SOURCE: NV5 Global, Inc.

NV5 Global, Inc.

August 22, 2016 08:00 ET

NV5 Wins New $15 Million Contract With New York City Department of Design and Construction

HOLLYWOOD, FL --(Marketwired - August 22, 2016) - NV5 Global, Inc. (NASDAQ: NVEE) ("NV5" or the "Company"), a provider of professional and technical engineering and consulting solutions, announced today that it was selected by the New York City Department of Design and Construction (NYCDDC) to perform resident engineering services for infrastructure projects throughout the five boroughs of New York City for $15 million. The contract was won by the RBA/NV5 Construction Services Group in New York.

The Infrastructure engineers at RBA/NV5 will be providing all services required for the inspection, management, coordination, and administration of multiple simultaneous roadway and sewer and water main construction projects throughout New York City.

Liam Madden, Project Manager at NV5, elaborated, "Our Resident Engineering Services team will be working on projects that involve a multitude of tasks, including Full Depth roadway reconstruction, the milling and paving of roadways, sewer reconstruction, vehicular traffic improvements, and utility relocations. We also act as a liaison to local communities on behalf of our clients."

Dickerson Wright, PE, Chairman and CEO of NV5, said, "Our Infrastructure Group in New York City has built an impressive practice over the last 20 years, which has included the delivery of Resident Engineering Inspection Services to over 100 roadway and sewer projects in the New York City Area. Our experts in New York continue to provide exceptional service to legacy clients such as the NYCDDC and have also done a great job broadening our client base over the last year."

About NYCDDC

The New York City Department of Design and Construction (NYCDDC) is the City's primary capital construction project manager with a portfolio valued at $10 billion. NYCDDC frequently partners with other city agencies such as the New York City Department of Environmental Protection (NYCDEP) to achieve its goal of providing New Yorkers with buildings and services that are socially responsible, progressively designed, and environmentally sound. Over the last decade, NYCDDC's staff of 1,200 has completed more than 745 miles of new roadway, 735 miles of water mains, 588 miles of storm and sanitary sewers, and 42,000 sidewalk pedestrian ramp installations in all five boroughs. To learn more about NYCDDC and NYCDEP, visit www.NYC.gov.

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 58 offices in 25 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, Ph.D.
    Director of Investor Relations
    Tel: +1-408-392-7233
    Email: ir@nv5.com