SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

September 23, 2014 16:05 ET

NV5 Selected by the City of Bakersfield to Manage the $104 Million Beltway Operational Improvement Project

HOLLYWOOD, FL--(Marketwired - Sep 23, 2014) -  NV5 Holdings, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, was selected by the City of Bakersfield, California to manage the construction of the $104 million Beltway Operational Improvement Project. The construction management services contract to be awarded to NV5 is estimated at approximately $10 million. 

The project constructs a new grade separation structure and braided ramps at the State Route 58/99 freeway-to-freeway interchange, widens several existing bridges, modifies several adjacent interchanges, and adds new auxiliary lanes to both freeways. Miles of sound walls and retaining walls will also be constructed along the freeways as a part of the project. 

"This is the seventh program management contract issued to NV5 by the City of Bakersfield over the last six years, and once again reflects the long and successful relationship NV5 has enjoyed with this valued client," said Dickerson Wright, Chairman and CEO of NV5.

The project will be administered under the Thomas Roads Improvement Program. NV5's work on the project is scheduled to begin in late October 2014 and is expected to extend through 2016. 

About NV5

NV5 Holdings, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, energy, program management and environmental solutions. The Company operates 26 offices in California, Colorado, Utah, Florida, Pennsylvania and New Jersey and is headquartered in Hollywood, Florida. 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 herein. Such factors include, but are not limited to: (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.

Contact Information

  • Contacts:

    NV5 Holdings, Inc.
    Richard Tong
    Tel: +1-954-495-2114

    - OR -

    The Piacente Group | Investor Relations
    Don Markley or Glenn Garmont
    Tel: +1-212-481-2050
    Email: nv5@tpg-ir.com