NV5 Awarded $16 Million Contract for Combined Sewer Overflow Reduction by the New York City Department of Environmental Protection
July 27 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 awarded a $16 million
contract by the New York City Department of Environmental
Protection to provide construction management services for the
Bronx River Combined Sewer Overflow Reduction project.
“NV5 offers a broad array of engineering and technical services
to assist our clients with meeting their ESG and sustainable
infrastructure goals,” said Dickerson Wright, PE, Chairman &
CEO of NV5. “NV5 has been a pioneer in sustainable infrastructure,
including contributing to the Institute for Sustainable
Infrastructure’s ENVISION rating system, and we are pleased to
assist the City with this important infrastructure
improvement.”
Under this contract, NV5 will perform resident engineering, not
at risk construction management, and engineering support services
for the installation of a parallel relief sewer constructed by
microtunneling. The new sewer and associated regulator chamber will
direct flow away from combined sewer overflow outlets along the
Bronx River towards the Hunts Point Wastewater Resource Recovery
Facility. This will support the New York City Department of
Environmental Protection’s mission “to enrich the environment and
protect public health for all New Yorkers by providing high quality
drinking water, managing wastewater and stormwater, and reducing
air, noise, and hazardous materials pollution.”
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 & technology, environmental health sciences, and
geospatial 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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