Hill International Awarded Five-Year, $125 Million Contract to Continue Providing Professional Services to Southern California Edison

Rhea-AI Summary

Hill International (NYSE:HIL) has been awarded a five-year contract valued at $125 million by Southern California Edison (SCE) to provide ongoing project management services. The collaboration, which spans over a decade, covers various sectors including Transmission, Substation, and Asset Management. This partnership aims to enhance project delivery efficiency for SCE, which serves 15 million people across 50,000 square miles in California. Hill's expertise in project and data management is pivotal in supporting SCE's infrastructure projects.

Positive

• Awarded a five-year contract valued at $125 million.
• Continued partnership with Southern California Edison, enhancing project delivery.
• Hill International's services include project management and data management, critical for SCE's infrastructure.

Negative

• None.

PHILADELPHIA and IRVINE, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was selected by Southern California Edison (SCE) to continue providing project management and support services for assignments from SCE’s Major Projects Organization, Transmission, Substation, Distribution, Generation, and Asset Management Strategy and Engineering groups. Hill has worked with SCE for more than a decade to help deliver their projects and programs on-time and within budget, providing project management, project controls, data management, document management, and other support services. The five-year contract is valued at $125 million.

SCE is one of the largest electric utilities in the United States, delivering power to 15 million people in 50,000 square miles of service area across Central, Coastal, and Southern California.

“SCE is a long-term partner for Hill,” says First Vice President, Southern California Operations J.P. Villamizar. “Over the years we have worked with SCE’s in-house experts to refine and hone management processes and systems for very exciting capital projects and initiatives to deliver the energy infrastructure Southern California needs to grow safely and sustainably. We’re proud and excited to continue our partnership.”

About Hill International

Hill International, with more than 2,900 professionals in 70 offices worldwide, provides program management, project management, construction management, project management oversight, facilities management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as one of the largest construction management firms in the United States. For more information on Hill, please visit our website at www.hillintl.com.

Forward Looking Statements

Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any statements of belief or intent, any statements concerning our plans, strategies, and objectives for future operations are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates, and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue, and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.

Hill International, Inc.
Elizabeth J. Zipf, LEED AP BD+C
Senior Vice President
(215) 309-7707
elizabethzipf@hillintl.com

The Equity Group, Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com

FAQ

What is the value of the contract awarded to Hill International by SCE?

The contract awarded to Hill International by Southern California Edison is valued at $125 million.

What services will Hill International provide to Southern California Edison?

Hill International will provide project management and support services for SCE's Major Projects Organization.

How long is the contract with Southern California Edison?

The contract with Southern California Edison is for five years.

How many people does Southern California Edison serve?

Southern California Edison serves 15 million people.

What sectors will Hill International be working on for Southern California Edison?

Hill International will work on sectors including Transmission, Substation, Distribution, Generation, and Asset Management.