for portions of upcoming transmission infrastructure projects in Alberta.
Previous to this award, SNC-Lavalin was providing EPC services to AltaLink under a Master Services Agreement which was to expire on May 2, 2012. In May, 2011, AltaLink L.P. initiated a competitive process for a new contract. SNC-Lavalin was awarded a portion of the new contract following a successful Request For Proposal submission. An independent fairness advisor oversaw the process and reports that it was fair to all participants.
“We are proud to have successfully competed for this new contract,” said Patrick Lamarre, Executive Vice-President, SNC-Lavalin Group Inc., “and we are pleased to have been able to demonstrate value for money through our proposal. This further demonstrates that we have a competitive value proposition for all of our transmission and distribution clients and further strengthens our track record of delivery.”
The contract is to deliver EPC for transmission lines and substations over a five-year period based on project need assessments and permitting.
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