TORONTO, Dec. 18 /CNW Telbec/ - SNC-Lavalin ProFac Inc., a wholly owned
subsidiary of SNC-Lavalin, is pleased to announce that it has been awarded a
contract by The Standard Life Assurance Company of Canada to provide facility
management services for its investment real estate portfolio.
The five-year contract begins on January 1, 2008, with options for
SNC-Lavalin ProFac was selected by Standard Life to improve services,
optimize building operations and deliver cost-savings for its 70 facilities in
the Life Account real estate portfolio.
"Standard Life is a great partner, and we are delighted to be working
with them on this mandate," said Charlie Rate, President of SNC-Lavalin
ProFac. "We are confident that we will deliver the level of service expected
by both Standard Life and its tenants."
The new contract calls for SNC-Lavalin ProFac to take over the operations
and maintenance of approximately eight million square feet (about 800,000 m2)
of real estate.
"Following our RFP process, SNC-Lavalin ProFac was the obvious partner of
choice for us," said Gary Aggett, Vice-President, Real Estate Group for
Standard Life. "Their systems, processes and procedures provided us with the
peace-of-mind necessary to smoothly transition the servicing of our buildings
over to them."
SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction
groups in the world and a major player in the ownership of infrastructure, and
in the provision of operations and maintenance services. The SNC-Lavalin
companies have offices across Canada and in 34 other countries around the
world and are currently working in some 100 countries. www.snclavalin.com
For further information:
For further information: Media: Gillian MacCormack, Vice-President,
Public Relations, SNC-Lavalin Group Inc., (514) 393-8000, ext. 7354,
firstname.lastname@example.org; Investors: Denis Jasmin, Vice-President,
Investor Relations, SNC-Lavalin Group Inc., (514) 393-8000, ext. 7553,