NV5 Awarded $5 Million Bypass Project by Georgia Department of Transportation
NV5 has secured a $5 million, five-year contract from the Georgia Department of Transportation (GDOT) to lead the Watkinsville Bypass project in Oconee County, Georgia. The project aims to connect SR 24 and SR 15, improving connectivity and traffic flow by rerouting trucks away from downtown Watkinsville. NV5 will provide comprehensive services including geomatics, environmental studies, roadway and bridge design, hydraulic analysis, traffic engineering, and right-of-way services. The bypass project emerged from a 2021 transportation study and is expected to contribute to regional development and transportation efficiency.
NV5 ha ottenuto un contratto di 5 milioni di dollari della durata di cinque anni dal Dipartimento dei Trasporti della Georgia (GDOT) per guidare il progetto del Bypass di Watkinsville nella Contea di Oconee, Georgia. Il progetto ha l'obiettivo di collegare SR 24 e SR 15, migliorando la connettività e il flusso del traffico rimuovendo i camion dal centro di Watkinsville. NV5 fornirà servizi completi tra cui geomatica, studi ambientali, progettazione di strade e ponti, analisi idraulica, ingegneria del traffico e servizi di diritto di passaggio. Il progetto del bypass è emerso da uno studio di trasporti del 2021 ed è previsto che contribuisca allo sviluppo regionale e all'efficienza dei trasporti.
NV5 ha asegurado un contrato de 5 millones de dólares por cinco años del Departamento de Transporte de Georgia (GDOT) para liderar el proyecto del Bypass de Watkinsville en el Condado de Oconee, Georgia. El proyecto tiene como objetivo conectar SR 24 y SR 15, mejorando la conectividad y el flujo de tráfico al desviar los camiones del centro de Watkinsville. NV5 proporcionará servicios integrales que incluyen geomática, estudios ambientales, diseño de carreteras y puentes, análisis hidráulico, ingeniería de tráfico y servicios de derecho de vía. El proyecto del bypass surgió de un estudio de transporte de 2021 y se espera que contribuya al desarrollo regional y a la eficiencia del transporte.
NV5는 조지아 교통부 (GDOT)로부터 500만 달러 규모의 5년 계약을 체결하고 조지아주 오코니 카운티에 있는 왝킨스빌 우회도로 프로젝트를 주도하게 되었습니다. 이 프로젝트는 SR 24와 SR 15를 연결하여 왝킨스빌 중심가에서 트럭을 우회시켜 연결성과 교통 흐름을 개선하는 것을 목표로 하고 있습니다. NV5는 지리정보학, 환경 연구, 도로 및 교량 설계, 수리 분석, 교통 공학, 그리고 권리 통행 서비스 등의 포괄적인 서비스를 제공할 예정입니다. 우회도로 프로젝트는 2021년의 교통 연구에서 비롯되었으며, 지역 개발과 교통 효율성에 기여할 것으로 예상됩니다.
NV5 a obtenu un contrat de 5 millions de dollars d'une durée de cinq ans du Département des Transports de la Géorgie (GDOT) pour diriger le projet du contournement de Watkinsville dans le comté d'Oconee, en Géorgie. Ce projet vise à relier SR 24 et SR 15, améliorant ainsi la connectivité et le flux de circulation en déviant les camions du centre-ville de Watkinsville. NV5 fournira des services complets, y compris la géomatique, les études environnementales, la conception de routes et de ponts, l'analyse hydraulique, l'ingénierie des transports et les services de droit de propriété. Ce projet de contournement a émergé d'une étude de transport réalisée en 2021 et devrait contribuer au développement régional et à l'efficacité des transports.
NV5 hat einen 5-Millionen-Dollar Vertrag über fünf Jahre vom Georgia Department of Transportation (GDOT) zur Leitung des Watkinsville Bypass-Projekts im Oconee County, Georgia, gesichert. Ziel des Projekts ist es, SR 24 und SR 15 zu verbinden, indem der Verkehr und fließende Verbindungen verbessert werden, indem Lastwagen vom Stadtzentrum von Watkinsville umgeleitet werden. NV5 wird umfassende Dienstleistungen anbieten, darunter Geomatik, Umweltstudien, Straßen- und Brückenplanung, hydraulische Analyse, Verkehrsengineering und Wegebaurechte. Das Bypass-Projekt entstand aus einer Verkehrsstudie von 2021 und wird voraussichtlich zur regionalen Entwicklung und Verkehrseffizienz beitragen.
- Secured new $5 million contract with GDOT
- Five-year contract duration provides steady revenue stream
- Project demonstrates successful cross-selling of diverse services
- None.
Insights
The
The Watkinsville Bypass project is particularly noteworthy for its cross-selling success, where NV5 leverages its diverse technical expertise - from geomatics to environmental studies - to secure larger, more complex contracts. This approach typically yields higher profit margins compared to single-service engagements. The project's focus on truck traffic rerouting aligns with growing demands for urban congestion solutions, positioning NV5 for similar opportunities in other regions facing comparable challenges.
While the contract value may appear modest at
The Watkinsville Bypass project exemplifies the growing trend of municipalities implementing targeted infrastructure solutions to address both commercial traffic efficiency and urban quality of life. The 2021 transportation study foundation indicates a data-driven approach to project planning, which typically results in higher project success rates and stronger community support.
The bypass's dual focus on improving regional connectivity while protecting downtown Watkinsville's character represents a balanced approach to infrastructure development. Such projects often lead to increased property values in the downtown area and improved commercial activity due to reduced congestion and enhanced pedestrian accessibility. The project's emphasis on truck traffic management suggests potential positive implications for regional logistics efficiency, particularly beneficial for businesses in Oconee County's developing industrial and commercial sectors.
HOLLYWOOD, Fla., Dec. 23, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a
“This award highlights NV5’s ability to effectively cross-sell our diverse capabilities, driving growth and reinforcing our reputation for delivering innovative, high-value solutions in the infrastructure sector,” said Alex Hockman, PE, CEO of Infrastructure at NV5. “We look forward to collaborating with GDOT to bring the Watkinsville Truck Bypass project to life.”
The Watkinsville Bypass is the result of a transportation study conducted in 2021 to determine a proposed route and impact on local traffic conditions. The bypass will improve connectivity and traffic flow by rerouting trucks away from downtown Watkinsville and will contribute to regional development and transportation efficiency in Oconee County.
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.
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Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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