Firm Wins Two Contracts Worth Up to $98 Million
BY BRAD GRAVES
San Diego-based Project Resources Inc. has the potential to make $98 million in revenues over the next five years from two federal contracts announced this month.
The U.S. Environmental Protection Agency awarded the company a $48 million contract to clean up hazardous materials.
Project Resources agreed to coordinate a rapid response to terrorist incidents, weapons of mass destruction, and nuclear, biological or chemical incidents.
The company may also mount a response to natural disasters and man-made hazardous material incidents, like oil spills.
The company applied for the work before the Sept. 11 terrorist attacks, said company President Frank J. Loscavio.
The contract covers EPA Region 9, which takes in California, Arizona, Nevada, Hawaii, Guam and American Samoa.
With a staff of 195, Project Resources serves as a program manager for such cleanups, Loscavio said.
Subcontractors handle the work. Project Resources hires the subcontractors, manages resources, conducts client relations and handles finances, he said.
On contracts that require it, the company does design work for construction projects.
Project Resources also announced this month that it had received a $50 million design/build contract from the Army. The Army is rehabilitating facilities at its aging reserve centers, Loscavio said.
The contract, awarded by the Louisville District of the U.S. Army Corps of Engineers, covers building renovations, maintenance, repairs and demolition.
Project Resources meets federal guidelines as a small, disadvantaged, woman-owned business. CEO Shari Walden founded Project Resources in 1989.
The privately held company does not disclose its revenues.
Headquartered on Kearny Mesa, Project Resources has branch offices in Denver, Kansas City, Chicago, New York and Atlanta.