NV5 Awarded $27 Million by the California Department of Transportation District 6 for Not at Risk Construction Management Services
March 18 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 a three-year,
$27 million contract by the California Department of Transportation
(Caltrans) District 6 to provide construction management for not
at-risk services.
NV5 will deliver construction inspection, office engineering,
claims support, and constructability support services for
transportation projects within Caltrans District 6, serving Fresno,
Kern, Kings, Madera, and Tulare counties. NV5 will support Caltrans
with pavement rehabilitation projects on Interstate 5, highway
widenings, the establishment of new interchanges on State Route 99,
and other non-scheduled projects as they occur.
“NV5’s work with Caltrans in District 6 will support NV5’s
accelerated organic growth in the infrastructure sector and
underscores our commitment to delivering value and innovation to
support infrastructure sustainability, reliability, and safety,”
said Dickerson Wright, PE, Executive Chairman of NV5.
“We take great pride in our many years of ongoing services to
support Caltrans,” said Todd George, PE, COO at NV5. “We look
forward to leveraging our expertise to advance vital transportation
projects that positively impact the communities we serve.”
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 www.NV5.com. 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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