1 September 2008 – A US$£50 million turnkey rural electrification project has been awarded to a 13-employee engineering company based in Illinois. They will procure equipment and services from US suppliers as part of the loan agreement with the Export-Import Bank of the United States (Ex-Im Bank).
Weldy-Lamont Association Inc won Phase Four of the Self Help Electrification Project contract based on their successful performance in phase three. They will provide procurement, engineering, installation and management services.
“Not only is Weldy-Lamont Associates a small business, but it won this substantial contract based on its performance on the earlier contract,” said chairman and president of Ex-Im Bank, James H. Lambright. “This follow-on business is a tremendous endorsement of both the value and quality of goods and services provided by American exporters.”
“We’ll be contracting with U.S. suppliers from the Midwest to California to Florida to Georgia,” said Patrick J. Hennelly, Weldy-Lamont President. “This five-year project is going to help them immensely because normally they are suppliers to the housing industry, which is in a slump. This will help manufacturers avoid layoffs.”
Approximately 45% of the contract price will go to procurement from small businesses.