NV5 Awarded $10 Million in Contracts to Support County of San Diego Infrastructure Improvements
January 09 2024 - 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 contracts
totaling $10 million to support infrastructure construction
projects in the County of San Diego.
NV5 was awarded $5 million to provide construction inspection,
construction quality assurance, and contract administration for
various vital infrastructure projects throughout the county. These
projects include road construction, wastewater facility
improvements, traffic signal installations, sidewalk and road
enhancements, culvert replacements, and Green Streets Projects. The
initial contract duration is one year, with the provision for four
additional one-year extensions.
Additionally, the County of San Diego Department of Public Works
Construction Engineering Section selected NV5 for a $5 million
professional construction management services contract. The
contract duration is one year with the opportunity for four
one-year extensions. Infrastructure improvements covered under the
scope of this contract include roads, bridges, airports, drainage,
and wastewater facilities.
"We have supported infrastructure improvements and enhancements
in San Diego County for over 30 years. These contract wins
underscore our dedication to supporting sustainable growth and
development in the communities that we serve, and we look forward
to continuing our relationship with the county,” said Dickerson
Wright, PE, Chairman and CEO of NV5.
About NV5
NV5 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. Also
visit the Company on Twitter, LinkedIn, Facebook,
and Vimeo.
Forward-Looking Statements
This 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 Contact
NV5 Global, Inc.Jack CochranVice President, Marketing &
Investor RelationsTel: +1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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