ICF Wins Contract with Total Potential Value of up to $9.1 million to Help European Commission Stimu
ICF Wins Contract with Total Potential Value of up to $9.1 million to Help European Commission Stimulate Employment
FAIRFAX, Va.--(BUSINESS WIRE)-- ICF International (NAS: ICFI) , a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded a new contract to establish the European Employment Policy Observatory (EEPO). The one-year contract, awarded to London-based ICF GHK, has a value of up to $2.3 million over 12 months and can be extended for a further three years, with a total potential value of up to $9.1 million.
In setting up the EEPO, ICF GHK will:
- establish and manage a network of experts across Europe who will offer in-depth knowledge and expertise on labor market skills and employment issues, country specific conditions and policy and program interventions to stimulate jobs and reduce unemployment.
- coordinate the preparation of a series of analytical reports on key labor market issues to help inform policy making and practice.
- develop and implement a communication strategy to optimize the distribution and dissemination of emerging evidence.
Eleanor Breen, vice president for ICF International, added: "We are delighted to have the opportunity to set up the European Employment Policy Observatory. It will play a key role in providing labor market intelligence to support the European Commission and European nations in the effective design and delivery of policies to stimulate job growth, reduce unemployment and assist jobseekers into sustainable employment."
Jeanne Townend, executive vice president for ICF International said: "We are honored to have been selected to carry out such important and meaningful work for the European Commission and look forward to playing our part in helping to support employment growth across Europe."
The EEPO provides country specific policy assessment and thematic monitoring at the European Union level linked to the goals of the European Employment Strategy. It also supports the creation of evidence based policy making on employment and labor mobility, and supports monitoring and evaluating practices of employment services, including their assessment of return on investment.
About ICF International
ICF International (NAS: ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy, environment, and infrastructure; health, social programs, and consumer/financial; and public safety and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program lifecycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 4,500 employees serve these clients from more than 60 offices worldwide. ICF's website is http://www.icfi.com.
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern ICF's current expectations about its future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; ICF's particular business, including its dependence on contracts with U.S. federal government agencies; and its ability to acquire and successfully integrate businesses. These and other factors that could cause ICF's actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of ICF's securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and ICF specifically disclaims any obligation to update these statements in the future.
KEYWORDS: United Kingdom United States Europe North America Virginia
The article ICF Wins Contract with Total Potential Value of up to $9.1 million to Help European Commission Stimulate Employment originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.