NV5 Announces Approximately $9 Million in Transportation Infrastructure Awards

HOLLYWOOD, Fla., May 26, 2020 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of professional and technical engineering, geospatial, and consulting solutions, announced today that it has been awarded approximately $9 million in transportation infrastructure contracts in New York and California.  These projects will provide engineering, construction inspection, and program management services for critical infrastructure projects related to roadway and pedestrian facility improvements, stormwater infrastructure improvements, and bridge rehabilitation. 

“Critical infrastructure investments, such as transportation, utility services, water resources, and civil program management continue to drive new business for NV5, even during times of economic downturn,” said Dickerson Wright, PE, Chairman and CEO of NV5.  “The investments being made by the New York State DOT and Caltrans will improve the transportation infrastructure in each state for years to come, and we are proud to support these efforts for our valued clients.”

The New York State Department of Transportation (NYSDOT) awarded NV5 three new construction inspection contracts, totaling approximately $3.5 million.  In Suffolk County, NV5’s services will support an 18-month drainage improvement project to address ponding and pavement flooding on New York State Route 454, along with curb, barrier, signage, and pavement improvements.  NV5 will also support a 14-month bridge rehabilitation project in Nassau County on New York State Route 25, which will include bearing replacement, pedestal reconstruction, substructure and deck repair, bridge rail and sidewalk replacement, and asphalt overlay.  In Rockland County, NV5 will provide construction inspection and concrete testing for a 14-month project to replace and reconstruct the roadway and pedestrian facilities of New York State Route 17 in the Village of Sloatsburg.

The California Department of Transportation – District 9 (Caltrans: District 9) selected NV5 for a $5.1 million contract to provide on-call construction engineering, inspection, testing, claims, and constructability support services for transportation facilities throughout the Caltrans: District 9 service area including Eastern Kern, Inyo, and Mono Counties.  NV5 has served Caltrans since 2003, in support of transportation facilities and projects across the State of California.  Work has already begun under this work order, and the contract duration is 30 months.