EMCOR Group, Inc. Expands Its Supplier Management Program Through Its Facilities Knowledge Center
- Continues to “Deliver” for the United States Postal Service -
NORWALK, CT, March 18, 2008 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses globally announced that its Supplier Management Program has been expanded through the Company’s Facilities Knowledge Center (FKC). Highlighting EMCOR’s Supplier Management Program is its 10-year contract with the United States Postal Service (USPS). Now in its third year, the contract has expanded from a pilot program, which initially included 8,700 sites in 4 states to a nation-wide contract covering all USPS locations-- nearly 32,000.
EMCOR’s Supplier Management Program is managed through the Company’s Facilities Knowledge Center (FKC), a technical services center that employs online, real-time facilities management tools and technology to maintain and improve client building operations, significantly reduce costs, and increase efficiency across one or thousands of client locations nationally. Supplier Management allows our clients to leverage either EMCOR’s technician base or our vast supplier network to fulfill a service call. The FKC--which operates 24/7/365--processes routine, emergency and other work order requests; dispatches maintenance technicians, and project work; and maintains a centralized database of service call responses, work orders, and other data. Using this information, the FKC benchmarks client facilities management performance against industry-leading databases of best-in-class buildings and facilities, which enables EMCOR to work with clients to pinpoint specific areas for improving operations.
Under the terms of the USPS contract, the FKC supports requests from USPS offices across a broad range of services, including electrical, plumbing and heat, ventilation and air conditioning (HVAC), fire and life safety, and security system repairs and alteration work.
“The United States Postal Service is one of our marquee clients and based on the success of EMCOR’s Supplier Management Program, we anticipate that the USPS can look forward to further productivity with the expansion of the services we are now providing,” said Frank T. MacInnis, Chairman and CEO of EMCOR. “We are proud of the work we are doing for the Postal Service and we look forward to extending our Supplier Management services to other clients.”
The FKC’s Supplier Management Program lowers client facilities management costs by standardizing systems, leveraging its influence, and aggregating spending with its national supplier base to negotiate favorable rates. It provides invoice reconciliation and payment as well as collection and analysis of spending trends, while realizing significant productivity gains, enabling clients to make more effective management decisions regarding cost containment and facility productivity.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.9 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR represents a rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 29,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America’s “Most Admired” and “Best Performing.” EMCOR’s diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company’s strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management’s perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR’s services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR’s business are also discussed in the Company’s 2007 Form 10-K, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
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