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Bowman Awarded Multi-Year Contract by City of Montebello for On-Call Engineering Services

1. BWMN secures a $6 million contract with Montebello, CA for engineering services. 2. The deal could extend to $10 million over five years, enhancing revenue.

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$20.703/03 07:46 AM EDTLatest Updated
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FAQ

Why Bullish?

The contract significantly boosts BWMN's revenue potential, similar to past contracts that drove stock price up by 20%. Increased cash flow from public contracts typically enhances market confidence.

How important is it?

This deal directly impacts BWMN's revenue, indicating strong business growth potential, which is appealing to investors.

Why Long Term?

With optional extensions, this contract could stabilize revenue for the next five years, similar to previous agreements which resulted in sustained growth.

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RESTON, Va.--(BUSINESS WIRE)-- #BetterWithBowman--Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services firm, has been awarded a $6 million on-call design and engineering services contract with the City of Montebello, California. The three-year agreement will generate $2 million annually and includes two optional one-year extensions, creating the potential for a five-year partnership worth up to $10 million. Under the contract, Bowman will provide design and engineering services to support M.

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