Jacobs / B&V, A Joint Venture (Federal Services)

Jacobs / B&V, A Joint Venture (Federal Services), a partnership between Jacobs Engineering Group and Black & Veatch headquartered in Arlington, Virginia, delivers architectural, engineering, and military construction services to the Department of Defense as a prime contractor (94% of recent awards) competing on a full-and-open basis with no SBA set-aside posture. The joint venture operates as a child entity under parent Jacobs Engineering Group and holds a single dominant parent vehicle: a $170 million Indefinite Delivery/Indefinite Quantity contract (N62478-20-D-5036) with Naval Facilities Engineering Command spanning the Pacific region.

The vendor's customer concentration is extreme and single-threaded. Naval Facilities Engineering Command accounts for 24 awards totaling $679.8 million in combined potential value—97% of the joint venture's total federal footprint. The next-largest customer, Defense Logistics Agency Energy, carries only $8.3 million across eight awards; Navy Installations Command follows at $8 million across nine awards. This concentration reflects the joint venture's role as NAVFAC's primary architectural-engineering vehicle for military infrastructure modernization across Hawaii, Guam, and Wake Island. The top parent vehicle, IDIQ N62478-20-D-5036, anchors 44 of 48 total awards at $199.7 million in combined potential value—a near-complete reliance on a single contract line.

Capability is narrowly scoped to military facility design, engineering assessment, and construction support. Representative work includes a $43 million delivery order for bulk fuel storage and distribution offshore mooring infrastructure at Wake Island Airfield (September 2024) with design, engineering, environmental permitting, hydrographic surveying, and construction management; a $25.8 million delivery order for Defense of Guam Enhanced Integrated Air and Missile Defense system development (March 2023); an $8.1 million delivery order for airfield pavement upgrades design-bid-build package at Barking Sands, Hawaii (August 2023); and a $7.2 million delivery order for waterfront project team space renovation at Pearl Harbor Naval Shipyard (September 2023). Most recent award is a $1.4 million delivery order for fleet communications transmitter building at Lualualei, Oahu, Hawaii (June 2026). Work is performed across Pacific installations, with administrative oversight from Arlington, Virginia.

Activity trajectory has deteriorated sharply. Awards per year peaked at 20 in 2023, dropped to seven in 2024, four in 2025, and one year-to-date in 2026. The recompete cliff is material: eleven awards totaling $63.6 million in combined potential value reach ultimate completion within the next twenty-four months, creating exposure on a vendor whose overall volume has contracted 95% from the 2023 peak. Combined potential value across all awards stands at $699.7 million, but only $198.8 million (28%) is obligated, indicating significant funding pipeline risk.

Subcontract footprint is minimal. The vendor subcontracts to Oregon State University on three small-dollar SERDP (Strategic Environmental Research and Development Program) environmental sampling awards (2024–2025). On prime work, Jacobs / B&V regularly engages small and disadvantaged business subs—J. UNO & Associates, Inc. (Hawaii-based minority-owned cost estimating and engineering), Myounghee Noh & Associates LLC (woman-owned environmental consulting), Controlpoint Surveying Inc. (Asian-Pacific American minority-owned surveying), Alliance Consulting Group Inc. (SDVOSB and VOSB certified cost engineering), Masa Fujioka & Associates (small business geotechnical and surveying), Simpson Gumpertz & Heger Inc. (engineering services), Enterprise Engineering Inc. (petroleum, oil, and lubricant infrastructure), and Fugro USA Land Inc. (bathymetry and hydrographic surveying). Subcontractor engagement appears consistent with federal incentive structures rather than strategic partnership.

The portfolio is concentrated in two NAICS categories: 54 awards under Engineering Services and three under Research and Development in Physical, Engineering, and Life Sciences, with PSC codes clustering around Architect and Engineering General (35 awards) and Architect and Engineering Construction for Missile System Facilities (nine awards). The single-parent-vehicle, single-customer-dominant structure creates acute recompete risk; the 2026 activity cliff signals either portfolio transition not yet visible in awarded contracts or competitive displacement on NAVFAC's architectural-engineering IDIQ renewals.