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Bowman Awarded Construction Oversight Contract by City of Wenatchee

1. Bowman Consulting awarded $1.5 million contract for bridge oversight in Wenatchee. 2. Successful prior work strengthens Bowman's position and project credibility.

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Why Bullish?

The contract increase reflects growing demand for Bowman's services, showcasing their project reliability. Historical trends suggest that contract wins often lead to positive price movements for similar firms.

How important is it?

The news on a sizable contract enhances BWMN's market position, potentially attracting investor interest in the short term.

Why Short Term?

The immediate financial implications of the $1.5 million contract can positively influence BWMN's stock in the near term as revenues will increase.

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RESTON, Va.--(BUSINESS WIRE)-- #BetterWithBowman--Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services firm, has been awarded a $1.5 million supplemental contract for construction oversight of bike and pedestrian bridges by City of Wenatchee, Washington. The contract supplement follows Bowman's successful completion of earlier stage environmental permitting and design work. As part of the construction oversight assignment, Bowman will serve as the engineer of record, providing public outrea.

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