NV5 Awarded $13 Million in North Carolina Department of Transportation Contracts
December 14 2020 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, announced today that it has been awarded $13 million in
contracts by the North Carolina Department of Transportation
(NCDOT) to provide inspection services and feasibility studies.
Both contracts have a two-year duration and will support NCDOT
transportation projects throughout the state.
“NV5 has supported NCDOT in meeting the transportation needs of
North Carolina’s rapidly growing population for more than 25
years,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We are
pleased to be awarded these new contracts, evidencing NCDOT’s
confidence in our relationship.”
Within the scope of the $10 million Construction Engineering and
Inspection contract, NV5’s engineers and technicians will perform
construction contract administration, inspection, materials
sampling, materials testing, documentation, and claims avoidance
for various NCDOT projects. Under the $3 million
Feasibility Studies contract, NV5 will provide express design
evaluation, project scoping reports, and feasibility studies that
serve as the initial step in the planning and design process for
NCDOT transportation projects.
“We have served as a long-term, trusted consultant on
transportation projects throughout North Carolina, and these awards
are validation of the added value we provide in our support of
NCDOT,” said Jill Heath, LEED AP, Executive Vice President at
NV5.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
leading provider of compliance, technology, and engineering
consulting solutions for public and private sector clients
supporting infrastructure, utility, and building assets and
systems. The Company primarily focuses on six business verticals:
testing, inspection & consulting, infrastructure support
services, utility services, buildings & program management,
environmental health sciences, and geospatial technology services.
NV5 operates out of more than 100 offices nationwide and abroad.
For additional information, please visit the Company’s website at
www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook,
and Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024