Willdan Wins $76 Million Design-Build Contract in Colorado
March 11 2021 - 4:20PM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) today announced that Pueblo
County School District 70 (Pueblo D70) has selected Willdan as the
design-build lead for facility improvements totaling up to $76
million. This is a progressive design-build contract that will be
paid as a series of fees and executed amendments. Pueblo D70 has
committed a first fee of $1.4 million to pay for design and
pre-construction work up until the execution of the first
amendment. Willdan will provide engineering and construction
management to update 19 schools and four district buildings.
Willdan helped the Pueblo D70 secure a BEST grant and a
voter-approved bond measure which will be used to fund these latest
upgrades. A majority of the funds will go toward major mechanical,
electrical, and plumbing upgrades, and $6.3 million will be devoted
to infection control, COVID-19 mitigation measures, and
districtwide security upgrades.
These projects are scheduled to begin in the summer of 2021.
Scopes of work include minor to major sitework on parking lots,
sidewalks, and drainage; roof replacements and repairs; new windows
and doors; and classroom remodels and improvements such as new
ceilings or flooring.
“The District took an important step when we created a facility
master plan together,” said Tom Brisbin, Willdan’s CEO and
Chairman. “We’re pleased to be here now, turning that plan into
real projects that will benefit local students and teachers for
years to come.”
Willdan began working with Pueblo D70 in 2016 to support the
development of a district-wide, 15-year master plan. In 2018,
Willdan delivered energy-efficient upgrades to fund core
infrastructure needs for the district through an energy performance
contract.
About Pueblo County School District 70
Pueblo County School District 70 is located in Pueblo, Colorado.
It was consolidated from 34 smaller school districts in 1950 and is
the second largest (by geographical size) school district in the
state of Colorado. Pueblo D70 educates over 8,000 students from all
over Pueblo County. For more information, visit
https://www.district70.org/ or follow Pueblo D70 on Facebook.
About Willdan
Willdan is a nationwide provider of professional technical and
consulting services to utilities, government agencies, and private
industry. Willdan’s service offerings span a broad set of
complementary disciplines that include electric grid solutions,
energy efficiency and sustainability, engineering and planning, and
municipal financial consulting. For additional information, visit
Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical,
including statements regarding Willdan’s intentions, hopes,
beliefs, expectations, representations, projections, estimates,
plans, or predictions of the future are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements involve risks and
uncertainties including, but not limited to, the risk that Willdan
will not be able to reduce costs and preserve liquidity to maintain
its operations during the continuation of this pandemic nor be able
to resume its growth trajectory once pandemic-related restrictions
are lifted and the economy begins to recover. It is important to
note that Willdan’s actual results could differ materially from
those in any such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not
limited to, the ultimate impact of the COVID-19 pandemic on
Willdan’s results, prospects, and opportunities; Willdan’s ability
to adequately complete projects in a timely manner; Willdan’s
ability to compete successfully in the highly competitive energy
efficiency services market; changes in state, local, and regional
economies and government budgets; Willdan’s ability to win new
contracts, to renew existing contracts, and to compete effectively
for contract awards through bidding processes; and Willdan’s
ability to successfully integrate its acquisitions and execute on
its growth strategy. Willdan’s business could be affected by a
number of other factors, including the risk factors listed from
time to time in Willdan’s reports filed with the Securities and
Exchange Commission, including, but not limited to, the Annual
Report on Form 10-K filed for the year ended December 27, 2019 and
Quarterly Report on Form 10-Q filed for the quarter ended April 3,
2020. Willdan cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. Willdan
disclaims any obligation to, and does not undertake to, update or
revise any forward-looking statements in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210311005996/en/
Stacy McLaughlin Chief Financial Officer 714-940-6300
smclaughlin@willdan.com
Al Kaschalk VP Investor
Relations 310-922-5643 akaschalk@willdan.com
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