News: Brokerage

Tishman-AECOM joint venture wins $16 million construction/management contract

Tishman-AECOM, a joint-venture of Tishman Construction Corp. of D.C. and AECOM Technology Corp., have been awarded a $16 million federal contract. The "indefinite delivery/indefinite quantity" contract covers construction-management services for phase 1 of the U.S. Department of Homeland Security's (DHS) new headquarters at the former St. Elizabeths psychiatric hospital campus. Daniel Tishman, chairman and CEO of Tishman Construction, said, "Together, Tishman and AECOM have a range and depth of experience unlike any other team in the business, and we're looking forward to working with the GSA and DHS on what is one of the most important projects in our nation in the coming years." "AECOM is excited to manage this expansive, high-profile program in concert with our partners at Tishman Construction," said John Dionisio, AECOM president and CEO. "We look forward to partnering with Tishman to deliver a state-of-the-art, sustainable headquarters facility to DHS." The phase 1 construction program involves multiple, interdependent projects that Tishman-AECOM will manage, beginning with the new U.S. Coast Guard Headquarters building, parking structure, 80 megawatt co-generation plant, and infrastructure projects. The overall DHS headquarters consolidation is the largest current construction project in the U.S. and the largest federal project since construction of the Pentagon. All phases of the construction program, estimated to be $3 billion to $4 billion, are scheduled for completion during 2016.
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