The contractor will carry out the second phase of a flood alleviation project in Almondbank.
The development involves creating a series of flood defences along the River Almond and the East Pow Burn, as well as a temporary flood storage area on the playing fields next to Main Street.
The works are to begin later this month and completion is scheduled for Spring 2018.
Cllr Alan Grant said: "Perth and Kinross' extensive river networks makes flooding a significant issue for the area. However, we also have extensive experience and evidence to show the positive impact flood mitigation schemes can have on reducing the risk that flooding presents to homeowners and businesses.
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"I welcome the news that the next phase of work to protect areas at risk of flooding in Almondbank will soon be underway, and I am sure that this will offer reassurances to local residents and businesses alike."
Hector Macaulay, Balfour Beatty Regional Managing Director in Scotland, added: "With over 20 years' experience in leading extremely challenging flood and coastal defence schemes, and 13 projects in our current armour, we will apply this knowledge and innovation to deliver an efficient scheme which supports the local economy and first and foremost, protects residents' homes and businesses."
Balfour Beatty was awarded the contract through the Scape Group Civil Engineering and Infrastructure Framework.
(LM/MH)
