NV5 Awarded $10 Million in North Carolina Department of Transportation Infrastructure Contracts
July 24 2024 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, engineering, and environmental
consulting solutions, announced today that it has been awarded $10
million in contracts by the North Carolina Department of
Transportation (NCDOT) to advance key infrastructure projects
throughout the state.
“NV5’s DOT Growth Initiative was launched in 2023 to ensure that
our most highly qualified engineers and technical professionals are
in direct communication with our clients to provide unmatched
technical expertise,” said Dickerson Wright, PE, Executive Chairman
of NV5. “NV5 has supported NCDOT for over 25 years, and the
continued expansion of our relationship with NCDOT is a direct
result of our commitment to delivering high-quality solutions to
support North Carolina’s transportation infrastructure.”
NV5 was awarded a five-year, $4 million contract for the NCDOT
Rail Division’s Raleigh to Richmond (R2R) Roadway Design project.
NV5 will deliver roadway and drainage design, utility coordination,
and cost estimating services. This contract is partially funded by
the Federal Railroad Administration (FRA) Consolidated Rail
Infrastructure and Safety Improvements (CRISI) grant awarded to
NCDOT in 2022.
The NCDOT Western Region selected NV5 for a two-year, $4 million
contract to support transportation infrastructure development,
project plan reviews, and technical report creation. NV5 will also
serve as a general engineering consultant, reviewing engineering
designs to aid in infrastructure project delivery.
NV5 was also awarded a two-year, $2 million contract to support
the NCDOT Comprehensive Environmental Analysis Unit (EAU). This
project includes statewide natural environment studies, historic
architectural and landscape analyses, public involvement and
community studies, and archaeological investigations.
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 internationally. 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
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