NV5 Awarded $14 Million in Southern California Municipal Infrastructure Contracts
NV5 has secured $14 million in multi-year infrastructure consulting contracts across Southern California. The company will provide not-at-risk construction management services for transportation infrastructure improvements in a major Southern California county under a five-year contract. Additionally, two Los Angeles County municipalities have selected NV5 for engineering, water resources, and construction management services. These projects aim to enhance traffic capacity, safety, and sustainable water management practices while supporting long-term development needs.
NV5 ha acquisito 14 milioni di dollari in contratti di consulenza per infrastrutture pluriennali in tutto il sud della California. L'azienda fornirà servizi di gestione della costruzione senza rischio per i miglioramenti delle infrastrutture di trasporto in un importante contea della California meridionale con un contratto di cinque anni. Inoltre, due municipalità della contea di Los Angeles hanno scelto NV5 per servizi di ingegneria, risorse idriche e gestione della costruzione. Questi progetti mirano a migliorare la capacità di traffico, la sicurezza e le pratiche di gestione sostenibile delle risorse idriche, sostenendo al contempo le esigenze di sviluppo a lungo termine.
NV5 ha asegurado 14 millones de dólares en contratos de consultoría de infraestructura a varios años en el sur de California. La empresa proporcionará servicios de gestión de construcción sin riesgo para las mejoras de infraestructura de transporte en un importante condado del sur de California bajo un contrato de cinco años. Adicionalmente, dos municipalidades del condado de Los Ángeles han seleccionado a NV5 para servicios de ingeniería, recursos hídricos y gestión de la construcción. Estos proyectos tienen como objetivo mejorar la capacidad del tráfico, la seguridad y las prácticas de gestión sostenible del agua, mientras apoyan las necesidades de desarrollo a largo plazo.
NV5는 남부 캘리포니아에서 1천4백만 달러의 다년간 인프라 컨설팅 계약을 체결했습니다. 이 회사는 5년 계약에 따라 주요 남부 캘리포니아 카운티의 교통 인프라 개선을 위한 리스크 없는 건설 관리 서비스를 제공할 것입니다. 또한, 로스앤젤레스 카운티의 두 자치단체가 NV5를 엔지니어링, 수자원 및 건설 관리 서비스 용역으로 선정했습니다. 이 프로젝트는 교통 용량, 안전 및 지속 가능한 수자원 관리 관행을 향상시키는 것을 목표로 하며, 장기적인 개발 요구를 지원합니다.
NV5 a sécurisé 14 millions de dollars dans des contrats de conseil en infrastructure sur plusieurs années dans le sud de la Californie. L'entreprise fournira des services de gestion de la construction sans risque pour les améliorations de l'infrastructure de transport dans un important comté du sud de la Californie dans le cadre d'un contrat de cinq ans. De plus, deux municipalités du comté de Los Angeles ont sélectionné NV5 pour des services d'ingénierie, de ressources en eau et de gestion de la construction. Ces projets visent à améliorer la capacité de circulation, la sécurité et les pratiques de gestion durable de l'eau tout en soutenant les besoins de développement à long terme.
NV5 hat 14 Millionen Dollar an mehrjährigen Infrastrukturberatungsverträgen in Südkalifornien gesichert. Das Unternehmen wird im Rahmen eines fünfjährigen Vertrags risikofreie Bauleitungsdienste zur Verbesserung der Verkehrsinfrastruktur in einem wichtigen Landkreis in Südkalifornien anbieten. Darüber hinaus haben zwei Kommunen im Los Angeles County NV5 für Ingenieur-, Wasserressourcen- und Bauleitungsdienste ausgewählt. Ziel dieser Projekte ist es, die Verkehrskapazität, Sicherheit und nachhaltige Wasserbewirtschaftungspraktiken zu verbessern und gleichzeitig den langfristigen Entwicklungsbedarf zu unterstützen.
- Secured new contracts worth $14 million in Southern California
- Multi-year agreements providing stable revenue stream
- Geographic expansion in key California market
- Diversification of services across transportation and water infrastructure
- None.
Insights
The
These awards are particularly significant as they include both transportation and water management services, showcasing NV5's diverse technical capabilities. The company's ability to win contracts from multiple municipalities indicates strong competitive advantages and local market penetration. While the
HOLLYWOOD, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded
NV5 was selected by a large Southern California county to deliver comprehensive not-at-risk construction management services to oversee transportation infrastructure improvements. The five-year contract will focus on transportation capital improvement and maintenance projects to increase traffic capacity and safety through construction management, quality assurance and control, and plan review services.
Two Los Angeles County municipalities also selected NV5 for engineering, water resources, and not-at-risk construction management services. These agreements will oversee effective project execution, address the region’s unique infrastructure needs, support sustainable water management practices, and enhance long-term development.
“Design and maintenance of critical infrastructure to withstand future capacity and environmental requirements is essential for supporting the growth of resilient communities,” said Alex Hockman, PE, CEO of Infrastructure at NV5. “These contracts demonstrate NV5’s leadership position in delivering innovative and sustainable solutions to meet the growing demands placed on municipal infrastructure.”
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. 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.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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