NV5 Awarded $25 Million in Resident Inspection Services by the New York City Department of Design and Construction
August 23 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 extension to an existing resident engineering
inspection services contract by the New York City Department of
Design and Construction (“NYCDDC”). NV5 has also been issued a $9
million task order to provide resident engineering inspection
services for the reconstruction of Trinity Place in Lower
Manhattan. In addition to reconstruction of the roadway, the
project’s scope will include extensive upgrades to the City’s sewer
system and electric and gas infrastructure.
“We are proud of the relationship that we have built with the
NYCDDC and the unique value that we deliver to the Department,”
said Dickerson Wright, PE, Chairman and CEO of NV5. “Longstanding
relationships, like the one with NYCDDC, continue to be significant
drivers of organic growth throughout NV5.”
“We have developed a mutually beneficial relationship with
NYCDDC, our largest client in New York City, and NV5 will continue
to support the City’s focus on infrastructure improvements while
incorporating elements of sustainability and resiliency,” said
Joseph Menzer, PE, ENV SP, Director of Engineering at NV5.
“We are pleased that our resident engineering staff is
contributing to the safety, durability, and functionality of
projects that will improve the lives of residents and visitors
throughout New York City,” commented Liam Madden, Director of
Construction and Utility Services at NV5.
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, construction quality assurance,
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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