NV5 Awarded $9 Million in Transportation Infrastructure Improvement Contracts
February 07 2023 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it has been selected for $9 million
in significant contract awards to support transportation
infrastructure improvement projects throughout the United States.
NV5 will provide an array of services to support these projects,
including engineering design, surveying, utility engineering and
planning, and inspection services.
“NV5’s embedded relationships with departments of transportation
and municipalities allow us to make a meaningful impact on
essential transportation that improves the quality of life and
economic development of the communities we serve,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “The non-discretionary nature
of infrastructure improvements and maintenance drives public sector
investment during good and bad economic times, and we look forward
to our continued role in supporting the nation’s transportation
systems.”
NV5 was awarded $4 million in New York State transportation
projects. The New York State Department of Transportation (NYSDOT)
selected NV5 to provide inspection services for a priority
resurfacing project in NYSDOT’s Region 10. The New York City
Department of Design and Construction selected NV5 to provide
preliminary and final design services for roadway improvements in
Queens, and the Suffolk County Department of Public Works selected
NV5 to deliver engineering design for the Nicolls Road Corridor
Multi-Use Path in the towns of Islip and Brookhaven.
In the County of Merced, California, NV5 was awarded a $2.5
million contract to provide not-at-risk construction management and
staff-augmentation. NV5 has provided construction management
services for Merced County on multiple on-call and turn-key
projects for nine years.
NV5 was awarded $2.5 million in roadway improvement projects in
the Southeast. Henry County, Georgia selected NV5 to provide
engineering design and surveying for a 2.4-mile roadway widening,
and NV5 was awarded a contract by the North Carolina Department of
Transportation to provide planning, design, and traffic services
for the new U-5901 roadway in Salisbury, North Carolina.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & owner representation, 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.
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