NV5 Awarded $18 Million by the California Department of Transportation for Construction Management Services
March 04 2024 - 7:00AM
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,
$18 million contract by the California Department of Transportation
(Caltrans).
Under the three-year contract, NV5 will provide construction
management not at-risk services, including on-call construction
inspection, office engineering, claims resolution, and
constructability support services for transportation projects
within Caltrans District 9.
“Caltrans is an excellent example of how NV5’s national
department of transportation growth initiative positions us to
drive organic growth in the infrastructure sector and deliver
high-quality infrastructure solutions to improve the communities we
serve,” said Dickerson Wright, PE, Executive Chairman of NV5. “We
look forward to continuing our collaboration with Caltrans to
enhance the mobility and quality of life for the travelling
public in District 9.”
“NV5 has provided services to Caltrans for many years,” said
Todd George, PE, COO of Infrastructure West at NV5. “We are proud
of our long-standing relationship and appreciate the opportunity to
continue supporting projects throughout District 9.”
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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