SOURCE: NV5 Global, Inc.

NV5 Global, Inc.

February 29, 2016 08:08 ET

NV5 Wins $4.3 Million Project Management Contract for University of Kansas Hospital Expansion

HOLLYWOOD, FL--(Marketwired - February 29, 2016) -  NV5 Global, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that its contract was extended to provide comprehensive Project Management Services for the Vertical Expansion of The University of Kansas Hospital's Cambridge Tower. NV5 has been working with the Hospital as the Program Management Team for the Cambridge Tower since planning began for this expansion to the Hospital's campus, located in Kansas City, Kansas, in 2011.

The Vertical Expansion's 177,000 square foot, four floor expansion is scheduled to be finished in 2018. One new floor of the expansion will be immediately prepared for patient occupancy, adding 32 acute care beds. The other three floors will be shelled for future expansion as either acute care or intensive care patient rooms. NV5 has provided broad scope Owner's representative services to the Hospital beginning with Facilities Master Planning, which continued throughout the programming, design and construction phases of the project. In support of the Vertical Expansion, NV5's fees were increased by $640,000, to a total of approximately $4.3 million.

Dickerson Wright, PE, Chairman and CEO of NV5, said, "We are pleased that we continue to win repeat work for large-scale state-of-the-art healthcare facilities projects, in this case, for the expansion of one of the leading hospitals in the United States."

John Bills, LEED AP, COO of Building Program Management at NV5, added, "Continued work with long-term clients is a core focus for our team. This is a testament to our amazing team and their great work."

"Over the course of several major projects, it has been our privilege to serve The University of Kansas Hospital in the management and development of world class healthcare facilities," said Mark Tasker, RA, Project Director. "We are supporting the organization's mission of providing world class healthcare to the community it serves. We relish the opportunity to continue that record of success with the Cambridge Tower Vertical Expansion."

About the University of Kansas Hospital
Originally founded in 1906 as part of the University of Kansas School of Medicine, the University of Kansas Hospital became an independent hospital authority in 1998, and has operated independently, with no state funding, since that time. It has evolved into a destination academic medical center sought by patients and top medical professionals from around the country as the region's premier academic medical center. The Hospital provides more than 200 medical specialties and services at its main campus in Kansas City and other sites throughout Kansas. In 2015, the Hospital was ranked in the top 50 hospitals in the nation in every category by the U.S. News and World Report, was ranked first in service quality by consumers in the National Research Corporation Consumer Choice Awards, and in 2010 the Hospital received six Beacon Awards for Critical Care Excellence and the American Nurses Association's Award for Outstanding Nursing Quality.

About NV5
NV5 Global, 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, engineering and support services, energy, program management, and environmental solutions. The Company operates 53 offices in 21 states nationwide, 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 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.

Contact Information

  • Contact
    NV5 Global, Inc. 
    Lauren Wright, PhD
    Director of Investor Relations
    Tel: +1-408-392-7233
    Email: ir@nv5.com